OTCPK:CHBH

Stock Analysis Report

Executive Summary

Croghan Bancshares, Inc. operates as the holding company for Croghan Colonial Bank that provides a range of commercial and retail banking services to individuals and business clients in Ohio.

Snowflake

Fundamentals

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

How has Croghan Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.02%

CHBH

4.8%

US Banks

2.3%

US Market


1 Year Return

-7.3%

CHBH

0.04%

US Banks

5.6%

US Market

Return vs Industry: CHBH underperformed the US Banks industry which returned 0% over the past year.

Return vs Market: CHBH underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

CHBHIndustryMarket
7 Day-0.02%4.8%2.3%
30 Day0.6%-0.5%-1.0%
90 Day-0.04%2.0%-0.7%
1 Year-4.0%-7.3%2.9%0.04%7.9%5.6%
3 Year48.3%34.7%51.5%41.1%45.6%36.3%
5 Year84.8%55.4%70.9%52.3%65.8%47.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Croghan Bancshares undervalued compared to its fair value and its price relative to the market?

15.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: CHBH ($52.98) is trading below our estimate of fair value ($62.89)

Significantly Undervalued: CHBH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CHBH is good value based on its PE Ratio (10.5x) compared to the Banks industry average (12.6x).

PE vs Market: CHBH is good value based on its PE Ratio (10.5x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CHBH is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

5.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHBH's forecast earnings growth (5.2% per year) is above the savings rate (2.7%).

Earnings vs Market: CHBH's earnings (5.2% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: CHBH's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if CHBH's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CHBH's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if CHBH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Croghan Bancshares performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CHBH's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: CHBH's earnings growth over the past year (0.3%) is below its 5-year average (10.1% per year).

Earnings vs Industry: CHBH earnings growth over the past year (0.3%) underperformed the Banks industry 31.8%.


Return on Equity

High ROE: CHBH's Return on Equity (9.5%) is considered low.


Return on Assets

ROA vs Industry: CHBH has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CHBH's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Croghan Bancshares'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: CHBH has a low level of unsold assets or inventory.

Debt Coverage by Assets: CHBH's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

Asset Level: CHBH's level of assets compared to its equity is low.

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

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

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

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

Level of Bad Loans: CHBH has an appropriate level of bad loans (0.17%)


Next Steps

Dividend

What is Croghan Bancshares's current dividend yield, its reliability and sustainability?

3.55%

Current Dividend Yield


Dividend Yield vs Market

company3.5%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CHBH's dividend (3.55%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: CHBH's dividend (3.55%) is low compared to the top 25% of dividend payers in the US market (3.76%).

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

Growing Dividend: CHBH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.5%), CHBH'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 Croghan Bancshares's salary, the management and board of directors tenure and is there insider trading?

15.3yrs

Average board tenure


CEO

Kendall Rieman (48yo)

0yrs

Tenure

US$251,386

Compensation

Mr. Kendall W. Rieman serves as President, Chief Executive Officer and Director of Croghan Colonial Bank since January 1, 2019 and is its Chief Financial Officer. He served as Executive Vice President of T ...


CEO Compensation Analysis

Compensation vs. Market: Kendall's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD493.00K).

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


Board Age and Tenure

15.3yrs

Average Tenure

68yo

Average Age

Experienced Board: CHBH's board of directors are seasoned and experienced ( 15.3 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Dan Schloemer (62yo)

    Executive VP

    • Tenure: 0yrs
  • Kendall Rieman (48yo)

    President

    • Tenure: 0yrs
    • Compensation: US$251.39k
  • Stacy Cox (51yo)

    Vice President

    • Tenure: 8.1yrs
    • Compensation: US$167.07k
  • Charles Barteck (56yo)

    VP & Retail Sales Manager of Croghan Colonial Bank

    • Tenure: 7.8yrs
  • Amy LeJeune

    Investor Relations Officer & Assistant Secretary

    • Tenure: 0yrs
  • Brad Elfring

    Treasurer

    • Tenure: 0yrs

Board Members

  • Al Mehlow (64yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$23.40k
  • Claire Johansen (65yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$25.30k
  • Daniel Lease (70yo)

    Independent Director

    • Tenure: 25.8yrs
    • Compensation: US$19.65k
  • Gary Zimmerman (72yo)

    Independent Director

    • Tenure: 28.8yrs
    • Compensation: US$18.90k
  • Jim Bowlus (70yo)

    Lead Independent Director

    • Tenure: 9yrs
    • Compensation: US$34.55k
  • Michael Allen (73yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$26.20k
  • Rick Robertson (66yo)

    Director

    • Tenure: 9.1yrs
    • Compensation: US$439.21k
  • Kendall Rieman (48yo)

    President

    • Tenure: 0yrs
    • Compensation: US$251.39k
  • Tom McLaughlin (66yo)

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: US$23.00k
  • Jim Faist (71yo)

    Independent Director

    • Tenure: 12.4yrs
    • Compensation: US$20.70k

Company Information

Croghan Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Croghan Bancshares, Inc.
  • Ticker: CHBH
  • Exchange: OTCPK
  • Founded: 1888
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$120.318m
  • Shares outstanding: 2.27m
  • Website: https://www.croghan.com

Number of Employees


Location

  • Croghan Bancshares, Inc.
  • 323 Croghan Street
  • Fremont
  • Ohio
  • 43420
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CHBHOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 1997

Biography

Croghan Bancshares, Inc. operates as the holding company for Croghan Colonial Bank that provides a range of commercial and retail banking services to individuals and business clients in Ohio. The company o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:35
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
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.