OTCPK:FKYS

Stock Analysis Report

Executive Summary

First Keystone Corporation operates as a bank holding company for First Keystone Community Bank that provides various banking and related financial services to individual, business, government, and public and institutional customers in Northeastern Pennsylvania market area.

Snowflake

Fundamentals

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.05%

FKYS

4.8%

US Banks

2.3%

US Market


1 Year Return

-13.8%

FKYS

0.04%

US Banks

5.6%

US Market

Return vs Industry: FKYS underperformed the US Banks industry which returned 0% over the past year.

Return vs Market: FKYS underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

FKYSIndustryMarket
7 Day-0.05%4.8%2.3%
30 Day-2.7%-0.5%-1.0%
90 Day-10.6%2.0%-0.7%
1 Year-9.7%-13.8%2.9%0.04%7.9%5.6%
3 Year-0.7%-12.6%51.5%41.1%45.6%36.3%
5 Year18.4%-4.3%70.9%52.3%65.8%47.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

13.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: FKYS ($22.1) is trading above our estimate of fair value ($14.95)

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


Price To Earnings Ratio

PE vs Industry: FKYS is poor value based on its PE Ratio (13.1x) compared to the Banks industry average (12.6x).

PE vs Market: FKYS is good value based on its PE Ratio (13.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FKYS 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 Keystone forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FKYS's forecast earnings growth (6.3% per year) is above the savings rate (2.7%).

Earnings vs Market: FKYS's earnings (6.3% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

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


Next Steps

Past Performance

How has First Keystone performed over the past 5 years?

-1.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FKYS's earnings have declined by -1.2% per year over the past 5 years.

Accelerating Growth: FKYS's earnings growth over the past year (11.9%) exceeds its 5-year average (-1.2% per year).

Earnings vs Industry: FKYS earnings growth over the past year (11.9%) underperformed the Banks industry 31.8%.


Return on Equity

High ROE: FKYS's Return on Equity (7.7%) is considered low.


Return on Assets

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


Next Steps

Financial Health

How is First Keystone'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: FKYS has a low level of unsold assets or inventory.

Debt Coverage by Assets: FKYS's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

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

Allowance for Bad Loans: FKYS has a sufficient allowance for bad loans.

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

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

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

Level of Bad Loans: FKYS has an appropriate level of bad loans (0.73%)


Next Steps

Dividend

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

4.89%

Current Dividend Yield


Dividend Yield vs Market

company4.9%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FKYS's dividend (4.89%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: FKYS's dividend (4.89%) is in the top 25% of dividend payers in the US market (3.76%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.9%), FKYS's dividend payments are 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 Keystone's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average management tenure


CEO

Elaine Woodland (60yo)

1.5yrs

Tenure

US$261,150

Compensation

Ms. Elaine A. Woodland had served as Interim Chief Executive Officer and Interim President of First Keystone Corporation and First Keystone Community Bank from April 24, 2018 to September 2018. She has bee ...


CEO Compensation Analysis

Compensation vs. Market: Elaine has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Elaine's compensation has increased by more than 20% in the past year.


Management Age and Tenure

2.4yrs

Average Tenure

65yo

Average Age

Experienced Management: FKYS's management team is considered experienced (2.4 years average tenure).


Board Age and Tenure

2.1yrs

Average Tenure

67.5yo

Average Age

Experienced Board: FKYS's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: FKYS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$6,82501 Aug 19
Michael Jezewski
EntityIndividual
Role
Member of the Board of Directors
Director
Shares300
Max PriceUS$22.75
BuyUS$10,02111 Jun 19
Robert Bull
EntityIndividual
Role
Chairman of the Board
Chairman
Shares409
Max PriceUS$24.50
BuyUS$11,64004 Jun 19
Michael Jezewski
EntityIndividual
Role
Member of the Board of Directors
Director
Shares485
Max PriceUS$24.00
SellUS$115,00003 Jun 19
Joseph Conahan
EntityIndividual
Shares5,000
Max PriceUS$23.00
BuyUS$2,30030 May 19
Michael Jezewski
EntityIndividual
Role
Member of the Board of Directors
Director
Shares100
Max PriceUS$23.00
BuyUS$4,40008 Mar 19
Michael Jezewski
EntityIndividual
Role
Member of the Board of Directors
Director
Shares200
Max PriceUS$22.00
BuyUS$67,20028 Feb 19
Don Bower
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$22.40
BuyUS$7,76625 Feb 19
Michael Jezewski
EntityIndividual
Role
Member of the Board of Directors
Director
Shares334
Max PriceUS$23.25
BuyUS$5,46019 Feb 19
Michael Jezewski
EntityIndividual
Role
Member of the Board of Directors
Director
Shares240
Max PriceUS$22.75
BuyUS$18,00020 Dec 18
Michael Jezewski
EntityIndividual
Role
Member of the Board of Directors
Director
Shares800
Max PriceUS$22.50

Ownership Breakdown


Management Team

  • David Saracino (74yo)

    Secretary & Director

    • Tenure: 1.4yrs
    • Compensation: US$80.14k
  • Diane C. Rosler (54yo)

    Senior VP & CFO

    • Tenure: 12.8yrs
    • Compensation: US$145.50k
  • John Gerlach (77yo)

    Consultant

    • Tenure: 1.8yrs
    • Compensation: US$16.33k
  • Elaine Woodland (60yo)

    CEO, President & Director

    • Tenure: 1.5yrs
    • Compensation: US$261.15k
  • Mark McDonald

    Chief Credit Officer & Senior VP

    • Tenure: 0yrs
    • Compensation: US$131.92k
  • Linda Yerges (65yo)

    Human Resources Manager

    • Tenure: 0yrs
  • Matt Mensinger

    Senior VP & Director of Lending

    • Tenure: 0yrs
    • Compensation: US$146.21k
  • Jeff Wozniak

    Information Security Officer

    • Tenure: 0yrs
  • Cheryl Wynings

    Assistant Secretary

    • Tenure: 5.8yrs

Board Members

  • John Arndt (57yo)

    Vice Chairman

    • Tenure: 2.4yrs
    • Compensation: US$40.80k
  • Robert Bull (96yo)

    Director

    • Tenure: 36.8yrs
    • Compensation: US$40.20k
  • David Saracino (74yo)

    Secretary & Director

    • Tenure: 1.4yrs
    • Compensation: US$80.14k
  • Don Bower (70yo)

    Director

    • Tenure: 18yrs
    • Compensation: US$40.20k
  • Bill Rinehart (69yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$23.08k
  • Robert Bull (66yo)

    Chairman

    • Tenure: 2.4yrs
    • Compensation: US$43.30k
  • John Gerlach (77yo)

    Consultant

    • Tenure: 1.8yrs
    • Compensation: US$16.33k
  • Elaine Woodland (60yo)

    CEO, President & Director

    • Tenure: 1.5yrs
    • Compensation: US$261.15k
  • Nancy Marr (56yo)

    Director

    • Tenure: 2.7yrs
    • Compensation: US$39.40k
  • Michael Jezewski (61yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$22.68k

Company Information

First Keystone Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Keystone Corporation
  • Ticker: FKYS
  • Exchange: OTCPK
  • Founded: 1864
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$127.956m
  • Shares outstanding: 5.79m
  • Website: https://www.fkc.bank

Number of Employees


Location

  • First Keystone Corporation
  • 111 West Front Street
  • Berwick
  • Pennsylvania
  • 18603
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FKYSOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 1990

Biography

First Keystone Corporation operates as a bank holding company for First Keystone Community Bank that provides various banking and related financial services to individual, business, government, and public  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:35
End of Day Share Price2019/10/16 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.