OTCPK:CNBZ

Stock Analysis Report

Executive Summary

CNB Corporation operates as the bank holding company for Citizens National Bank that provides various banking services to individuals, agricultural businesses, commercial businesses, and light industries in Michigan.

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.

Risks

  • CNB is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.2%

OTCPK:CNBZ

2.4%

US Banks

2.9%

US Market


1 Year Return

-12.0%

OTCPK:CNBZ

-14.8%

US Banks

0.2%

US Market

CNBZ outperformed the Banks industry which returned -15.3% over the past year.

CNBZ underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

CNBZIndustryMarket
7 Day-1.2%2.4%2.9%
30 Day0%-6.3%-2.3%
90 Dayn/a-2.1%3.1%
1 Year-8.4%-12.0%-12.4%-14.8%2.4%0.2%
3 Year26.3%12.5%41.7%32.0%41.7%32.4%
5 Year76.5%50.0%52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.02x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

CNB's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

CNB's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

CNB is loss making, we can't compare its value to the US Banks industry average.

CNB 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 CNB, we can't assess if its growth is good value.


Price Based on Value of Assets

CNB is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

28.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

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

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

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

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

CNB's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has CNB performed over the past 5 years?

-17.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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

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

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


Return on Equity

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


Return on Capital Employed

It is difficult to establish if CNB improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is CNB'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

Information is not available.

Information is not available.


Financial Institutions Analysis

CNB has an acceptable proportion of non-loan assets held.

CNB has a sufficient allowance for bad loans.

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

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

Loans at CNB are broadly funded by customer deposits.

CNB has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

3.95%

Current Dividend Yield


Dividend Yield and Payments Analysis

CNB's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

CNB's dividend is above the markets top 25% of dividend payers in United States of America (3.85%).

Whilst dividend payments have been stable, CNB has been paying a dividend for less than 10 years.

Dividend payments have increased, but CNB only paid a dividend in the past 5 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 CNB's salary, the management and board of directors tenure and is there insider trading?

13.3yrs

Average board tenure


CEO

Matthew Keene (47yo)

1.3yrs

Tenure

0

Mr. Matthew E. Keene has been the President and Chief Executive Officer of CNB Corporation and its subsidiary Citizens National Bank of Cheboygan since April 1, 2018. Mr. Keene serves as a Director of CNB  ...


Board Age and Tenure

13.3yrs

Average Tenure

63.5yo

Average Age

The average tenure for the CNB board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Victoria Hand

    Secretary

    • Tenure: 0.0yrs
  • Jodie Borowicz

    VP & Treasurer

    • Tenure: 0.0yrs
  • Matthew Keene (47yo)

    President

    • Tenure: 1.3yrs

Board Members

  • Vince Hillesheim (68yo)

    Chairman & Lead Independent Director

    • Tenure: 13.3yrs
    • Compensation: US$18.25k
  • Susan Eno (64yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: US$212.86k
  • Thomas Ellenberger (68yo)

    Director

    • Tenure: 23.6yrs
    • Compensation: US$20.69k
  • Steven Baker (67yo)

    Director

    • Tenure: 19.6yrs
    • Compensation: US$17.48k
  • Kathleen Lieder (68yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: US$13.85k
  • R. Swadling (59yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: US$10.70k
  • Tom Redman (50yo)

    Director

    • Tenure: 6.6yrs
  • Rick Tromble (63yo)

    Director

    • Tenure: 6.3yrs
  • Chris Shepler (56yo)

    Director

    • Tenure: 5.3yrs
  • Matthew Keene (47yo)

    President

    • Tenure: 1.3yrs

Company Information

CNB Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CNB Corporation
  • Ticker: CNBZ
  • Exchange: OTCPK
  • Founded: 1985
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$24.543m
  • Shares outstanding: 1.21m
  • Website: https://www.cnbismybank.com

Location

  • CNB Corporation
  • 303 North Main Street
  • PO Box 10
  • Cheboygan
  • Michigan
  • 49721
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNBZOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 2004

Biography

CNB Corporation operates as the bank holding company for Citizens National Bank that provides various banking services to individuals, agricultural businesses, commercial businesses, and light industries i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:52
End of Day Share Price2019/08/20 00:00
Earnings2018/12/31
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.