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HONT

Honat Bancorp OTCPK:HONT Stock Report

Last Price

US$128.00

Market Cap

US$185.8m

7D

0%

1Y

n/a

Updated

22 Jun, 2022

Data

Company Financials
HONT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

HONT Stock Overview

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

Honat Bancorp Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Honat Bancorp
Historical stock prices
Current Share PriceUS$128.00
52 Week HighUS$147.80
52 Week LowUS$122.00
Beta-0.69
1 Month Change-1.54%
3 Month Change-0.78%
1 Year Changen/a
3 Year Change18.52%
5 Year Change26.73%
Change since IPO2,033.33%

Recent News & Updates

Shareholder Returns

HONTUS BanksUS Market
7D0%0.3%-0.9%
1Yn/a-16.9%-20.8%

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

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

Price Volatility

Is HONT's price volatile compared to industry and market?
HONT volatility
HONT Average Weekly Movementn/a
Banks Industry Average Movement3.8%
Market Average Movement7.9%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

Stable Share Price: Insufficient data to determine HONT's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine HONT's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1836n/aTom Sheridanhttps://www.hnbbank.bank

Honat Bancorp, Inc. operates as a holding company for The Honesdale National Bank that provides personal and business banking, and wealth management services. The company offers checking, savings, money market deposit, club, and savings accounts; certificates of deposit; individual retirement accounts; and debit and credit cards, as well as trust services. It also provides auto, personal, student, home equity, mortgages, and business loans; cash management, cards and payments, and merchant services; digital banking and financial planning services; and retirement and business solutions.

Honat Bancorp Fundamentals Summary

How do Honat Bancorp's earnings and revenue compare to its market cap?
HONT fundamental statistics
Market CapUS$185.76m
Earnings (TTM)US$10.93m
Revenue (TTM)US$34.49m

17.0x

P/E Ratio

1.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HONT income statement (TTM)
RevenueUS$34.49m
Cost of RevenueUS$0
Gross ProfitUS$34.49m
Other ExpensesUS$23.56m
EarningsUS$10.93m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.53
Gross Margin100.00%
Net Profit Margin31.68%
Debt/Equity Ratio0%

How did HONT perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HONT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HONT?

Other financial metrics that can be useful for relative valuation.

HONT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does HONT's PE Ratio compare to its peers?

HONT PE Ratio vs Peers
The above table shows the PE ratio for HONT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.9x

Price-To-Earnings vs Peers: HONT is expensive based on its Price-To-Earnings Ratio (17x) compared to the peer average (9.9x).


Price to Earnings Ratio vs Industry

How does HONT's PE Ratio compare vs other companies in the U.S. Banks Industry?

Price-To-Earnings vs Industry: HONT is expensive based on its Price-To-Earnings Ratio (17x) compared to the US Banks industry average (9.6x)


Price to Earnings Ratio vs Fair Ratio

What is HONT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HONT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HONT's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of HONT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HONT ($128) is trading below our estimate of fair value ($139.41)

Significantly Below Fair Value: HONT is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.1%

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 Honat 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.


Discover growth companies

  • Check out Honat Bancorp's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • 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 Honat Bancorp's filings and announcements here.

Past Performance

How has Honat Bancorp performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HONT has high quality earnings.

Growing Profit Margin: HONT's current net profit margins (31.7%) are higher than last year (29.6%).


Past Earnings Growth Analysis

Earnings Trend: HONT's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: HONT's earnings growth over the past year (16.4%) exceeds its 5-year average (14.2% per year).

Earnings vs Industry: HONT earnings growth over the past year (16.4%) underperformed the Banks industry 20.4%.


Return on Equity

High ROE: HONT's Return on Equity (9.2%) is considered low.


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Financial Health

How is Honat Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: HONT's Assets to Equity ratio (7.9x) is low.

Allowance for Bad Loans: HONT has a sufficient allowance for bad loans (637%).

Low Risk Liabilities: 99% of HONT's liabilities are made up of primarily low risk sources of funding.

Loan Level: HONT has an appropriate level of Loans to Assets ratio (58%).

Low Risk Deposits: HONT's Loans to Deposits ratio (67%) is appropriate.

Level of Bad Loans: HONT has an appropriate level of bad loans (0.3%).


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.94%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HONT's dividend (1.94%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: HONT's dividend (1.94%) is low compared to the top 25% of dividend payers in the US market (4.33%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HONT has been paying a dividend for less than 10 years.

Growing Dividend: HONT's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (29.2%), 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 or that it will be covered by earnings.


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Management

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

8.4yrs

Average board tenure


CEO

Tom Sheridan

1.42yrs

Tenure

Mr. Thomas E. Sheridan, Jr. also known as Tom, serves as President, Chief Executive Officer & Director at Honat Bancorp, Inc. and The Honesdale National Bank since 2021. He served as Chief Executive Office...


Board Members

Experienced Board: HONT's board of directors are considered experienced (8.4 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

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


Key Information

  • Name: Honat Bancorp, Inc.
  • Ticker: HONT
  • Exchange: OTCPK
  • Founded: 1836
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$185.760m
  • Shares outstanding: 1.45m
  • Website: https://www.hnbbank.bank

Location

  • Honat Bancorp, Inc.
  • The Honesdale National Bank
  • 724 Main Street
  • Honesdale
  • Pennsylvania
  • 18431
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/22 00:00
End of Day Share Price2022/06/17 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.