OTCPK:IOFB

Stock Analysis Report

Iowa First Bancshares

Executive Summary

Iowa First Bancshares Corp. operates as the bank holding company for First National Bank of Muscatine and First National Bank in Fairfield that provide various banking products and services for individuals and businesses in Iowa.

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.

Risks

  • Iowa First Bancshares is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.1%

OTCPK:IOFB

-2.6%

US Banks

-1.0%

US Market


1 Year Return

n/a

OTCPK:IOFB

-14.2%

US Banks

-0.4%

US Market

No trading data on IOFB.

No trading data on IOFB.


Share holder returns

IOFBIndustryMarket
7 Day0.1%-2.6%-1.0%
30 Day2.5%-6.3%-3.3%
90 Dayn/a-3.5%0.8%
1 Yearn/a-11.8%-14.2%1.9%-0.4%
3 Year34.8%23.6%42.2%32.4%39.4%30.4%
5 Year49.1%27.8%53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Iowa First Bancshares undervalued based on future cash flows and its price relative to the stock market?

20.15x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Iowa First Bancshares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Iowa First Bancshares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Iowa First Bancshares is overvalued based on earnings compared to the US Banks industry average.

Iowa First Bancshares is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Iowa First Bancshares, we can't assess if its growth is good value.


Price Based on Value of Assets

Iowa First Bancshares is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Iowa First Bancshares expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Iowa First Bancshares is high growth as no revenue estimate data is available.

Iowa First Bancshares's earnings are expected to grow by 15% yearly, however this is not considered high growth (20% yearly).

Unable to compare Iowa First Bancshares's revenue growth to the United States of America market average as no estimate data is available.

Iowa First Bancshares's earnings growth is expected to exceed the United States of America market average.

Iowa First Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Iowa First Bancshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Iowa First Bancshares performed over the past 5 years?

-18.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Iowa First Bancshares's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Iowa First Bancshares's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Iowa First Bancshares's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Iowa First Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Iowa First Bancshares used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Iowa First Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Iowa First Bancshares'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

Iowa First Bancshares has an acceptable proportion of non-loan assets held.

Iowa First Bancshares has a low allowance for bad loans.

Iowa First Bancshares's liabilities are made up of primarily low risk sources of funding.

Iowa First Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Iowa First Bancshares are broadly funded by customer deposits.

Iowa First Bancshares has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Iowa First Bancshares's current dividend yield, its reliability and sustainability?

2.79%

Current Dividend Yield


Dividend Yield and Payments Analysis

Iowa First Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Iowa First Bancshares's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Iowa First Bancshares's salary, the management and board of directors tenure and is there insider trading?

18.6yrs

Average management tenure


CEO

D. Ingstad (68yo)

18.6yrs

Tenure

US$233,956

Compensation

Mr. D. Scott Ingstad has been the President of Iowa First Bancshares Corp. since December 1996 and Chief Executive Officer since January 2001. Mr. Ingstad has been First National Bank of Muscatine's Presid ...


Management Age and Tenure

18.6yrs

Average Tenure

The average tenure for the Iowa First Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

16.5yrs

Average Tenure

66yo

Average Age

The average tenure for the Iowa First Bancshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • D. Ingstad (68yo)

    Chairman

    • Tenure: 18.6yrs
    • Compensation: $233.96k
  • Kim Bartling (61yo)

    Executive VP

    • Tenure: 22.7yrs
    • Compensation: $182.36k
  • Teresa Carter

    Senior VP

    • Tenure: 0.1yrs

Board Members

  • Jim Wester (70yo)

    Director

    • Tenure: 8.3yrs
  • Brett Nelson (52yo)

    Director

    • Tenure: 5.6yrs
  • Katherine Vandygriff (65yo)

    Director

    • Tenure: 8.3yrs
  • Jay McKee (65yo)

    Director

    • Tenure: 20.3yrs
  • Andrew Carver (44yo)

    Director

    • Tenure: 3.6yrs
  • Kim Bartling (61yo)

    Executive VP

    • Tenure: 25.6yrs
    • Compensation: $182.36k
  • Craig Foss (70yo)

    Director

    • Tenure: 25.6yrs
  • David Housley (67yo)

    Director

    • Tenure: 20.3yrs
  • D. Ingstad (68yo)

    Chairman

    • Tenure: 16.3yrs
    • Compensation: $233.96k
  • Rick Shepley (73yo)

    Director

    • Tenure: 16.6yrs

Company Information

Iowa First Bancshares Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Iowa First Bancshares Corp.
  • Ticker: IOFB
  • Exchange: OTCPK
  • Founded: 1984
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$47.019m
  • Shares outstanding: 1.13m
  • Website: Click here

Location

  • Iowa First Bancshares Corp.
  • 300 East Second Street
  • Muscatine
  • Iowa
  • 52761
  • United States

Listings

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

Biography

Iowa First Bancshares Corp. operates as the bank holding company for First National Bank of Muscatine and First National Bank in Fairfield that provide various banking products and services for individuals ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:41
End of Day Share Price2019/08/15 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.