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BCTF

Bancorp 34 OTCPK:BCTF Stock Report

Last Price

US$14.71

Market Cap

US$34.4m

7D

-0.6%

1Y

16.3%

Updated

17 May, 2022

Data

Company Financials
BCTF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

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.

Bancorp 34 Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bancorp 34
Historical stock prices
Current Share PriceUS$14.71
52 Week HighUS$17.00
52 Week LowUS$11.94
Beta0.51
1 Month Change-4.23%
3 Month Change-8.06%
1 Year Change16.29%
3 Year Change-2.65%
5 Year Change11.95%
Change since IPO43.51%

Recent News & Updates

Shareholder Returns

BCTFUS MortgageUS Market
7D-0.6%5.9%2.7%
1Y16.3%-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 Movementn/a
Mortgage Industry Average Movement3.9%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

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

FoundedEmployeesCEOWebsite
1934n/aJim Crottyhttps://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 CapUS$34.38m
Earnings (TTM)US$3.09m
Revenue (TTM)US$19.20m

11.1x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCTF income statement (TTM)
RevenueUS$19.20m
Cost of RevenueUS$0
Gross ProfitUS$19.20m
Other ExpensesUS$16.11m
EarningsUS$3.09m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.33
Gross Margin100.00%
Net Profit Margin16.08%
Debt/Equity Ratio205.6%

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

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.


Top Shareholders

Company Information

Bancorp 34, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Bancorp 34, Inc.
  • Ticker: BCTF
  • Exchange: OTCPK
  • Founded: 1934
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$34.377m
  • Shares outstanding: 2.32m
  • Website: https://www.bank34.com

Number of Employees


Location

  • Bancorp 34, Inc.
  • 14850 N. Scottsdale Road
  • Suite 100
  • Scottsdale
  • Arizona
  • 85254
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.