OTCPK:FBTT

Stock Analysis Report

First Bankers Trustshares

Executive Summary

First Bankers Trustshares, Inc. operates as the bank holding company for First Bankers Trust Company, N.A.

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.

Share Price & News

How has First Bankers Trustshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

FBTT

2.9%

US Banks

0.07%

US Market


1 Year Return

-15.4%

FBTT

8.6%

US Banks

8.9%

US Market

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

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


Shareholder returns

FBTTIndustryMarket
7 Day-0.8%2.9%0.07%
30 Day-0.8%3.4%-0.3%
90 Day-2.5%2.1%-1.6%
1 Year-13.7%-15.4%11.8%8.6%11.3%8.9%
3 Year18.6%12.0%54.8%44.1%46.3%36.8%
5 Year50.0%36.0%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is First Bankers Trustshares undervalued compared to its fair value and its price relative to the market?

11.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FBTT ($30.25) is trading above our estimate of fair value ($29.62)

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


Price To Earnings Ratio

PE vs Industry: FBTT is good value based on its PE Ratio (11.1x) compared to the Banks industry average (12.6x).

PE vs Market: FBTT is good value based on its PE Ratio (11.1x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FBTT is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

7.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBTT's forecast earnings growth (7.2% per year) is above the savings rate (2.7%).

Earnings vs Market: FBTT's earnings (7.2% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

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


Next Steps

Past Performance

How has First Bankers Trustshares performed over the past 5 years?

1.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FBTT's earnings have grown by 1.3% per year over the past 5 years.

Accelerating Growth: FBTT's earnings growth over the past year (7.9%) exceeds its 5-year average (1.3% per year).

Earnings vs Industry: FBTT earnings growth over the past year (7.9%) underperformed the Banks industry 29.7%.


Return on Equity

High ROE: FBTT's Return on Equity (8.8%) is considered low.


Return on Assets

ROA vs Industry: FBTT'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 FBTT's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is First Bankers Trustshares'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: FBTT has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: FBTT has a high level of bad loans (3.94%)


Next Steps

Dividend

What is First Bankers Trustshares's current dividend yield, its reliability and sustainability?

2.11%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FBTT's dividend (2.12%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: FBTT's dividend (2.12%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23%), FBTT'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 First Bankers Trustshares's salary, the management and board of directors tenure and is there insider trading?

13.6yrs

Average board tenure


CEO

Allen Shafer (57yo)

3.4yrs

Tenure

0

Mr. Allen W. Shafer has been the Chief Executive Officer and President at First Bankers Trustshares, Inc. since July 22, 2016 and First Bankers Trust Company, N.A. since April 07, 2016. He serves as a Dire ...


Board Age and Tenure

13.6yrs

Average Tenure

66yo

Average Age

Experienced Board: FBTT's board of directors are seasoned and experienced ( 13.6 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

  • Steven Siebers (64yo)

    Secretary & Director

    • Tenure: 31.8yrs
  • Linda Tossick

    Vice President of First Bankers Trust Company NA and Controller of First Bankers Trust Company NA

    • Tenure: 0yrs
  • Deborah Staff

    Senior Trust Officer of First Bankers Trust Services Inc

    • Tenure: 0yrs
  • Hugh Roderick

    Vice President of First Bankers Trust Company NA

    • Tenure: 0yrs
  • Dave Rakers (58yo)

    Regional President of West Region - First Bankers Trust Company NA

    • Tenure: 0yrs
    • Compensation: US$137.77k
  • Marvin Rabe

    Vice President of First Bankers Trust Company NA

    • Tenure: 0yrs
  • Jim Obert

    Vice President of First Bankers Trust Company NA

    • Tenure: 0yrs
  • Kathy McNay

    Vice President of First Bankers Trust Company NA

    • Tenure: 0yrs
  • Brian Ippensen (50yo)

    Treasurer

    • Tenure: 0yrs
    • Compensation: US$182.56k
  • Allen Shafer (57yo)

    President

    • Tenure: 3.4yrs

Board Members

  • David Connor

    Chairman Emeritus

    • Tenure: 0yrs
  • Scott Cisel (65yo)

    Director

    • Tenure: 7.4yrs
  • Don Gnuse (85yo)

    Chairman Emeritus

    • Tenure: 0yrs
    • Compensation: US$191.72k
  • Bill Daniels (70yo)

    Chairman

    • Tenure: 1.4yrs
  • Carl Adams (71yo)

    Director

    • Tenure: 19.8yrs
  • Mark Freiburg (66yo)

    Independent Director

    • Tenure: 19.8yrs
  • Phyllis Hofmeister (80yo)

    Independent Director

    • Tenure: 19.8yrs
  • Steven Siebers (64yo)

    Secretary & Director

    • Tenure: 31.8yrs
  • Allen Shafer (57yo)

    President

    • Tenure: 3.4yrs
  • Chuck Gnuse (52yo)

    Director

    • Tenure: 1.4yrs

Company Information

First Bankers Trustshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Bankers Trustshares, Inc.
  • Ticker: FBTT
  • Exchange: OTCPK
  • Founded: 1946
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$93.466m
  • Shares outstanding: 3.09m
  • Website: https://www.firstbankers.com

Number of Employees


Location

  • First Bankers Trustshares, Inc.
  • 1201 Broadway
  • PO Box 3566
  • Quincy
  • Illinois
  • 62305
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FBTTOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 1994

Biography

First Bankers Trustshares, Inc. operates as the bank holding company for First Bankers Trust Company, N.A. that provides various financial products and services to retail, institutional, and corporate cust ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:36
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.