OTCPK:FIIT

Stock Analysis Report

Executive Summary

First Security, Inc. operates as a holding company for First Security Bank, Inc.

Snowflake

Fundamentals

Unattractive dividend payer with poor track record.

Risks

  • First Security is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-5.5%

OTCPK:FIIT

-1.8%

US Banks

-1.6%

US Market


1 Year Return

42.0%

OTCPK:FIIT

-16.1%

US Banks

-3.0%

US Market


Share holder returns

FIITIndustryMarket
7 Day-5.5%-1.8%-1.6%
30 Day-8.4%-10.1%-5.7%
90 Day-6.2%-5.0%0.2%
1 Year45.4%42.0%-13.7%-16.1%-0.8%-3.0%
3 Year72.7%60.8%37.9%28.5%38.1%29.1%
5 Yearn/a49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is First Security undervalued based on future cash flows and its price relative to the stock market?

39.98x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

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

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


Price Based on Earnings

First Security is overvalued based on earnings compared to the US Banks industry average.

First Security is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for First Security, we can't assess if its growth is good value.


Price Based on Value of Assets

Unable to compare the PB ratio to the industry average as no data exists.


Next Steps

Future Growth

How is First Security expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.8%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Security has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of FIIT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access First Security's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has First Security performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Security's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

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

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


Return on Equity

Unable to establish if First Security has efficiently used shareholders’ funds last year as no Return on Equity data is available.


Return on Assets

Unable to establish if First Security has efficiently used its assets last year compared to the US Banks industry average (Return on Assets) as past financial data has not been reported.


Return on Capital Employed

Unable to establish if First Security 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 First Security's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse First Security's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. First Security has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of FIIT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when First Security's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

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

1.80%

Current Dividend Yield


Dividend Yield and Payments Analysis

First Security's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.36%).

First Security's dividend is below the markets top 25% of dividend payers in United States of America (3.52%).

It is too early to tell whether First Security has stable dividend payments.

First Security only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x 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 First Security's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average board tenure


CEO

Michael Beckwith 0

2.8yrs

Tenure

0

Mr. Michael F. Beckwith, also known as Mike, has been the Chief Executive Officer and President of First Security Inc KY and First Security Bank, Inc. since January 1, 2016. Mr. Beckwith has been the Chief ...


Board Age and Tenure

2.1yrs

Average Tenure

60.5yo

Average Age

The average tenure for the First Security board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Michael Beckwith

    CEO, President & Director

    • Tenure: 2.8yrs
  • Sarah Howard (38yo)

    Senior VP & CFO

    • Tenure: 2.8yrs

Board Members

  • Michael Beckwith

    CEO, President & Director

    • Tenure: 2.8yrs
  • Steven Ford (63yo)

    Director

    • Tenure: 17.8yrs
  • Lee Mitchell (52yo)

    Chairman of the Board

    • Tenure: 0.0yrs
  • Dennis Newberry

    Director

    • Tenure: 0.0yrs
  • R. Settle (58yo)

    Director

    • Tenure: 17.8yrs
  • Gary Stewart (72yo)

    Director

    • Tenure: 1.5yrs
  • Ellen Kennedy (42yo)

    Director

    • Tenure: 1.5yrs
  • Paul Martin (68yo)

    Director

    • Tenure: 1.5yrs

Company Information

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


Key Information

  • Name: First Security, Inc.
  • Ticker: FIIT
  • Exchange: OTCPK
  • Founded: 1997
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$95.735m
  • Shares outstanding: 2.52m
  • Website: https://www.firstsecurity.net

Location

  • First Security, Inc.
  • 313 Frederica Street
  • Owensboro
  • Kentucky
  • 42301
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FIITOTCPK (Pink Sheets LLC)YesVoting Common SharesUSUSDNov 2013

Biography

First Security, Inc. operates as a holding company for First Security Bank, Inc. that provides personal and commercial banking services. It accepts various checking and savings accounts, certificates of de ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2018/10/15 21:33
End of Day Share Price2018/10/15 00:00
Earnings2018/03/31
Annual Earnings2017/12/31


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.