OTCPK:FCBI

Stock Analysis Report

Frederick County Bancorp

Executive Summary

Frederick County Bancorp, Inc. operates as the holding company for Frederick County Bank that provides various banking services to individuals and commercial enterprises in the Frederick County, Maryland.

Snowflake

Fundamentals

Excellent balance sheet with concerning outlook.

Risks

  • Frederick County Bancorp has significant price volatility in the past 3 months.
  • Frederick County Bancorp is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:FCBI

2.4%

US Banks

2.9%

US Market


1 Year Return

7.8%

OTCPK:FCBI

-14.8%

US Banks

0.2%

US Market

FCBI outperformed the Banks industry which returned -15.3% over the past year.

FCBI outperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

FCBIIndustryMarket
7 Day0%2.4%2.9%
30 Day-4.5%-6.3%-2.3%
90 Day42.3%-2.1%3.1%
1 Year9.0%7.8%-12.4%-14.8%2.4%0.2%
3 Year62.5%56.8%41.7%32.0%41.7%32.4%
5 Year87.1%76.0%52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Frederick County Bancorp undervalued based on future cash flows and its price relative to the stock market?

23.34x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Frederick County Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Frederick County Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Frederick County Bancorp is overvalued based on earnings compared to the US Banks industry average.

Frederick County Bancorp is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Frederick County Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

Frederick County Bancorp is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Frederick County Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Frederick County Bancorp is high growth as no revenue estimate data is available.

Frederick County Bancorp's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).

Unable to compare Frederick County Bancorp's revenue growth to the United States of America market average as no estimate data is available.

Frederick County Bancorp's earnings growth is positive but not above the United States of America market average.

Frederick County Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Frederick County Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Frederick County Bancorp performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Frederick County Bancorp's year on year earnings growth rate has been positive over the past 5 years.

Frederick County Bancorp's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Frederick County Bancorp's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Frederick County Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Frederick County Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Frederick County Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Frederick County 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

Information is not available.

Information is not available.


Financial Institutions Analysis

Frederick County Bancorp has an acceptable proportion of non-loan assets held.

Frederick County Bancorp has a low allowance for bad loans.

Frederick County Bancorp's liabilities are made up of primarily low risk sources of funding.

Frederick County Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Frederick County Bancorp are broadly funded by customer deposits.

Frederick County Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

0.93%

Current Dividend Yield


Dividend Yield and Payments Analysis

Frederick County Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Frederick County Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Whilst dividend payments have been stable, Frederick County Bancorp has been paying a dividend for less than 10 years.

Dividend payments have increased, but Frederick County Bancorp only paid a dividend in the past 7 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Frederick County Bancorp's salary, the management and board of directors tenure and is there insider trading?

7.2yrs

Average board tenure


CEO

Bill Talley (64yo)

1.6yrs

Tenure

US$256,215

Compensation

Mr. William R. Talley, Jr., also known as Bill, is President and Chief Executive Officer of Frederick County Bancorp, Inc. and Frederick County Bank since 2018. He was the Chief Operating Officer at Freder ...


CEO Compensation Analysis

Insufficient data for Bill to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Bill's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

7.2yrs

Average Tenure

68.5yo

Average Age

The tenure for the Frederick County Bancorp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Bill Talley (64yo)

    President & CEO

    • Tenure: 1.6yrs
    • Compensation: US$256.22k
  • Raymond Raedy (78yo)

    Chairman & Secretary

    • Tenure: 7.2yrs
    • Compensation: US$34.50k
  • Crystal Wiles

    CFO, Senior VP & Controller

    • Tenure: 0.0yrs
  • Jay House

    Executive VP & COO of Frederick County Bank

    • Tenure: 0.0yrs
  • Lori Cromwell

    • Tenure: 0.0yrs
  • Richard Davies

    • Tenure: 0.0yrs
  • Clark Briggs

    • Tenure: 0.0yrs
  • Denise Guyton-Boyer

    Senior Vice President of Frederick County Bank

    • Tenure: 0.0yrs
  • Cathy Alexander

    Senior VP of Retail Integration & Chief Marketing Officer - Frederick County Bank

    • Tenure: 0.0yrs
  • Harry Weetenkamp

    Senior VP & Chief Lending Officer of Frederick County Bank

    • Tenure: 0.0yrs

Board Members

  • Raymond Raedy (78yo)

    Chairman & Secretary

    • Tenure: 7.2yrs
    • Compensation: US$34.50k
  • Farhad Memarsadeghi (73yo)

    Director

    • Tenure: 16.6yrs
    • Compensation: US$13.80k
  • John Burdette (91yo)

    Chairman Emeritus

    • Tenure: 7.2yrs
    • Compensation: US$11.90k
  • Emil Bennett (72yo)

    Director

    • Tenure: 17.6yrs
    • Compensation: US$13.60k
  • Denny Crum (73yo)

    Vice Chairman of the Board

    • Tenure: 0.0yrs
    • Compensation: US$24.50k
  • Nick Damoulakis (42yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: US$11.90k
  • Karlys Kline (64yo)

    Director

    • Tenure: 5.6yrs
    • Compensation: US$13.00k
  • Bob Carmack (65yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$11.20k
  • Ellis Barber (64yo)

    Director

    • Tenure: 7.1yrs
    • Compensation: US$10.30k
  • Kim Chaney (57yo)

    Director

    • Tenure: 5.9yrs
    • Compensation: US$12.10k

Company Information

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


Key Information

  • Name: Frederick County Bancorp, Inc.
  • Ticker: FCBI
  • Exchange: OTCPK
  • Founded: 2001
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$54.923m
  • Shares outstanding: 1.59m
  • Website: https://www.fcbmd.com

Number of Employees


Location

  • Frederick County Bancorp, Inc.
  • 9 North Market Street
  • Frederick
  • Maryland
  • 21701
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCBIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2001

Biography

Frederick County Bancorp, Inc. operates as the holding company for Frederick County Bank that provides various banking services to individuals and commercial enterprises in the Frederick County, Maryland.  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:38
End of Day Share Price2019/08/14 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.