Eastern Michigan Financial
Market Cap
US$31.3m
Last Updated
2019/10/20 23:43 UTC
Data Sources
Company Financials
Executive Summary
Eastern Michigan Financial Corporation operates as the bank holding company for Eastern Michigan Bank that provides retail and commercial banking services in Michigan.
Snowflake
Fundamentals
Excellent balance sheet and good value.
Share Price & News
How has Eastern Michigan Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0%
EFIN
2.7%
US Banks
0.5%
US Market
1 Year Return
6.1%
EFIN
2.9%
US Banks
6.8%
US Market
Return vs Industry: EFIN exceeded the US Banks industry which returned 2.9% over the past year.
Return vs Market: EFIN matched the US Market which returned 6.8% over the past year.
Shareholder returns
| EFIN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 2.7% | 0.5% |
| 30 Day | -1.9% | 1.1% | -0.8% |
| 90 Day | 0% | 2.7% | -0.9% |
| 1 Year | 9.9%6.1% | 5.8%2.9% | 9.2%6.8% |
| 3 Year | 46.4%33.3% | 52.0%41.5% | 45.6%36.2% |
| 5 Year | 93.4%65.1% | 69.2%50.7% | 63.2%45.4% |
Price Volatility Vs. Market
How volatile is Eastern Michigan Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Eastern Michigan Financial undervalued compared to its fair value and its price relative to the market?
6.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EFIN ($26) is trading below our estimate of fair value ($27.66)
Significantly Below Fair Value: EFIN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: EFIN is good value based on its PE Ratio (8.3x) compared to the Banks industry average (12.5x).
PE vs Market: EFIN is good value based on its PE Ratio (8.3x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EFIN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EFIN is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Eastern Michigan Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
5.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EFIN's forecast earnings growth (5.9% per year) is above the savings rate (2.7%).
Earnings vs Market: EFIN's earnings (5.9% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: EFIN's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if EFIN's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if EFIN'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 EFIN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Eastern Michigan Financial performed over the past 5 years?
14.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: EFIN's earnings have grown by 14.8% per year over the past 5 years.
Accelerating Growth: EFIN's earnings growth over the past year (38.7%) exceeds its 5-year average (14.8% per year).
Earnings vs Industry: EFIN earnings growth over the past year (38.7%) exceeded the Banks industry 29.7%.
Return on Equity
High ROE: EFIN's Return on Equity (10.1%) is considered low.
Return on Assets
ROA vs Industry: EFIN's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate EFIN's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Eastern Michigan Financial'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: EFIN has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if EFIN's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: EFIN's level of assets compared to its equity is low.
Allowance for Bad Loans: EFIN has a low allowance for bad loans.
Low Risk Liabilities: EFIN's liabilities are made up of primarily low risk sources of funding.
Loan Level: EFIN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: EFIN's loans are broadly funded by customer deposits.
Level of Bad Loans: EFIN has an appropriate level of bad loans (0.92%)
Next Steps
Dividend
What is Eastern Michigan Financial's current dividend yield, its reliability and sustainability?
3.12%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: EFIN's dividend (3.12%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: EFIN's dividend (3.12%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stable Dividend: EFIN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: EFIN's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.6%), EFIN'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 Eastern Michigan Financial's salary, the management and board of directors tenure and is there insider trading?
6.5yrs
Average board tenure
CEO
Tim Ward 0
4.8yrs
Tenure
Mr. Timothy M. Ward serves as the Chief Executive Officer and Vice Chairman of Eastern Michigan Financial Corporation and Eastern Michigan Bank. Mr. Ward served as President of Eastern Michigan Financial C ...
Board Age and Tenure
6.5yrs
Average Tenure
Experienced Board: EFIN's board of directors are considered experienced (6.5 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
Will Oldford (54yo)
President & Director
- Tenure: 3.9yrs
Tim Ward
Vice Chairman & CEO
- Tenure: 4.8yrs
Errin McMillan
VP & CFO
- Tenure: 0yrs
Board Members
Will Oldford (54yo)
President & Director
- Tenure: 3.9yrs
Earl DesJardins
Chairman
- Tenure: 0yrs
Bradley Apsey
Director
- Tenure: 0yrs
Karen Flanagan
Director
- Tenure: 0yrs
Tim Ward
Vice Chairman & CEO
- Tenure: 4.8yrs
John Williams
Director
- Tenure: 17.8yrs
Patricia Ryan
Director
- Tenure: 0yrs
Kathlene Partaka
Director
- Tenure: 0yrs
Donna Niester
Director
- Tenure: 0yrs
Company Information
Eastern Michigan Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Eastern Michigan Financial Corporation
- Ticker: EFIN
- Exchange: OTCPK
- Founded: 1895
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$31.292m
- Shares outstanding: 1.20m
- Website: https://www.easternmichiganbank.com
Location
- Eastern Michigan Financial Corporation
- 65 North Howard Avenue
- Croswell
- Michigan
- 48422
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EFIN | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Mar 2003 |
Biography
Eastern Michigan Financial Corporation operates as the bank holding company for Eastern Michigan Bank that provides retail and commercial banking services in Michigan. The company offers checking, savings, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/20 23:43 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.