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CNND

Canandaigua NationalOTCPK:CNND Stock Report

Market Cap

US$404.0m

7D

7.5%

1Y

14.4%

Updated

19 Oct, 2021

Data

Company Financials
CNND fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends5/6

CNND Overview

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

Sterling Bancorp

NYSE:STL

US$5.0b

United Bankshares

NasdaqGS:UBSI

US$4.7b

F.N.B

NYSE:FNB

US$3.9b

Texas Capital Bancshares

NasdaqGS:TCBI

US$3.1b

Price History & Performance

Summary of all time highs, changes and price drops for Canandaigua National
Historical stock prices
Current Share PriceUS$215.00
52 Week HighUS$176.01
52 Week LowUS$310.00
Beta0.37
1 Month Change-21.10%
3 Month Change-14.00%
1 Year Change14.37%
3 Year Change16.85%
5 Year Change55.80%
Change since IPO359.89%

Recent News & Updates

Shareholder Returns

CNNDUS BanksUS Market
7D7.5%3.1%4.0%
1Y14.4%76.4%30.5%

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.

Price Volatility

Is CNND's price volatile compared to industry and market?
CNND volatility
CNND Beta0.37
Industry Beta1.32
Market Beta1

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

FoundedEmployeesCEOWebsite
1984549Frank Hamlinhttps://www.cnbank.com

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

How do Canandaigua National's earnings and revenue compare to its market cap?
CNND fundamental statistics
Market CapUS$403.99m
Earnings (TTM)US$46.63m
Revenue (TTM)US$163.85m

8.7x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNND income statement (TTM)
RevenueUS$163.85m
Cost of RevenueUS$0
Gross ProfitUS$163.85m
ExpensesUS$117.22m
EarningsUS$46.63m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)24.81
Gross Margin100.00%
Net Profit Margin28.46%
Debt/Equity Ratio97.5%

How did CNND perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is Canandaigua National undervalued compared to its fair value and its price relative to the market?

43.5%

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).


Future Growth

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

-1.1%

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.


Past Performance

How has Canandaigua National performed over the past 5 years?

16.3%

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.


Financial Health

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


Balance Sheet


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%).


Dividend

What is Canandaigua National current dividend yield, its reliability and sustainability?

3.72%

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.


Next Steps

Management

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

8.6yrs

Average management tenure


CEO

Frank Hamlin (49 yo)

8.58yrs

Tenure

US$63,600

Compensation

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...


Leadership Team

Experienced Management: CNND's management team is seasoned and experienced (8.6 years average tenure).


Board Members

Experienced Board: CNND's board of directors are seasoned and experienced ( 10.8 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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Canandaigua National Corporation's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Canandaigua National Corporation
  • 72 South Main Street
  • Canandaigua
  • New York
  • 14424
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 22:06
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.