NasdaqCM:PBSK

Stock Analysis Report

Executive Summary

As of December 7, 2018, was acquired by City Holding Company.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Risks

  • Poage Bankshares is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

5.2%

NasdaqCM:PBSK

-0.4%

US Mortgage

0.6%

US Market


1 Year Return

31.8%

NasdaqCM:PBSK

2.2%

US Mortgage

4.1%

US Market

PBSK outperformed the Mortgage industry which returned -12.9% over the past year.

PBSK outperformed the Market in United States of America which returned -2.1% over the past year.


Share holder returns

PBSKIndustryMarket
7 Day5.2%-0.4%0.6%
30 Day1.2%1.8%3.8%
90 Day-2.5%1.2%2.8%
1 Year33.3%31.8%4.4%2.2%6.4%4.1%
3 Year57.2%51.1%42.5%32.7%47.0%37.3%
5 Year91.6%79.0%61.4%44.9%60.3%42.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Poage Bankshares undervalued based on future cash flows and its price relative to the stock market?

1.37x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Poage Bankshares to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Poage Bankshares to establish if it is available at substantial discount.


Price Based on Earnings

Poage Bankshares is loss making, we can't compare its value to the US Mortgage industry average.

Poage Bankshares is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Poage Bankshares, we can't assess if its growth is good value.


Price Based on Value of Assets

Poage Bankshares is overvalued based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

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

37.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Poage Bankshares is high growth as no revenue estimate data is available.

Poage Bankshares's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Poage Bankshares's revenue growth to the United States of America market average as no estimate data is available.

Poage Bankshares's earnings growth is expected to exceed the United States of America market average.

Poage Bankshares's earnings growth is expected to exceed the low risk savings rate of 3%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Poage Bankshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Poage Bankshares performed over the past 5 years?

-36.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Poage Bankshares does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Poage Bankshares's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Poage Bankshares's 1-year growth to the US Mortgage industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Poage Bankshares has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Poage Bankshares has efficiently used its assets last year compared to the US Mortgage industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

Unable to establish if Poage Bankshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Poage 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


Financial Institutions Analysis

Poage Bankshares has an acceptable proportion of non-loan assets held.

Poage Bankshares has a low allowance for bad loans.

Poage Bankshares's liabilities are made up of primarily low risk sources of funding.

Poage Bankshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Poage Bankshares are broadly funded by customer deposits.

Poage Bankshares has a high level of bad loans (greater than 2%).


Next Steps

Dividend

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

0.95%

Current Dividend Yield


Dividend Yield and Payments Analysis

Poage Bankshares's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).

Poage Bankshares's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).

Poage Bankshares has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Poage Bankshares only paid a dividend in the past 7 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

Robert VanHorn (66yo)

3.3yrs

Tenure

US$271,352

Compensation

Mr. Robert Bruce VanHorn serves as President and Chief Executive Officer of Poage Bankshares since August 2015. Mr. VanHorn is a member of the board of directors of Poage Bankshares since August 2015 and o ...


CEO Compensation Analysis

Robert's remuneration is about average for companies of similar size in United States of America.

Robert's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.6yrs

Average Tenure

61yo

Average Age

The average tenure for the Poage Bankshares management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.4yrs

Average Tenure

67yo

Average Age

The tenure for the Poage Bankshares board of directors is about average.


Insider Trading

No 3 month insider trading information.


Recent Insider Transactions

SellUS$1,409,85927 Aug 18
Stilwell Value LLC
EntityCompany
Shares52,217
Max PriceUS$27.00
SellUS$1,832,31714 Aug 18
Stilwell Value LLC
EntityCompany
Shares69,859
Max PriceUS$26.49
SellUS$1,589,40227 Jul 18
Stilwell Value LLC
EntityCompany
Shares65,583
Max PriceUS$26.32

Ownership Breakdown


Management Team

  • Jeffery Clark (60yo)

    Senior Vice President and Controller

    • Compensation: $19.86k
  • Miles Armentrout (62yo)

    Executive VP & Chief Credit Officer

    • Tenure: 6.5yrs
    • Compensation: $163.30k
  • Darryl Akers (66yo)

    Executive Consultant to the President

    • Tenure: 6.6yrs
    • Compensation: $49.08k
  • James King (60yo)

    Executive VP

    • Compensation: $132.45k
  • Robert VanHorn (66yo)

    President

    • Tenure: 3.3yrs
    • Compensation: $271.35k
  • Frances Gilkerson (56yo)

    Executive VP & CFO

    • Tenure: 4.8yrs
    • Compensation: $160.48k

Board Members

  • Everette Gevedon (60yo)

    Director

    • Tenure: 20.9yrs
    • Compensation: $21.58k
  • Charles Robinson (72yo)

    Vice Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: $25.22k
  • Stuart Moore (59yo)

    Director

    • Tenure: 13.9yrs
    • Compensation: $20.72k
  • Robert VanHorn (66yo)

    President

    • Tenure: 3.3yrs
    • Compensation: $271.35k
  • Tom Burnette (69yo)

    Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: $34.55k
  • John Stewart (71yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: $20.25k
  • Steve Burchett (51yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: $18.20k
  • Dan King (68yo)

    Director

    • Compensation: $20.20k

Company Information

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


Key Information

  • Name: Poage Bankshares, Inc.
  • Ticker: PBSK
  • Exchange: NasdaqCM
  • Founded: 1889
  • Industry: thrifts and mortgage finance
  • Sector: banks
  • Market Cap: US$84.078m
  • Shares outstanding: 3.32m
  • Website: Click here

Number of Employees


Location

  • Poage Bankshares, Inc.
  • 1500 Carter Avenue
  • Ashland
  • Kentucky
  • 41101
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PBSKNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDSep 2011

Biography

As of December 7, 2018, was acquired by City Holding Company.  


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2018/12/11 02:06
End of Day Share Price2018/12/07 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


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.