Bancorp 34 (OTCPK:BCTF) - Share price, News & Analysis

BCTF fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	3/6

BCTF Stock Overview

Bancorp 34, Inc. operates as the holding company for Bank 34 that offers various banking products and services to individuals and businesses in the United States.

Rewards

PE ratio (11.1x) is below the US market (15.5x)

Earnings grew by 8.3% over the past year

Risk Analysis

Does not have a meaningful market cap ($34M)

Bancorp 34 Competitors

Timberland Bancorp

NasdaqGM:TSBK

US$209.8m

CF Bankshares

NasdaqCM:CFBK

US$134.6m

Randolph Bancorp

NasdaqGM:RNDB

US$134.4m

HMN Financial

NasdaqGM:HMNF

US$102.6m

Price History & Performance

Summary of all time highs, changes and price drops for Bancorp 34
Historical stock prices
Current Share Price	US$14.71
52 Week High	US$17.00
52 Week Low	US$11.94
Beta	0.51
1 Month Change	-4.23%
3 Month Change	-8.06%
1 Year Change	16.29%
3 Year Change	-2.65%
5 Year Change	11.95%
Change since IPO	43.51%

Shareholder Returns

	BCTF	US Mortgage	US Market
7D	-0.6%	5.9%	2.7%
1Y	16.3%	-30.2%	-8.1%

Return vs Industry: BCTF exceeded the US Mortgage industry which returned -33.1% over the past year.

Return vs Market: BCTF exceeded the US Market which returned -10.8% over the past year.

Price Volatility

Is BCTF's price volatile compared to industry and market?
BCTF volatility
BCTF Average Weekly Movement	n/a
Mortgage Industry Average Movement	3.9%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	2.9%

Stable Share Price: Insufficient data to determine BCTF's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine BCTF's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1934	n/a	Jim Crotty	https://www.bank34.com

Bancorp 34, Inc. operates as the holding company for Bank 34 that offers various banking products and services to individuals and businesses in the United States. It accepts various deposit products, such as savings accounts, checking accounts, money market accounts, demand deposits, NOW accounts, and individual retirement accounts, as well as certificates of deposit. The company also provides small business financing services; small business administration loans; owner-occupied real estate financing and long term financing services; working capital, equipment, and manufacturing loans; commercial real estate, multi-family, office, industrial, and construction loans, as well as financing for mobile home parks; personal and mortgage loans; and investor pools of single family rentals.

Bancorp 34 Fundamentals Summary

How do Bancorp 34's earnings and revenue compare to its market cap?
BCTF fundamental statistics
Market Cap	US$34.38m
Earnings (TTM)	US$3.09m
Revenue (TTM)	US$19.20m

11.1x

P/E Ratio

0.9x

P/B Ratio

Is BCTF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCTF income statement (TTM)
Revenue	US$19.20m
Cost of Revenue	US$0
Gross Profit	US$19.20m
Other Expenses	US$16.11m
Earnings	US$3.09m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.33
Gross Margin	100.00%
Net Profit Margin	16.08%
Debt/Equity Ratio	205.6%

How did BCTF perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

19%

Payout Ratio

Valuation

Is Bancorp 34 undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

11.07x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: BCTF ($14.71) is trading above our estimate of fair value ($4.83)

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

Price To Earnings Ratio

PE vs Industry: BCTF is good value based on its PE Ratio (11.1x) compared to the US Mortgage industry average (12.1x).

PE vs Market: BCTF is good value based on its PE Ratio (11.1x) compared to the US market (15.5x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: BCTF's PB Ratio (0.9x) is in line with the US Mortgage industry average.

Future Growth

How is Bancorp 34 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

14.4%

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 Bancorp 34 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.

Past Performance

How has Bancorp 34 performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

0.01%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BCTF has high quality earnings.

Growing Profit Margin: BCTF's current net profit margins (16.1%) are lower than last year (17.8%).

Past Earnings Growth Analysis

Earnings Trend: BCTF's earnings have grown by 0.01% per year over the past 5 years.

Accelerating Growth: BCTF's earnings growth over the past year (8.3%) exceeds its 5-year average (0.01% per year).

Earnings vs Industry: BCTF earnings growth over the past year (8.3%) exceeded the Mortgage industry 7.1%.

Return on Equity

High ROE: BCTF's Return on Equity (8%) is considered low.

Financial Health

How is Bancorp 34's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: BCTF's Assets to Equity ratio (14.7x) is moderate.

Allowance for Bad Loans: BCTF has a sufficient allowance for bad loans (182%).

Low Risk Liabilities: 84% of BCTF's liabilities are made up of primarily low risk sources of funding.

Loan Level: BCTF has an appropriate level of Loans to Assets ratio (79%).

Low Risk Deposits: BCTF's Loans to Deposits ratio (101%) is appropriate.

Level of Bad Loans: BCTF has an appropriate level of bad loans (0.7%).

Dividend

What is Bancorp 34 current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.90%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BCTF's dividend (1.9%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: BCTF's dividend (1.9%) is low compared to the top 25% of dividend payers in the US market (4.06%).

Stability and Growth of Payments

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

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

Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.5%), BCTF'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 or that it will be covered by earnings.

Next Steps

Explore strong dividend paying companies in the Banks industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

9.9yrs

Average board tenure

CEO

Jim Crotty

1.67yrs

Tenure

Mr. James T. Crotty, also known as Jim, has been Director of Bancorp 34, Inc. and Bank 34 since 2020. He has been President and Chief Executive Officer at Bancorp 34, Inc. and Bank 34 since September 30, 2...

Board Members

Experienced Board: BCTF's board of directors are considered experienced (9.9 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31