OTCPK:KSBI

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Risks

  • KS Bancorp is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

OTCPK:KSBI

-0.3%

US Mortgage

-1.0%

US Market


1 Year Return

-4.2%

OTCPK:KSBI

-0.7%

US Mortgage

-0.4%

US Market

KSBI underperformed the Mortgage industry which returned -0.7% over the past year.

KSBI underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

KSBIIndustryMarket
7 Day0.9%-0.3%-1.0%
30 Day2.5%-2.0%-3.3%
90 Dayn/a-1.0%0.8%
1 Year-3.0%-4.2%1.3%-0.7%1.9%-0.4%
3 Year79.8%75.3%33.4%24.5%39.4%30.4%
5 Year184.6%174.2%57.5%41.1%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

8.16x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

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

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


Price Based on Earnings

KS Bancorp is good value based on earnings compared to the US Mortgage industry average.

KS Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for KS Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

KS Bancorp is overvalued based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

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

-4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if KS Bancorp is high growth as no revenue estimate data is available.

KS Bancorp's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

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

KS Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

KS Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has KS Bancorp performed over the past 5 years?

26.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

KS Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

KS Bancorp's 1-year earnings growth exceeds its 5-year average (48.3% vs 26.2%)

KS Bancorp's earnings growth has exceeded the US Mortgage industry average in the past year (48.3% vs 31.9%).


Return on Equity

KS Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

KS Bancorp used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if KS Bancorp 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 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

KS Bancorp has an acceptable proportion of non-loan assets held.

KS Bancorp has a sufficient allowance for bad loans.

KS Bancorp's liabilities are made up of primarily low risk sources of funding.

KS Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at KS Bancorp are broadly funded by customer deposits.

KS Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

1.35%

Current Dividend Yield


Dividend Yield and Payments Analysis

KS Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

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

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (10.6x 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 KS Bancorp's salary, the management and board of directors tenure and is there insider trading?

9.6yrs

Average management tenure


CEO

Harold Keen (70yo)

26.6yrs

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 ...


Management Age and Tenure

9.6yrs

Average Tenure

63yo

Average Age

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


Board Age and Tenure

19.6yrs

Average Tenure

67yo

Average Age

The average tenure for the KS Bancorp 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

  • Harold Keen (70yo)

    President

    • Tenure: 26.6yrs
    • Compensation: $248.10k
  • Earl Worley (54yo)

    Executive VP

    • Tenure: 9.6yrs
    • Compensation: $123.71k
  • Joy Watson

    Corporate Secretary

  • Regina Smith

    Senior VP & CFO

    • Tenure: 9.6yrs
  • Deborah Pattison

    Director of Human Resources

  • Denise Elliott

    Corporate Secretary

  • Blair Hester

    Compliance Officer

  • Tim Taylor

    Chief Credit Officer

  • Roger Thomas

    Chief Wealth Management Officer

    • Tenure: 0.3yrs
  • William Clarke (63yo)

    Senior VP & Senior VP of KS Bank Inc

    • Tenure: 33.6yrs

Board Members

  • Harold Keen (70yo)

    President

    • Tenure: 26.6yrs
    • Compensation: $248.10k
  • Bobby Jones (57yo)

    Director

    • Tenure: 16.6yrs
  • Earl Worley (54yo)

    Executive VP

    • Tenure: 5.3yrs
    • Compensation: $123.71k
  • April Culver

    Director

  • Sidney Sauls (71yo)

    Director

    • Tenure: 19.6yrs
  • Gordon Woodruff (67yo)

    Vice Chairman of the Board

  • Ralph Scott (66yo)

    Director

    • Tenure: 26.6yrs
  • Lisa Brogdon

    Director

  • James Parker (67yo)

    Chairman of the Board

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$29.611m
  • Shares outstanding: 1.11m
  • Website: Click here

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KSBIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 1993

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 Analysis2019/08/17 23:41
End of Day Share Price2019/08/14 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.