OTCPK:CFNB

Stock Analysis Report

California First National Bancorp

Executive Summary

California First National Bancorp operates as the bank holding company for California First National Bank that provides banking services in the United States.


Snowflake Analysis

Unattractive dividend payer with weak fundamentals.


Similar Companies

Share Price & News

How has California First National Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

CFNB

-0.3%

US Banks

0.06%

US Market


1 Year Return

11.0%

CFNB

11.1%

US Banks

19.3%

US Market

Return vs Industry: CFNB matched the US Banks industry which returned 11.1% over the past year.

Return vs Market: CFNB underperformed the US Market which returned 19.3% over the past year.


Shareholder returns

CFNBIndustryMarket
7 Day0%-0.3%0.06%
30 Day0%-0.5%1.7%
90 Day0.5%0.6%9.0%
1 Year14.5%11.0%14.4%11.1%21.8%19.3%
3 Year14.8%4.4%24.7%15.7%49.5%39.9%
5 Year37.8%17.9%74.9%55.1%73.1%54.1%

Price Volatility Vs. Market

How volatile is California First National Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is California First National Bancorp undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: CFNB ($16.5) is trading above our estimate of fair value ($6.81)

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


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate CFNB's PE Ratio to determine if it is good value compared to the Banks industry average.

PE vs Market: Insufficient data to calculate CFNB's PE Ratio to determine if it is good value compared to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: Insufficient data to calculate CFNB's PB Ratio to determine if it is good value.


Next Steps

Future Growth

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

2.2%

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 California First National Bancorp 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

  • Take a look at our analysis of CFNB’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access California First National Bancorp's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has California First National Bancorp performed over the past 5 years?

16.4%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, California First National Bancorp has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

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


In this section we usually analyse California First National Bancorp's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. California First National Bancorp has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of CFNB’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when California First National Bancorp's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

What is California First National Bancorp's current dividend yield, its reliability and sustainability?

2.79%

Current Dividend Yield


Dividend Yield vs Market

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

Current dividend yield vs market & industry

Notable Dividend: CFNB's dividend (2.79%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: CFNB's dividend (2.79%) is low compared to the top 25% of dividend payers in the US market (3.71%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are 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

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

18.5yrs

Average management tenure


CEO

Patrick Paddon (68yo)

30.1yrs

Tenure

US$187,090

Compensation

Mr. Patrick E. Paddon, founded California First National BanCorp. since 1977 and has been the President since its inception in 1977. Mr. Paddon has been the Chief Executive Officer of California First Nati ...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD187.09K) is below average for companies of similar size in the US market ($USD1.11M).

Compensation vs Earnings: Insufficient data to compare Patrick's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Paddon
Founder30.1yrsUS$187.09k62.71% $106.4m
S. Jewett
Executive VP & CFO7yrsUS$254.10k1.66% $2.8m
Glen Tsuma
VP, COO28.3yrsUS$187.63k13.07% $22.2m
Thomas Duggan
Senior Vice President of Information Technology & Operations6.4yrsUS$232.00kno data

18.5yrs

Average Tenure

65.5yo

Average Age

Experienced Management: CFNB's management team is seasoned and experienced (18.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Paddon
Founder30.1yrsUS$187.09k62.71% $106.4m
Glen Tsuma
VP, COO28.3yrsUS$187.63k13.07% $22.2m
Michael Lowry
Independent Director27.5yrsUS$30.00k0.21% $352.1k
Harris Ravine
Independent Director26yrsUS$30.00k0.14% $234.3k
Danilo Cacciamatta
Independent Director18.7yrsUS$30.00k0.38% $644.5k

26.8yrs

Average Tenure

73yo

Average Age

Experienced Board: CFNB's board of directors are seasoned and experienced ( 26.8 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

California First National Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: California First National Bancorp
  • Ticker: CFNB
  • Exchange: OTCPK
  • Founded: 1977
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$169.688m
  • Shares outstanding: 10.28m
  • Website: https://www.calfirst.com

Number of Employees


Location

  • California First National Bancorp
  • 28 Executive Park
  • Irvine
  • California
  • 92614
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CFNBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 1987

Biography

California First National Bancorp operates as the bank holding company for California First National Bank that provides banking services in the United States. The company accepts interest-bearing checking, money market, and savings accounts, as well as certificates of deposit and IRA deposit products. It also provides commercial loan products, including lines of credit, term loans, and commercial mortgages; and syndicated loans. In addition, the company, through its subsidiary, California First Leasing Corp., leases and finances capital assets used by businesses and organizations comprising computer systems and networks, automated warehouse distribution management systems, and manufacturing production systems; retail point-of-sale and inventory tracking systems; telecommunications systems, including wireless networks, voice over Internet protocol systems, and satellite tracking systems; and other equipment, as well as non-electronic properties, such as office equipment, mining equipment, machine tools, school buses, trucks, exercise equipment, and office and dormitory furniture. It serves corporations and middle-market companies, private and state-related educational institutions, municipalities, and other not-for-profit organizations and institutions. California First National Bancorp was founded in 1977 and is headquartered in Irvine, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 00:18
End of Day Share Price2020/02/11 00:00
Earnings2017/12/31
Annual Earnings2017/06/30


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.