OTCPK:FSTF

Stock Analysis Report

First State Financial

Executive Summary

First State Financial Corporation operates as the bank holding company for First State Bank, which provides retail and commercial banking services to individuals, and small and medium-sized businesses in the west central region of Florida.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: FSTF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.8%

FSTF

14.6%

US Banks

9.4%

US Market


1 Year Return

n/a

FSTF

-24.3%

US Banks

-6.8%

US Market

Return vs Industry: Insufficient data to determine how FSTF performed against the US Banks industry.

Return vs Market: Insufficient data to determine how FSTF performed against the US Market.


Shareholder returns

FSTFIndustryMarket
7 Day-6.8%14.6%9.4%
30 Day57.9%-4.4%-3.9%
90 Dayn/a-33.9%-16.5%
1 Yearn/a-22.0%-24.3%-4.8%-6.8%
3 Yearn/a-8.3%-15.1%23.4%15.2%
5 Yearn/a16.7%3.3%41.3%25.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether First State Financial is trading at an attractive price based on the cash flow it is expected to produce in the future. But as First State Financial has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of FSTF’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.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through First State Financial regulatory filings here.
  • Explore potentially undervalued companies in the Banks industry.

Future Growth

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

-4.6%

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 State Financial 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 FSTF’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 State Financial's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has First State Financial performed over the past 5 years?

15.9%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, First State Financial has not provided sufficient past data to assess its track record.

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


Next Steps

Financial Health

How is First State Financial's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse First State Financial'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 State Financial 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 FSTF’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 State Financial's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FSTF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FSTF's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FSTF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FSTF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: FSTF is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FSTF's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.8yrs

Average management tenure


CEO

Jed Wilkinson (71yo)

13s

Tenure

US$270,367

Compensation

Mr. John E. Wilkinson, also known as Jed served as Chief Executive Officer and President of First State Financial Corp. from April 2007 to August 2009. Mr. Wilkinson served as President and Chief Executive ...


Leadership Team

NamePositionTenureCompensationOwnership
John Wilkinson
President & CEO13yrsUS$270.37kno data
Paul Thatcher
President of the Sarasota Division and Executive Vice President of First State Bankno dataUS$230.10kno data
David Ruppel
EVP & President14.83yrsUS$230.37kno data
Dennis Grinsteiner
CFO, Principal Accounting Officer & EVP15.25yrsUS$129.09kno data
Sarah Makowski
Financial Officerno datano datano data
Marion Delay
Secretaryno datano datano data
Dot Snyder
Controllerno datano datano data

14.8yrs

Average Tenure

70.5yo

Average Age

Experienced Management: FSTF's management team is seasoned and experienced (14.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Wilkinson
President & CEO13yrsUS$270.37kno data
Marshall Reynolds
Director21.25yrsUS$2.10kno data
Robert Beymer
Director and Chairman of First State Bankno dataUS$1.40kno data
Daniel Harrington
Director20.25yrsUS$1.05kno data
Robert Shell
Director and Director of First State Bank21.25yrsUS$1.05kno data
Lisa Ulrich
Director of First State Bank18.25yrsno datano data
Terry Seiders
Director of First State Bankno datano datano data
Thomas Wright
Director21.25yrsUS$9.18kno data
John Saputo
Director of First State Bank17.25yrsno datano data
Nancy Rutland
Director of First State Bank26.25yrsno datano data

20.8yrs

Average Tenure

70yo

Average Age

Experienced Board: FSTF's board of directors are seasoned and experienced ( 20.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: First State Financial Corporation
  • Ticker: FSTF
  • Exchange: OTCPK
  • Founded: 1988
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$88.800k
  • Shares outstanding: 5.92m
  • Website: https://null

Number of Employees


Location

  • First State Financial Corporation
  • 22 South Links Avenue
  • Sarasota
  • Florida
  • 34246
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FSTFOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2004

Biography

First State Financial Corporation operates as the bank holding company for First State Bank, which provides retail and commercial banking services to individuals, and small and medium-sized businesses in the west central region of Florida. The company primarily engages in generating deposits and originating loans. Its deposit products consist of certificates of deposit, checking and other demand deposits, NOW accounts, savings accounts, and money market accounts. The company’s lending portfolio comprises commercial, consumer, and real estate loans, including commercial loans collateralized by real estate. It also provides safe deposit boxes, wire transfers, direct deposit of payroll and social security payments, night depository, and travelers’ checks, as well as offers banking by mail and Internet, and automated teller machine services. The company was founded in 1988 and is headquartered in Sarasota, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/09 23:53
End of Day Share Price2020/04/09 00:00
Earnings2009/03/31
Annual Earnings2008/12/31


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.