OTCPK:KTHN

Stock Analysis Report

Executive Summary

Katahdin Bankshares Corp. operates as the bank holding company for Katahdin Trust Company, a state-chartered commercial bank that provides a range of commercial and retail banking services for individuals and businesses in Maine.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.

Share Price & News

How has Katahdin Bankshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.7%

KTHN

2.7%

US Banks

0.5%

US Market


1 Year Return

-3.0%

KTHN

2.9%

US Banks

6.8%

US Market

Return vs Industry: KTHN underperformed the US Banks industry which returned 2.9% over the past year.

Return vs Market: KTHN underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

KTHNIndustryMarket
7 Day-2.7%2.7%0.5%
30 Day-4.3%1.1%-0.8%
90 Day2.9%2.7%-0.9%
1 Year-0.4%-3.0%5.8%2.9%9.2%6.8%
3 Year62.1%49.5%52.0%41.5%45.6%36.2%
5 Year77.2%52.4%69.2%50.7%63.2%45.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Katahdin Bankshares undervalued compared to its fair value and its price relative to the market?

8.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KTHN ($18) is trading above our estimate of fair value ($12.26)

Significantly Below Fair Value: KTHN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KTHN is good value based on its PE Ratio (8.8x) compared to the Banks industry average (12.5x).

PE vs Market: KTHN is good value based on its PE Ratio (8.8x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KTHN is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KTHN's forecast earnings growth (6.8% per year) is above the savings rate (2.7%).

Earnings vs Market: KTHN's earnings (6.8% per year) are forecast to grow slower than the US market (14.6% per year).

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

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

High Growth Revenue: Insufficient data to determine if KTHN's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KTHN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Katahdin Bankshares performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KTHN's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: KTHN's earnings growth over the past year (38.7%) exceeds its 5-year average (12% per year).

Earnings vs Industry: KTHN earnings growth over the past year (38.7%) exceeded the Banks industry 29.7%.


Return on Equity

High ROE: KTHN's Return on Equity (10.2%) is considered low.


Return on Assets

ROA vs Industry: KTHN's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is Katahdin Bankshares'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: KTHN has a low level of unsold assets or inventory.

Debt Coverage by Assets: KTHN's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: KTHN's level of assets compared to its equity is moderate.

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

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

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

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

Level of Bad Loans: KTHN has an appropriate level of bad loans (0.58%)


Next Steps

Dividend

What is Katahdin Bankshares's current dividend yield, its reliability and sustainability?

2.50%

Current Dividend Yield


Dividend Yield vs Market

company2.5%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KTHN's dividend (2.5%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: KTHN's dividend (2.5%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: KTHN's dividends per share have been stable in the past 10 years.

Growing Dividend: KTHN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.4%), KTHN'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 Katahdin Bankshares's salary, the management and board of directors tenure and is there insider trading?

11.9yrs

Average board tenure


CEO

Jon Prescott (51yo)

22.8yrs

Tenure

0

Mr. Jon Joseph Prescott has been the Chief Executive Officer and President of Katahdin Bankshares Corp. and its subsidiary Katahdin Trust Company since 1997. Mr. Prescott has been a Director of Katahdin Ba ...


Board Age and Tenure

11.9yrs

Average Tenure

70yo

Average Age

Experienced Board: KTHN's board of directors are seasoned and experienced ( 11.9 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

  • Bill Lucy (60yo)

    Executive Vice President of Commercial Services

    • Tenure: 0yrs
  • Jon Prescott (51yo)

    President

    • Tenure: 22.8yrs
  • Bonnie Foster

    Executive Vice President of Retail Services

    • Tenure: 0yrs
  • Matt Nightingale

    Executive VP

    • Tenure: 0yrs
  • David Cambridge

    Senior VP & Commercial Services Officer

    • Tenure: 0yrs
  • Aaron Cannan

    Senior VP & Commercial Services Officer

    • Tenure: 0yrs
  • Brian Gardiner

    Senior VP & Commercial Services Officer

    • Tenure: 0yrs
  • Susan Lunn

    VP & Compliance Officer

    • Tenure: 0yrs
  • Krista Putnam

    Senior Vice President of Marketing

    • Tenure: 0yrs
  • Natasha McCarthy

    VP & Human Resources Director

    • Tenure: 0yrs

Board Members

  • Kim Niles

    Director

    • Tenure: 4yrs
  • Dick York (70yo)

    Vice Chairman of the Board

    • Tenure: 0yrs
  • Jon Prescott (51yo)

    President

    • Tenure: 22.8yrs
  • Paul Powers (64yo)

    Director

    • Tenure: 19.8yrs
  • Steven Richardson (70yo)

    Chairman of the Board

    • Tenure: 22.8yrs
  • Peter Briggs (80yo)

    Director

    • Tenure: 24.8yrs
  • Rick Harnum

    Director

    • Tenure: 2.1yrs
  • Keith Bourgoin

    Director

    • Tenure: 1.8yrs
  • Molly Liddell

    Director

    • Tenure: 1.8yrs

Company Information

Katahdin Bankshares Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Katahdin Bankshares Corp.
  • Ticker: KTHN
  • Exchange: OTCPK
  • Founded: 1918
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$61.218m
  • Shares outstanding: 3.40m
  • Website: https://www.katahdintrust.com

Number of Employees


Location

  • Katahdin Bankshares Corp.
  • 11 Main Street
  • PO Box 450
  • Patten
  • Maine
  • 4765
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KTHNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2003

Biography

Katahdin Bankshares Corp. operates as the bank holding company for Katahdin Trust Company, a state-chartered commercial bank that provides a range of commercial and retail banking services for individuals  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:48
End of Day Share Price2019/10/18 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.