OTCPK:HONT

Stock Analysis Report

Executive Summary

Honat Bancorp, Inc. operates as a holding company for The Honesdale National Bank that provides personal banking, business banking, and wealth management services.

Snowflake

Fundamentals

Flawless balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has Honat Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

HONT

1.7%

US Banks

1.3%

US Market


1 Year Return

11.8%

HONT

0.3%

US Banks

5.9%

US Market

Return vs Industry: HONT exceeded the US Banks industry which returned 0.3% over the past year.

Return vs Market: HONT exceeded the US Market which returned 5.9% over the past year.


Shareholder returns

HONTIndustryMarket
7 Day0%1.7%1.3%
30 Day5.4%-2.4%-1.9%
90 Day8.2%1.0%-1.8%
1 Year13.7%11.8%3.2%0.3%8.3%5.9%
3 Year73.9%65.0%52.1%41.7%45.6%36.2%
5 Year105.6%86.9%69.8%51.4%66.1%47.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Honat Bancorp undervalued compared to its fair value and its price relative to the market?

20.27x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: HONT ($118) is trading above our estimate of fair value ($57.93)

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


Price To Earnings Ratio

PE vs Industry: HONT is poor value based on its PE Ratio (20.3x) compared to the Banks industry average (12.5x).

PE vs Market: HONT is poor value based on its PE Ratio (20.3x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HONT is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Honat Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HONT's forecast earnings growth (8.3% per year) is above the savings rate (2.7%).

Earnings vs Market: HONT's earnings (8.3% per year) are forecast to grow slower than the US market (14.4% per year).

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

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

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


Next Steps

Past Performance

How has Honat Bancorp performed over the past 5 years?

27.0%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if HONT's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare HONT's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: HONT earnings growth over the past year (27%) underperformed the Banks industry 31.8%.


Return on Equity

High ROE: HONT's Return on Equity (8.3%) is considered low.


Return on Assets

ROA vs Industry: HONT has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate HONT's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Honat 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: HONT has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: HONT has an appropriate level of bad loans (0.41%)


Next Steps

Dividend

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

1.42%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: HONT's dividend (1.42%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: HONT's dividend (1.42%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: Too early to tell whether HONT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if HONT's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.7%), HONT'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

What is the CEO of Honat Bancorp's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average board tenure


CEO

David Raven (56yo)

2.6yrs

Tenure

0

Mr. David E. Raven has extensive experience as a Bank Executive. He served as President and CEO of Pennstar Bank, NA, having overseen the merger of LA Bank and Pioneer American Bank in 2000. Most recently, ...


Board Age and Tenure

5.8yrs

Average Tenure

Experienced Board: HONT's board of directors are considered experienced (5.8 years average tenure).


Insider Trading

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


Management Team

  • David Raven (56yo)

    President

    • Tenure: 2.6yrs
  • Jennifer Jaycox

    VP & COO

    • Tenure: 0yrs
  • Marcy Swingle

    Executive VP

    • Tenure: 0yrs
  • Kate Bryant

    Vice President

    • Tenure: 0yrs

Board Members

  • David Raven (56yo)

    President

    • Tenure: 2.6yrs
  • John Burlein

    Vice Chairman of the Board

    • Tenure: 5.8yrs
  • Bill Schweighofer

    Chairman of the Board

    • Tenure: 5.8yrs
  • Al Beck

    Director

    • Tenure: 5.6yrs
  • Roger Dirlam

    Director

    • Tenure: 0yrs
  • Robert Grimm

    Director

    • Tenure: 0yrs
  • Charles Jurgensen

    Director

    • Tenure: 17.7yrs
  • Paul Meagher

    Director

    • Tenure: 27.8yrs
  • Kurt Propst

    Director

    • Tenure: 17.7yrs
  • Mike Cavage

    Director

    • Tenure: 3.8yrs

Company Information

Honat Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Honat Bancorp, Inc.
  • Ticker: HONT
  • Exchange: OTCPK
  • Founded: 1836
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$174.101m
  • Shares outstanding: 1.48m
  • Website: https://www.hnbbank.bank

Location

  • Honat Bancorp, Inc.
  • HNB Corporate Center
  • 724 Main Street
  • Honesdale
  • Pennsylvania
  • 18431
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HONTOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 1990

Biography

Honat Bancorp, Inc. operates as a holding company for The Honesdale National Bank that provides personal banking, business banking, and wealth management services. The company offers checking, NOW, money m ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:35
End of Day Share Price2019/09/27 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.