Great American Bancorp
Market Cap
US$12.7m
Last Updated
2020/10/19 06:55 UTC
Data Sources
Company Financials
Executive Summary
Great American Bancorp, Inc. operates as a thrift holding company for First Federal Savings Bank of Champaign-Urbana that provides various banking and financial services to individual and corporate customers primarily in Champaign County, Illinois. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and slightly overvalued.
Share Price & News
How has Great American Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GTPS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
GTPS
-2.5%
US Mortgage
-0.7%
US Market
1 Year Return
-6.3%
GTPS
-18.0%
US Mortgage
19.9%
US Market
Return vs Industry: GTPS exceeded the US Mortgage industry which returned -18% over the past year.
Return vs Market: GTPS underperformed the US Market which returned 19.9% over the past year.
Shareholder returns
| GTPS | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -2.5% | -0.7% |
| 30 Day | 7.8% | 3.6% | 5.8% |
| 90 Day | n/a | 13.1% | 8.3% |
| 1 Year | -4.1%-6.3% | -15.6%-18.0% | 22.7%19.9% |
| 3 Year | n/a | -3.5%-11.5% | 43.5%33.9% |
| 5 Year | 44.0%29.8% | 18.8%2.8% | 86.9%65.8% |
Price Volatility Vs. Market
How volatile is Great American Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Great American Bancorp undervalued compared to its fair value and its price relative to the market?
12.1x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GTPS ($30.5) is trading above our estimate of fair value ($23.4)
Significantly Below Fair Value: GTPS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GTPS is poor value based on its PE Ratio (12.1x) compared to the US Mortgage industry average (11.1x).
PE vs Market: GTPS is good value based on its PE Ratio (12.1x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GTPS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GTPS is good value based on its PB Ratio (0.7x) compared to the US Mortgage industry average (0.8x).
Next Steps
Future Growth
How is Great American Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-12.6%
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 Great American Bancorp 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
- Examine Great American Bancorp's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Great American Bancorp's filings and announcementshere.
- Explore growth companies in the Banks industry.
Past Performance
How has Great American Bancorp performed over the past 5 years?
22.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GTPS has high quality earnings.
Growing Profit Margin: GTPS's current net profit margins (12.1%) are lower than last year (15.9%).
Past Earnings Growth Analysis
Earnings Trend: GTPS's earnings have grown significantly by 22.1% per year over the past 5 years.
Accelerating Growth: GTPS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GTPS had negative earnings growth (-29%) over the past year, making it difficult to compare to the Mortgage industry average (5.3%).
Return on Equity
High ROE: GTPS's Return on Equity (5.8%) is considered low.
Next Steps
Financial Health
How is Great American 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
Financial Institutions Analysis
Asset Level: GTPS's Assets to Equity ratio (10.7x) is moderate.
Allowance for Bad Loans: GTPS has a low allowance for bad loans (27%).
Low Risk Liabilities: 96% of GTPS's liabilities are made up of primarily low risk sources of funding.
Loan Level: GTPS has an appropriate level of Loans to Assets ratio (49%).
Low Risk Deposits: GTPS's Loans to Deposits ratio (57%) is appropriate.
Level of Bad Loans: GTPS has a high level of bad loans (3.5%).
Next Steps
Dividend
What is Great American Bancorp current dividend yield, its reliability and sustainability?
2.23%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GTPS's dividend (2.23%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: GTPS's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (4.66%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GTPS has been paying a dividend for less than 10 years.
Growing Dividend: GTPS's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27%), GTPS'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
How experienced are the management team and are they aligned to shareholders interests?
25.8yrs
Average board tenure
CEO
George Rouse (69 yo)
25.75yrs
Tenure
US$402,738
Compensation
Mr. George R. Rouse serves as the Chief Executive Officer and President of Great American BanCorp. Inc. and First Federal savings Bank. Mr. Rouse also serves as the President of Park Avenue Service Corpora ...
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD402.74K) is below average for companies of similar size in the US market ($USD585.94K).
Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 25.75yrs | US$402.74k | 18.19% $ 2.3m | |
| President of GTPS Insurance Agency & Director of Park Avenue Service Corporation | no data | US$200.49k | 1.5% $ 191.1k | |
| Independent Director | 33.75yrs | no data | 0.14% $ 18.3k | |
| Independent Chairman of the Board | 19.75yrs | no data | 1.97% $ 250.4k | |
| Independent Director | 25.75yrs | no data | 4.07% $ 518.5k | |
| Independent Director | 0.75yr | no data | no data |
25.8yrs
Average Tenure
69yo
Average Age
Experienced Board: GTPS's board of directors are seasoned and experienced ( 25.8 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: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Great American Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Great American Bancorp, Inc.
- Ticker: GTPS
- Exchange: OTCPK
- Founded: 1908
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$12.736m
- Shares outstanding: 417.56k
- Website: https://www.greatamericanbancorp.com
Location
- Great American Bancorp, Inc.
- 1311 South Neil Street
- PO Box 1010
- Champaign
- Illinois
- 61824-1010
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GTPS | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jun 1995 |
Biography
Great American Bancorp, Inc. operates as a thrift holding company for First Federal Savings Bank of Champaign-Urbana that provides various banking and financial services to individual and corporate custome ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/19 06:55 |
| End of Day Share Price | 2020/09/29 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.