OTCPK:CSBB

Stock Analysis Report

Executive Summary

CSB Bancorp, Inc. operates as the bank holding company for The Commercial and Savings Bank of Millersburg that provides a range of banking, trust, financial, and brokerage services to corporate, institutional, and individual customers in Northeast Ohio.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.6%

CSBB

2.9%

US Banks

0.07%

US Market


1 Year Return

-3.6%

CSBB

8.6%

US Banks

8.9%

US Market

Return vs Industry: CSBB underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: CSBB underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

CSBBIndustryMarket
7 Day0.6%2.9%0.07%
30 Day1.7%3.4%-0.3%
90 Day-4.0%2.1%-1.6%
1 Year-1.0%-3.6%11.8%8.6%11.3%8.9%
3 Year52.0%40.4%54.8%44.1%46.3%36.8%
5 Year114.7%86.0%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

10.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CSBB ($40) is trading above our estimate of fair value ($37.83)

Significantly Below Fair Value: CSBB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CSBB is good value based on its PE Ratio (10.9x) compared to the Banks industry average (12.6x).

PE vs Market: CSBB is good value based on its PE Ratio (10.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CSBB is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

1.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSBB's forecast earnings growth (1.4% per year) is below the savings rate (2.7%).

Earnings vs Market: CSBB's earnings (1.4% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has CSB Bancorp performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CSBB's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: CSBB's earnings growth over the past year (23.6%) exceeds its 5-year average (12% per year).

Earnings vs Industry: CSBB earnings growth over the past year (23.6%) underperformed the Banks industry 29.7%.


Return on Equity

High ROE: CSBB's Return on Equity (12.3%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is CSB 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: CSBB has a low level of unsold assets or inventory.

Debt Coverage by Assets: CSBB's debt is covered by short term assets (assets are 1.413930x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: CSBB has an appropriate level of bad loans (0.82%)


Next Steps

Dividend

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

2.80%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CSBB's dividend (2.8%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: CSBB's dividend (2.8%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.8%), CSBB'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 CSB Bancorp's salary, the management and board of directors tenure and is there insider trading?

15.2yrs

Average management tenure


CEO

Eddie Steiner (63yo)

13.5yrs

Tenure

US$329,106

Compensation

Mr. Eddie L. Steiner serves as Director at Federal Reserve Bank of Cleveland. Mr. Steiner has served as a Director of CSB Bancorp, Inc. (the “Company”) since 2001 and became the Company's President and Chi ...


CEO Compensation Analysis

Compensation vs. Market: Eddie's total compensation ($USD329.11K) is below average for companies of similar size in the US market ($USD509.30K).

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


Management Age and Tenure

15.2yrs

Average Tenure

51yo

Average Age

Experienced Management: CSBB's management team is seasoned and experienced (15.2 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

63yo

Average Age

Experienced Board: CSBB's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

Insider Buying: CSBB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$3,32006 Sep 19
Eddie Steiner
EntityIndividual
Role
Chief Executive Officer
President
Shares83
Max PriceUS$40.00
BuyUS$20,00027 Aug 19
Eddie Steiner
EntityIndividual
Role
Chief Executive Officer
President
Shares500
Max PriceUS$40.00
BuyUS$12,04514 Aug 19
Julian Coblentz
EntityIndividual
Role
Member of the Board of Directors
Director
Shares300
Max PriceUS$40.15
BuyUS$12,00012 Aug 19
Robert Baker
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares300
Max PriceUS$40.00
BuyUS$2,10030 Jul 19
Cheryl Kirkbride
EntityIndividual
Role
Member of the Board of Directors
Director
Shares50
Max PriceUS$42.00
BuyUS$2,92020 Jun 19
Eddie Steiner
EntityIndividual
Role
Chief Executive Officer
President
Shares73
Max PriceUS$40.00
BuyUS$15,80031 May 19
Robert Baker
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares400
Max PriceUS$39.50
BuyUS$12,00030 May 19
Julian Coblentz
EntityIndividual
Role
Member of the Board of Directors
Director
Shares300
Max PriceUS$40.00
BuyUS$13,69507 May 19
Vikki Briggs
EntityIndividual
Role
Member of the Board of Directors
Director
Shares332
Max PriceUS$41.25
BuyUS$14,88203 May 19
Vikki Briggs
EntityIndividual
Role
Member of the Board of Directors
Director
Shares364
Max PriceUS$41.25
BuyUS$1,92528 Feb 19
Cheryl Kirkbride
EntityIndividual
Role
Member of the Board of Directors
Director
Shares50
Max PriceUS$38.50
BuyUS$3,46528 Feb 19
Cheryl Kirkbride
EntityIndividual
Role
Member of the Board of Directors
Director
Shares90
Max PriceUS$38.50
BuyUS$3,73328 Feb 19
Robert Baker
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares100
Max PriceUS$37.33
BuyUS$7,60027 Feb 19
Julian Coblentz
EntityIndividual
Role
Member of the Board of Directors
Director
Shares200
Max PriceUS$38.00
BuyUS$28225 Feb 19
Brett Gallion
EntityIndividual
Role
Chief Operating Officer
Senior VP
Shares7
Max PriceUS$40.30
BuyUS$32,81306 Feb 19
Eddie Steiner
EntityIndividual
Role
Chief Executive Officer
President
Shares850
Max PriceUS$38.85
BuyUS$2,02017 Dec 18
Jeffery Robb
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares50
Max PriceUS$40.40
BuyUS$8107 Dec 18
Brett Gallion
EntityIndividual
Role
Chief Operating Officer
Senior VP
Shares2
Max PriceUS$40.25
BuyUS$12,09030 Nov 18
Robert Baker
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares300
Max PriceUS$40.30
BuyUS$9,22528 Nov 18
Vikki Briggs
EntityIndividual
Role
Member of the Board of Directors
Director
Shares225
Max PriceUS$41.00
BuyUS$1,02526 Nov 18
Vikki Briggs
EntityIndividual
Role
Member of the Board of Directors
Director
Shares25
Max PriceUS$41.00
BuyUS$1,06330 Oct 18
Brett Gallion
EntityIndividual
Role
Chief Operating Officer
Senior VP
Shares25
Max PriceUS$42.50
BuyUS$4,15029 Oct 18
Jeffery Robb
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares100
Max PriceUS$41.50
BuyUS$13,09729 Oct 18
Julian Coblentz
EntityIndividual
Role
Member of the Board of Directors
Director
Shares316
Max PriceUS$41.50

Ownership Breakdown


Management Team

  • Stephen Kilpatrick

    First VP & Senior Credit Officer

    • Tenure: 0yrs
  • Paula Meiler (64yo)

    Senior VP & CFO

    • Tenure: 15.2yrs
    • Compensation: US$216.78k
  • Andrea Miley (44yo)

    Senior VP & Senior Risk Officer

    • Tenure: 0yrs
  • Pamela Basinger (48yo)

    VP, Financial Officer & Treasurer

    • Tenure: 0yrs
  • Peggy Conn (54yo)

    Corporate Secretary

    • Tenure: 18.8yrs
  • Eddie Steiner (63yo)

    President

    • Tenure: 13.5yrs
    • Compensation: US$329.11k
  • Bud Stebbins

    Senior VP & Senior Loan Officer

    • Tenure: 0yrs
  • Julie Jones

    VP & Director of Human Resources

    • Tenure: 0yrs
  • Brett Gallion (32yo)

    Senior VP

    • Tenure: 0yrs
    • Compensation: US$183.75k
  • Stephen Karapasha

    Compliance Officer

    • Tenure: 0yrs

Board Members

  • Roc Baker (64yo)

    Chairman of the Board

    • Tenure: 3.5yrs
  • Tom Lang (75yo)

    Independent Director

    • Tenure: 26.8yrs
  • Jeff Robb (69yo)

    Independent Director

    • Tenure: 18.8yrs
  • Eddie Steiner (63yo)

    President

    • Tenure: 13.5yrs
    • Compensation: US$329.11k
  • Julian Coblentz (40yo)

    Director

    • Tenure: 4.5yrs
  • Vikki Briggs (47yo)

    Director

    • Tenure: 1.8yrs
  • Cheryl Kirkbride (49yo)

    Director

    • Tenure: 1.8yrs

Company Information

CSB Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CSB Bancorp, Inc.
  • Ticker: CSBB
  • Exchange: OTCPK
  • Founded: 1879
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$109.694m
  • Shares outstanding: 2.74m
  • Website: https://www.csb1.com

Number of Employees


Location

  • CSB Bancorp, Inc.
  • 91 North Clay Street
  • PO Box 232
  • Millersburg
  • Ohio
  • 44654
  • United States

Listings

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

Biography

CSB Bancorp, Inc. operates as the bank holding company for The Commercial and Savings Bank of Millersburg that provides a range of banking, trust, financial, and brokerage services to corporate, institutio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:32
End of Day Share Price2019/10/22 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.