OTCPK:DIMC

Stock Analysis Report

Executive Summary

Dimeco, Inc. operates as a bank holding company for The Dime Bank that provides various financial services and solutions to individuals and businesses in the United States.

Snowflake

Fundamentals

Proven track record with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.2%

DIMC

2.7%

US Banks

0.4%

US Market


1 Year Return

2.3%

DIMC

2.7%

US Banks

6.9%

US Market

Return vs Industry: DIMC matched the US Banks industry which returned 2.7% over the past year.

Return vs Market: DIMC underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

DIMCIndustryMarket
7 Day-0.2%2.7%0.4%
30 Day1.4%0.2%-1.2%
90 Day3.1%2.9%-0.4%
1 Year5.4%2.3%5.7%2.7%9.3%6.9%
3 Year71.9%56.9%52.1%41.6%45.8%36.4%
5 Year92.7%62.7%69.2%50.7%62.9%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

12.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: DIMC ($43.4) is trading above our estimate of fair value ($32.94)

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


Price To Earnings Ratio

PE vs Industry: DIMC is good value based on its PE Ratio (12.2x) compared to the Banks industry average (12.6x).

PE vs Market: DIMC is good value based on its PE Ratio (12.2x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Next Steps

Future Growth

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

3.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DIMC's forecast earnings growth (3.6% per year) is above the savings rate (2.7%).

Earnings vs Market: DIMC's earnings (3.6% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

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


Next Steps

Past Performance

How has Dimeco performed over the past 5 years?

9.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DIMC's earnings have grown by 9.6% per year over the past 5 years.

Accelerating Growth: DIMC's earnings growth over the past year (54.2%) exceeds its 5-year average (9.6% per year).

Earnings vs Industry: DIMC earnings growth over the past year (54.2%) exceeded the Banks industry 29.6%.


Return on Equity

High ROE: DIMC's Return on Equity (10.4%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Dimeco'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: DIMC has a low level of unsold assets or inventory.

Debt Coverage by Assets: DIMC's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

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

Allowance for Bad Loans: DIMC has a low allowance for bad loans.

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

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

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

Level of Bad Loans: DIMC has a high level of bad loans (3.7%)


Next Steps

Dividend

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

2.76%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: DIMC's dividend (2.76%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: DIMC's dividend (2.76%) is low compared to the top 25% of dividend payers in the US market (3.73%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.3%), DIMC'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 Dimeco's salary, the management and board of directors tenure and is there insider trading?

18.8yrs

Average management tenure


CEO

Gary Beilman (64yo)

17.8yrs

Tenure

0

Mr. Gary C. Beilman is the President, Chief Executive Officer and Director of Dimeco, Inc. He also serves as President & Director at Dime Bank. Mr. Beilman was appointed President and Director in January 2 ...


CEO Compensation Analysis

Compensation vs. Market: Gary's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD491.38K).

Compensation vs Earnings: Insufficient data to compare Gary's compensation with company performance.


Management Age and Tenure

18.8yrs

Average Tenure

61yo

Average Age

Experienced Management: DIMC's management team is seasoned and experienced (18.8 years average tenure).


Board Age and Tenure

14.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: DIMC's board of directors are seasoned and experienced ( 14.8 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

  • William Boyle (59yo)

    Senior VP & Chief Credit Officer of Dime Bank

    • Tenure: 0yrs
  • John Kiesendahl (72yo)

    Chairman of the Board

    • Tenure: 5.6yrs
    • Compensation: US$33.00k
  • Jack Spall (72yo)

    Secretary & Director

    • Tenure: 20.8yrs
    • Compensation: US$33.00k
  • Lisa Cavage (55yo)

    Senior VP

    • Tenure: 0yrs
  • Gary Beilman (64yo)

    President

    • Tenure: 17.8yrs
  • Maureen Beilman (63yo)

    Senior VP

    • Tenure: 20.8yrs
    • Compensation: US$105.14k
  • Peter Bochnovich (57yo)

    Executive Vice President

    • Tenure: 18.8yrs
    • Compensation: US$90.77k
  • Todd Stephens (49yo)

    Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$33.00k
  • L. George

    Senior VP of Human Resources & Assistant Secretary - The Dime Bank

    • Tenure: 0yrs

Board Members

  • John Kiesendahl (72yo)

    Chairman of the Board

    • Tenure: 5.6yrs
    • Compensation: US$33.00k
  • Jack Spall (72yo)

    Secretary & Director

    • Tenure: 20.8yrs
    • Compensation: US$33.00k
  • Tom Peifer (76yo)

    Independent Director

    • Tenure: 26.8yrs
    • Compensation: US$33.00k
  • Gary Beilman (64yo)

    President

    • Tenure: 17.8yrs
  • Barbara Genzlinger (67yo)

    Independent Director

    • Tenure: 21.8yrs
    • Compensation: US$33.00k
  • Henry Skier (78yo)

    Independent Director

    • Tenure: 26.8yrs
    • Compensation: US$33.00k
  • Todd Stephens (49yo)

    Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$33.00k
  • David Reynolds (55yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$33.00k
  • Greg Frigoletto (49yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$33.00k
  • Brian Kelly (48yo)

    Director

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

Company Information

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


Key Information

  • Name: Dimeco, Inc.
  • Ticker: DIMC
  • Exchange: OTCPK
  • Founded: 1905
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$109.368m
  • Shares outstanding: 2.52m
  • Website: https://www.thedimebank.com

Number of Employees


Location

  • Dimeco, Inc.
  • 820 Church Street
  • PO Box 509
  • Honesdale
  • Pennsylvania
  • 18431
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DIMCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDAug 1994

Biography

Dimeco, Inc. operates as a bank holding company for The Dime Bank that provides various financial services and solutions to individuals and businesses in the United States. The company accepts various depo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:34
End of Day Share Price2019/10/14 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.