OTCPK:GTPS

Stock Analysis Report

Great American Bancorp

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.

Rewards

PE ratio (8.6x) is below the US market (18.4x)

Earnings grew by 209.2% over the past year

Risk Analysis

Unstable dividend track record

Does not have a meaningful market cap ($14M)



Snowflake Analysis

Solid track record with adequate balance sheet.

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

-2.1%

US Mortgage

0.9%

US Market


1 Year Return

0%

GTPS

6.8%

US Mortgage

20.0%

US Market

Return vs Industry: GTPS underperformed the US Mortgage industry which returned 7.3% over the past year.

Return vs Market: GTPS underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

GTPSIndustryMarket
7 Day0%-2.1%0.9%
30 Day0.8%-1.6%1.4%
90 Day0%-1.9%8.8%
1 Year2.1%0%9.3%6.8%22.5%20.0%
3 Year12.4%6.3%19.3%10.9%49.9%40.3%
5 Year40.5%26.9%60.9%43.1%73.2%54.1%

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?

8.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GTPS ($33) is trading above our estimate of fair value ($20.02)

Significantly Below Fair Value: GTPS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GTPS is good value based on its PE Ratio (8.6x) compared to the Mortgage industry average (13.7x).

PE vs Market: GTPS is good value based on its PE Ratio (8.6x) compared to the US market (18.4x).


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 (0.8x) compared to the US Mortgage industry average (1.1x).


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?

6.4%

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 whether Great American Bancorp is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • 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 Great American Bancorp's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Great American Bancorp performed over the past 5 years?

16.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GTPS has high quality earnings.

Growing Profit Margin: GTPS's current net profit margins (17.2%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: GTPS's earnings have grown by 16.1% per year over the past 5 years.

Accelerating Growth: GTPS's earnings growth over the past year (209.2%) exceeds its 5-year average (16.1% per year).

Earnings vs Industry: GTPS earnings growth over the past year (209.2%) exceeded the Mortgage industry 11.1%.


Return on Equity

High ROE: GTPS's Return on Equity (8.8%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: GTPS has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if GTPS's debt is covered by short term assets.


Financial Institutions Analysis

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

Allowance for Bad Loans: GTPS has a low allowance for bad loans.

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

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

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

Level of Bad Loans: GTPS has a high level of bad loans (3.69%)


Next Steps

Dividend

What is Great American Bancorp's current dividend yield, its reliability and sustainability?

2.06%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Great American Bancorp before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.1%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: GTPS's dividend (2.06%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: GTPS's dividend (2.06%) is low compared to the top 25% of dividend payers in the US market (3.69%).


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 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17%), 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?

25.1yrs

Average board tenure


CEO

George Rouse (68yo)

25.1yrs

Tenure

US$356,205

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 ($USD356.21K) is below average for companies of similar size in the US market ($USD521.92K).

Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
George Rouse
President25.1yrsUS$356.21k17.78% $2.5m
Patrick Rouse
President of GTPS Insurance Agency & Director of Park Avenue Service Corporation0yrsUS$163.77k1.47% $206.8k
Ronald Kiddoo
Independent Director33.1yrsno data0.14% $19.8k
Ronald Guenther
Independent Chairman of the Board19.1yrsno data1.92% $271.0k
John Hecker
Independent Director25.1yrsno data3.98% $561.0k
Melinda Piper
Director0.08yrsno datano data

25.1yrs

Average Tenure

70.5yo

Average Age

Experienced Board: GTPS's board of directors are seasoned and experienced ( 25.1 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$14.092m
  • Shares outstanding: 427.04k
  • Website: https://www.greatamericanbancorp.com

Location

  • Great American Bancorp, Inc.
  • 1311 South Neil Street
  • PO Box 1010
  • Champaign
  • Illinois
  • 61824
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTPSOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 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 customers primarily in Champaign County, Illinois. Its deposit products include demand deposits, savings accounts, time deposits, money market accounts, and certificates of deposit. The company's loan products comprise 1-4 family residential mortgage loans; loans secured by multi-family residential real estate and commercial properties or land; construction loans, including 1-4 family, multi-family, and commercial construction loans; commercial loans; and consumer loans comprising home equity loans, auto and mobile home loans, other secured and unsecured loans, and lines of credit. It also provides full service brokerage activities through a third-party broker-dealer; and sells tax deferred annuities. In addition, the company offers insurance products, including life, health, auto, property, and casualty insurance to individuals and businesses. Great American Bancorp, Inc. was founded in 1908 and is based in Champaign, Illinois. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 23:40
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
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.