Canandaigua National Corporation operates as the bank holding company for The Canandaigua National Bank and Trust Company that provides various banking and financial services.
Canandaigua National Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$215.00|
|52 Week High||US$176.01|
|52 Week Low||US$310.00|
|1 Month Change||-21.10%|
|3 Month Change||-14.00%|
|1 Year Change||14.37%|
|3 Year Change||16.85%|
|5 Year Change||55.80%|
|Change since IPO||359.89%|
Recent News & Updates
|CNND||US Banks||US Market|
Return vs Industry: CNND underperformed the US Banks industry which returned 77.5% over the past year.
Return vs Market: CNND underperformed the US Market which returned 30% over the past year.
Stable Share Price: Insufficient data to determine CNND's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine CNND's volatility change over the past year.
About the Company
Canandaigua National Corporation operates as the bank holding company for The Canandaigua National Bank and Trust Company that provides various banking and financial services. The company accepts checking accounts, savings bonds and accounts, certificates of deposit, government banking accounts, and money market accounts, as well as debit and credit cards. Its loan portfolio includes mortgages, automobile loans, recreational vehicle loans, personal/debt consolidation, home equity loans, home improvement loans, term loans, construction and renovation loans, letters of credit, lines of credit, and international trade products.
Canandaigua National Fundamentals Summary
|CNND fundamental statistics|
Is CNND overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CNND income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||24.81|
|Net Profit Margin||28.46%|
How did CNND perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
Is Canandaigua National undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CNND ($215) is trading below our estimate of fair value ($380.83)
Significantly Below Fair Value: CNND is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CNND is good value based on its PE Ratio (8.7x) compared to the US Banks industry average (11.3x).
PE vs Market: CNND is good value based on its PE Ratio (8.7x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CNND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CNND is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).
How is Canandaigua National forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Canandaigua National 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.
How has Canandaigua National performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNND has high quality earnings.
Growing Profit Margin: CNND's current net profit margins (28.5%) are higher than last year (25.9%).
Past Earnings Growth Analysis
Earnings Trend: CNND's earnings have grown by 16.3% per year over the past 5 years.
Accelerating Growth: CNND's earnings growth over the past year (20.9%) exceeds its 5-year average (16.3% per year).
Earnings vs Industry: CNND earnings growth over the past year (20.9%) underperformed the Banks industry 36%.
Return on Equity
High ROE: CNND's Return on Equity (15%) is considered low.
How is Canandaigua National's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: CNND's Assets to Equity ratio (12.7x) is moderate.
Allowance for Bad Loans: CNND has a sufficient allowance for bad loans (115%).
Low Risk Liabilities: 90% of CNND's liabilities are made up of primarily low risk sources of funding.
Loan Level: CNND has an appropriate level of Loans to Assets ratio (79%).
Low Risk Deposits: CNND's Loans to Deposits ratio (95%) is appropriate.
Level of Bad Loans: CNND has an appropriate level of bad loans (0.9%).
What is Canandaigua National current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CNND's dividend (3.72%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: CNND's dividend (3.72%) is in the top 25% of dividend payers in the US market (3.49%)
Stability and Growth of Payments
Stable Dividend: CNND's dividends per share have been stable in the past 10 years.
Growing Dividend: CNND's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.1%), CNND'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Frank Hamlin (49 yo)
Mr. Frank H. Hamlin, III, JD, has been the Chief Executive Officer at Canandaigua National Corporation since March 29, 2013 and has been its President since January 1, 2011. He serves as the Chairman of th...
Experienced Management: CNND's management team is seasoned and experienced (8.6 years average tenure).
Experienced Board: CNND's board of directors are seasoned and experienced ( 10.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Canandaigua National Corporation's employee growth, exchange listings and data sources
- Name: Canandaigua National Corporation
- Ticker: CNND
- Exchange: OTCPK
- Founded: 1984
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$403.985m
- Shares outstanding: 1.88m
- Website: https://www.cnbank.com
Number of Employees
- Canandaigua National Corporation
- 72 South Main Street
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 22:06|
|End of Day Share Price||2021/10/18 00:00|
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.