OTCPK:KSBI

Stock Analysis Report

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Market Cap

US$45.7m

Last Updated

2021/07/30 01:38 UTC

Data Sources

Company Financials

Executive Summary

KS Bancorp, Inc. operates as the bank holding company for KS Bank, Inc. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KSBI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

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


Market Performance


7 Day Return

6.8%

KSBI

1.7%

US Mortgage

0.8%

US Market


1 Year Return

75.6%

KSBI

49.1%

US Mortgage

37.5%

US Market

Return vs Industry: KSBI exceeded the US Mortgage industry which returned 47.8% over the past year.

Return vs Market: KSBI exceeded the US Market which returned 36.5% over the past year.


Shareholder returns

KSBIIndustryMarket
7 Day6.8%1.7%0.8%
30 Day14.6%-5.6%1.0%
90 Day21.4%-11.7%3.8%
1 Year78.5%75.6%53.6%49.1%39.7%37.5%
3 Year54.0%47.4%25.4%16.0%64.4%54.1%
5 Year212.1%194.8%67.3%43.3%124.9%100.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

21.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KSBI ($41.27) is trading below our estimate of fair value ($52.6)

Significantly Below Fair Value: KSBI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KSBI is good value based on its PE Ratio (8.4x) compared to the US Mortgage industry average (12.1x).

PE vs Market: KSBI is good value based on its PE Ratio (8.4x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KSBI is overvalued based on its PB Ratio (1.3x) compared to the US Mortgage industry average (1.1x).


Future Growth

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

-7.0%

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 KS 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.


Past Performance

How has KS Bancorp performed over the past 5 years?

19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KSBI has high quality earnings.

Growing Profit Margin: KSBI's current net profit margins (28.5%) are higher than last year (23.1%).


Past Earnings Growth Analysis

Earnings Trend: KSBI's earnings have grown by 19.9% per year over the past 5 years.

Accelerating Growth: KSBI's earnings growth over the past year (43.3%) exceeds its 5-year average (19.9% per year).

Earnings vs Industry: KSBI earnings growth over the past year (43.3%) exceeded the Mortgage industry 37.2%.


Return on Equity

High ROE: KSBI's Return on Equity (15.9%) is considered low.


Financial Health

How is KS 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: KSBI's Assets to Equity ratio (15.6x) is moderate.

Allowance for Bad Loans: KSBI has a sufficient allowance for bad loans (878%).

Low Risk Liabilities: 91% of KSBI's liabilities are made up of primarily low risk sources of funding.

Loan Level: KSBI has an appropriate level of Loans to Assets ratio (65%).

Low Risk Deposits: KSBI's Loans to Deposits ratio (76%) is appropriate.

Level of Bad Loans: KSBI has an appropriate level of bad loans (0.2%).


Dividend

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

1.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KSBI's dividend (1.55%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: KSBI's dividend (1.55%) is low compared to the top 25% of dividend payers in the US market (3.52%).


Stability and Growth of Payments

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

Growing Dividend: KSBI's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.1%), KSBI's dividend payments are thoroughly 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?

11.5yrs

Average management tenure


CEO

Harold Keen (72 yo)

28.5yrs

Tenure

US$248,096

Compensation

Mr. Harold T. Keen has been the President and the Chief Executive Officer at KS Bancorp, Inc. and KS Bank Inc. since 1990. Mr. Keen serves as the Chief Executive Officer and President at KS Bank, Inc. (Smi...


Leadership Team

Experienced Management: KSBI's management team is seasoned and experienced (11.5 years average tenure).


Board Members

Experienced Board: KSBI's board of directors are seasoned and experienced ( 21.5 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

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


Key Information

  • Name: KS Bancorp, Inc.
  • Ticker: KSBI
  • Exchange: OTCPK
  • Founded: 1924
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$45.718m
  • Shares outstanding: 1.11m
  • Website: https://www.ksbankinc.com

Location

  • KS Bancorp, Inc.
  • 1031 North Brightleaf Boulevard
  • Smithfield
  • North Carolina
  • 27577
  • United States

Listings


Biography

KS Bancorp, Inc. operates as the bank holding company for KS Bank, Inc. that provides a range of community banking services to consumers and businesses. The company offers personal deposit accounts, such a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/30 01:38
End of Day Share Price2021/07/29 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.