OTCPK:CNNB

Stock Analysis Report

Executive Summary

Cincinnati Bancorp operates as the holding company for Cincinnati Federal that provides various banking and financial services to individual and corporate customers in the United States.

Snowflake

Fundamentals

Excellent balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.3%

CNNB

1.6%

US Mortgage

0.4%

US Market


1 Year Return

n/a

CNNB

15.2%

US Mortgage

6.9%

US Market

Return vs Industry: Insufficient data to determine how CNNB performed against the US Mortgage industry.

Return vs Market: Insufficient data to determine how CNNB performed against the US Market.


Shareholder returns

CNNBIndustryMarket
7 Day-0.3%1.6%0.4%
30 Day1.0%1.0%-1.2%
90 Dayn/a4.0%-0.4%
1 Yearn/a17.7%15.2%9.3%6.9%
3 Year73.6%73.6%41.2%31.8%45.8%36.4%
5 Yearn/a71.5%53.4%62.9%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

12.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CNNB ($15.8) is trading above our estimate of fair value ($2.18)

Significantly Undervalued: CNNB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CNNB is good value based on its PE Ratio (12.3x) compared to the Mortgage industry average (14.4x).

PE vs Market: CNNB is good value based on its PE Ratio (12.3x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CNNB is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

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

4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNNB's forecast earnings growth (4.8% per year) is above the savings rate (2.7%).

Earnings vs Market: CNNB's earnings (4.8% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

High Growth Revenue: Insufficient data to determine if CNNB'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 CNNB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Cincinnati Bancorp performed over the past 5 years?

57.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CNNB's earnings have grown significantly by 57.7% per year over the past 5 years.

Accelerating Growth: CNNB's earnings growth over the past year (164%) exceeds its 5-year average (57.7% per year).

Earnings vs Industry: CNNB earnings growth over the past year (164%) exceeded the Mortgage industry 31.5%.


Return on Equity

High ROE: CNNB's Return on Equity (9.6%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Cincinnati Bancorp'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: CNNB has a low level of unsold assets or inventory.

Debt Coverage by Assets: CNNB's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

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

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

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

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

Low Risk Deposits: CNNB has advanced significantly more loans than the customer deposits it holds.

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


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CNNB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CNNB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CNNB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CNNB's dividend payments have been increasing.


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: No need to calculate the sustainability of CNNB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Cincinnati Bancorp's salary, the management and board of directors tenure and is there insider trading?

15.8yrs

Average board tenure


CEO

Cincinnati Bancorp has no CEO, or we have no data on them.


Board Age and Tenure

15.8yrs

Average Tenure

59yo

Average Age

Experienced Board: CNNB's board of directors are seasoned and experienced ( 15.8 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

  • Joe Bunke (65yo)

    President

    • Tenure: 0yrs
    • Compensation: US$158.09k
  • Bob Bedinghaus (59yo)

    Executive Chairman of the Board

    • Tenure: 18.8yrs
    • Compensation: US$247.95k
  • John Schuler

    Senior Vice President

    • Tenure: 0yrs
  • Herb Brinkman (62yo)

    CFO & Treasurer

    • Tenure: 4.8yrs
    • Compensation: US$167.42k
  • Greg Meyers (62yo)

    Senior VP & Chief Lending Officer

    • Tenure: 0yrs
    • Compensation: US$181.27k
  • Harold Anness (65yo)

    Secretary & Director

    • Tenure: 19.8yrs
    • Compensation: US$33.00k

Board Members

  • Bob Bedinghaus (59yo)

    Executive Chairman of the Board

    • Tenure: 18.8yrs
    • Compensation: US$247.95k
  • Henry Dolive (74yo)

    Director Emeritus

    • Tenure: 0yrs
    • Compensation: US$33.00k
  • Harold Anness (65yo)

    Secretary & Director

    • Tenure: 19.8yrs
    • Compensation: US$33.00k
  • Stuart Anness (66yo)

    Director

    • Tenure: 16.8yrs
    • Compensation: US$33.00k
  • Andrew Nurre (51yo)

    Director

    • Tenure: 10.8yrs
    • Compensation: US$37.00k
  • Charles Skidmore (52yo)

    Director

    • Tenure: 14.8yrs
    • Compensation: US$33.00k
  • Philip Wehrman (56yo)

    Director

    • Tenure: 1yrs
    • Compensation: US$8.25k

Company Information

Cincinnati Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cincinnati Bancorp
  • Ticker: CNNB
  • Exchange: OTCPK
  • Founded: 1922
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$28.701m
  • Shares outstanding: 1.82m
  • Website: https://www.cincinnatifederal.com

Number of Employees


Location

  • Cincinnati Bancorp
  • 6581 Harrison Avenue
  • Cincinnati
  • Ohio
  • 45247
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNNBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2015

Biography

Cincinnati Bancorp operates as the holding company for Cincinnati Federal that provides various banking and financial services to individual and corporate customers in the United States. The company offers ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 00:47
End of Day Share Price2019/10/17 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.