NasdaqCM:FBSS

Stock Analysis Report

Executive Summary

Fauquier Bankshares, Inc. operates as the bank holding company for The Fauquier Bank that provides retail banking services to individuals and businesses.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Fauquier Bankshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FBSS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.2%

FBSS

-0.7%

US Banks

1.2%

US Market


1 Year Return

16.4%

FBSS

15.6%

US Banks

24.2%

US Market

Return vs Industry: FBSS matched the US Banks industry which returned 15.5% over the past year.

Return vs Market: FBSS underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

FBSSIndustryMarket
7 Day1.2%-0.7%1.2%
30 Day2.8%-1.6%3.5%
90 Day7.9%6.8%11.7%
1 Year19.2%16.4%19.0%15.6%26.9%24.2%
3 Year38.8%29.2%34.9%25.4%53.0%43.2%
5 Year26.1%10.5%85.1%64.3%75.3%56.0%

Price Volatility Vs. Market

How volatile is Fauquier Bankshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fauquier Bankshares undervalued compared to its fair value and its price relative to the market?

11.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FBSS ($21.55) is trading above our estimate of fair value ($15.21)

Significantly Below Fair Value: FBSS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FBSS is good value based on its PE Ratio (11.9x) compared to the Banks industry average (12.8x).

PE vs Market: FBSS is good value based on its PE Ratio (11.9x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FBSS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FBSS is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Fauquier Bankshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.5%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fauquier Bankshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Fauquier Bankshares performed over the past 5 years?

15.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FBSS has high quality earnings.

Growing Profit Margin: FBSS's current net profit margins (22.8%) are higher than last year (14.1%).


Past Earnings Growth Analysis

Earnings Trend: FBSS's earnings have grown by 15.1% per year over the past 5 years.

Accelerating Growth: FBSS's earnings growth over the past year (69.7%) exceeds its 5-year average (15.1% per year).

Earnings vs Industry: FBSS earnings growth over the past year (69.7%) exceeded the Banks industry 27.1%.


Return on Equity

High ROE: FBSS's Return on Equity (10.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Fauquier Bankshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FBSS has a low level of unsold assets or inventory.

Debt Coverage by Assets: FBSS's debt is covered by short term assets (assets are 1.9x debt).


Financial Institutions Analysis

Asset Level: FBSS's level of assets compared to its equity is moderate.

Allowance for Bad Loans: FBSS has a sufficient allowance for bad loans.

Low Risk Liabilities: FBSS's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBSS has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FBSS's loans are broadly funded by customer deposits.

Level of Bad Loans: FBSS has an appropriate level of bad loans (0.98%)


Next Steps

Dividend

What is Fauquier Bankshares's current dividend yield, its reliability and sustainability?

2.32%

Current Dividend Yield


Dividend Yield vs Market

company2.3%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: FBSS's dividend (2.32%) is higher than the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: FBSS's dividend (2.32%) is low compared to the top 25% of dividend payers in the US market (3.66%).


Stability and Growth of Payments

Stable Dividend: FBSS's dividends per share have been stable in the past 10 years.

Growing Dividend: FBSS's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.6%), FBSS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Fauquier Bankshares's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Marc Bogan (52yo)

3.8yrs

Tenure

US$708,846

Compensation

Mr. Marc J. Bogan has been the Chief Executive Officer of Fauquier Bankshares Inc. since March 31, 2016 and has been its President and Executive Director since February 18, 2016. Mr. Bogan has been the Chi ...


CEO Compensation Analysis

Compensation vs Market: Marc's total compensation ($USD708.85K) is above average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.3yrs

Average Tenure

Experienced Management: FBSS's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

10.5yrs

Average Tenure

58.5yo

Average Age

Experienced Board: FBSS's board of directors are seasoned and experienced ( 10.5 years average tenure).


Insider Trading

Insider Buying: FBSS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$1,78412 Nov 19
Donna Flory
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares90
Max PriceUS$19.82
BuyUS$49,78329 Aug 19
Marc Bogan
EntityIndividual
Role
Chief Executive Officer
President
Shares2,420
Max PriceUS$20.60
BuyUS$3,94314 Aug 19
Donna Flory
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares190
Max PriceUS$20.75
BuyUS$34,57629 May 19
Kevin Carter
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,600
Max PriceUS$21.61
BuyUS$1,02028 Feb 19
Donna Flory
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares48
Max PriceUS$21.25
BuyUS$2126 Feb 19
Donna Flory
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1
Max PriceUS$21.25
BuyUS$40431 Jan 19
Donna Flory
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares21
Max PriceUS$19.25
BuyUS$3930 Jan 19
Donna Flory
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2
Max PriceUS$19.25

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Marc Bogan (52yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$708.85k
  • Edna Brannan

    Senior VP

    • Chris Headly (63yo)

      Executive VP & CFO

      • Tenure: 3.3yrs
      • Compensation: US$340.02k
    • Allison Dodson

      Assistant Secretary

      • Tammy Frazier

        Investor Relations

        • Patrick Heijmen

          Director of Wealth Management Services

          • Tenure: 1.2yrs

        Board Members

        • Randy Minter (59yo)

          Vice Chairman of the Board

          • Tenure: 10yrs
          • Compensation: US$36.81k
        • Brian Montgomery (66yo)

          Independent Director

          • Tenure: 30yrs
          • Compensation: US$36.31k
        • John Adams (74yo)

          Chairman of the Board

          • Tenure: 10yrs
          • Compensation: US$47.28k
        • Marc Bogan (52yo)

          President

          • Tenure: 3.8yrs
          • Compensation: US$708.85k
        • Tom Strange (58yo)

          Independent Director

          • Tenure: 12.8yrs
          • Compensation: US$33.21k
        • Kurt Rodgers (51yo)

          Independent Director

          • Tenure: 12.8yrs
          • Compensation: US$37.31k
        • Randy Frostick (62yo)

          Independent Director

          • Tenure: 11yrs
          • Compensation: US$34.71k
        • Jay Keyser (62yo)

          Independent Director

          • Tenure: 11yrs
          • Compensation: US$37.61k
        • Kevin Carter (53yo)

          Independent Director

          • Tenure: 3.2yrs
          • Compensation: US$31.51k
        • Donna Flory (58yo)

          Independent Director

          • Tenure: 4.5yrs
          • Compensation: US$33.91k

        Company Information

        Fauquier Bankshares, Inc.'s company bio, employee growth, exchange listings and data sources


        Key Information

        • Name: Fauquier Bankshares, Inc.
        • Ticker: FBSS
        • Exchange: NasdaqCM
        • Founded: 1902
        • Industry: Regional Banks
        • Sector: Banks
        • Market Cap: US$81.736m
        • Shares outstanding: 3.78m
        • Website: https://www.tfb.bank

        Number of Employees


        Location

        • Fauquier Bankshares, Inc.
        • 10 Courthouse Square
        • Warrenton
        • Virginia
        • 20186
        • United States

        Listings

        TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
        FBSSNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMar 1994

        Biography

        Fauquier Bankshares, Inc. operates as the bank holding company for The Fauquier Bank that provides retail banking services to individuals and businesses. The company accepts various deposits, including interest and noninterest-bearing checking, money market, and savings accounts; and time deposits. Its loan portfolio includes commercial and industrial loans, commercial real estate loans, construction and land loans, consumer and student loans, residential real estate loans, and home equity lines of credit. The company also offers safe deposit, ATM, stop payment, wire transfer, and Internet and mobile banking services, as well as debit and credit cards; and personalized services, such as investment management, financial planning, trust, estate settlement, retirement, insurance, and brokerage services. Fauquier Bankshares, Inc. provides its products and services through 11 banking offices in Fauquier and Prince William counties, Virginia. The company was founded in 1902 and is based in Warrenton, Virginia. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/20 23:37
        End of Day Share Price2020/01/17 00:00
        Earnings2019/09/30
        Annual Earnings2018/12/31


        Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.