Katahdin Bankshares
Market Cap
US$61.2m
Last Updated
2019/10/20 23:48 UTC
Data Sources
Company Financials
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
| KTHN | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | 2.7% | 0.5% |
| 30 Day | -4.3% | 1.1% | -0.8% |
| 90 Day | 2.9% | 2.7% | -0.9% |
| 1 Year | -0.4%-3.0% | 5.8%2.9% | 9.2%6.8% |
| 3 Year | 62.1%49.5% | 52.0%41.5% | 45.6%36.2% |
| 5 Year | 77.2%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
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
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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KTHN | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/20 23:48 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.