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Kentucky Bancshares

OTCPK:KTYB
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KTYB
OTCPK
$145M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Kentucky Bancshares, Inc. operates as a bank holding company for Kentucky Bank that provides commercial and consumer banking products and services. The last earnings update was 69 days ago. More info.


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KTYB Share Price and Events
7 Day Returns
-0.5%
OTCPK:KTYB
-0.6%
US Banks
-0.3%
US Market
1 Year Returns
-3.1%
OTCPK:KTYB
-7.3%
US Banks
3.4%
US Market
KTYB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kentucky Bancshares (KTYB) -0.5% 0.8% 0.4% -3.1% 74.1% 82.5%
US Banks -0.6% 2.9% -1.2% -7.3% 44.2% 45.2%
US Market -0.3% 2.9% 2.1% 3.4% 36.2% 41.3%
1 Year Return vs Industry and Market
  • KTYB outperformed the Banks industry which returned -7.3% over the past year.
  • KTYB underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
KTYB
Industry
5yr Volatility vs Market

KTYB Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kentucky Bancshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kentucky Bancshares.

OTCPK:KTYB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $16.76 * 10.5%
$1.76
Book Value of Equity per Share Median Book Value from the past 5 years. $16.76
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:KTYB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 21%) (85.96%))
0.999
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.999 * 5.96%)
8.68%

Discounted Cash Flow Calculation for OTCPK:KTYB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Kentucky Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:KTYB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.5% – 8.68%) * $16.76)
$0.30
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.30 / (8.68% - 2.73%)
$5.11
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $16.76 + $5.11
$21.87
OTCPK:KTYB Discount to Share Price
Calculation Result
Value per share (USD) From above. $21.87
Current discount Discount to share price of $24.37
= -1 x ($24.37 - $21.87) / $21.87
-11.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kentucky Bancshares is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kentucky Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kentucky Bancshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KTYB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.03
OTCPK:KTYB Share Price ** OTCPK (2019-07-16) in USD $24.37
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.69x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kentucky Bancshares.

OTCPK:KTYB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:KTYB Share Price ÷ EPS (both in USD)

= 24.37 ÷ 2.03

12.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kentucky Bancshares is good value based on earnings compared to the US Banks industry average.
  • Kentucky Bancshares is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kentucky Bancshares's expected growth come at a high price?
Raw Data
OTCPK:KTYB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.5%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.22x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kentucky Bancshares, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kentucky Bancshares's assets?
Raw Data
OTCPK:KTYB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $18.81
OTCPK:KTYB Share Price * OTCPK (2019-07-16) in USD $24.37
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.8x
OTCPK:KTYB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:KTYB Share Price ÷ Book Value per Share (both in USD)

= 24.37 ÷ 18.81

1.3x

* Primary Listing of Kentucky Bancshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kentucky Bancshares is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Kentucky Bancshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Kentucky Bancshares has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KTYB Future Performance

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

  • No analysts cover Kentucky Bancshares, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kentucky Bancshares expected to grow at an attractive rate?
  • Kentucky Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Kentucky Bancshares's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Kentucky Bancshares's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:KTYB Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KTYB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.5%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:KTYB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KTYB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 48 15 12
2018-12-31 48 16 12
2018-09-30 48 18 12
2018-06-30 47 20 11
2018-03-31 47 19 11
2017-12-31 46 19 11
2017-09-30 45 15 10
2017-06-30 44 11 10
2017-03-31 44 13 10
2016-12-31 43 13 9
2016-09-30 43 10 8
2016-06-30 42 11 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kentucky Bancshares's earnings are expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Kentucky Bancshares is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:KTYB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Kentucky Bancshares Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KTYB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.03
2018-12-31 2.09
2018-09-30 2.03
2018-06-30 1.91
2018-03-31 1.80
2017-12-31 1.80
2017-09-30 1.75
2017-06-30 1.71
2017-03-31 1.65
2016-12-31 1.43
2016-09-30 1.33
2016-06-30 1.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Kentucky Bancshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Kentucky Bancshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kentucky Bancshares has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KTYB Past Performance

  How has Kentucky Bancshares performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kentucky Bancshares's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kentucky Bancshares's year on year earnings growth rate has been positive over the past 5 years.
  • Kentucky Bancshares's 1-year earnings growth is less than its 5-year average (12.7% vs 16%)
  • Kentucky Bancshares's earnings growth has not exceeded the US Banks industry average in the past year (12.7% vs 40.8%).
Earnings and Revenue History
Kentucky Bancshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kentucky Bancshares Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KTYB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 48.25 12.09 27.61
2018-12-31 48.29 12.43 27.28
2018-09-30 48.02 12.07 26.50
2018-06-30 47.22 11.39 26.34
2018-03-31 46.55 10.73 26.07
2017-12-31 45.68 10.72 26.04
2017-09-30 44.94 10.42 26.25
2017-06-30 44.50 10.20 26.37
2017-03-31 44.17 9.87 26.61
2016-12-31 43.23 8.57 26.58
2016-09-30 42.73 7.94 26.57
2016-06-30 41.71 7.11 26.10
2016-03-31 40.01 7.15 25.30
2015-12-31 38.34 6.83 24.54
2015-09-30 37.06 6.85 23.62
2015-06-30 35.76 7.03 22.98
2015-03-31 35.42 6.82 22.47
2014-12-31 35.20 7.07 22.02
2014-09-30 34.70 6.36 22.05
2014-06-30 34.24 6.00 21.93
2014-03-31 33.96 5.88 21.58
2013-12-31 33.73 5.82 22.10
2013-09-30 34.58 6.77 20.50
2013-06-30 34.90 7.11 19.59
2013-03-31 34.43 7.10 19.04
2012-12-31 34.30 7.01 18.84
2012-09-30 33.62 6.32 18.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kentucky Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kentucky Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Kentucky Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Kentucky Bancshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kentucky Bancshares has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KTYB Health

 How is Kentucky Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Kentucky Bancshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kentucky Bancshares Company Filings, last reported 3 months ago.

OTCPK:KTYB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 111.71 118.16 40.08
2018-12-31 106.79 118.46 23.78
2018-09-30 101.37 122.03 28.37
2018-06-30 100.49 137.70 30.56
2018-03-31 99.27 119.25 28.57
2017-12-31 100.33 129.17 38.90
2017-09-30 100.27 154.55 26.16
2017-06-30 98.85 123.85 26.85
2017-03-31 95.82 123.62 47.55
2016-12-31 92.97 124.68 51.57
2016-09-30 96.38 151.65 27.83
2016-06-30 95.80 137.59 27.16
2016-03-31 92.89 124.54 37.30
2015-12-31 89.41 118.36 38.45
2015-09-30 88.59 127.43 33.24
2015-06-30 79.00 123.78 23.03
2015-03-31 79.71 108.44 21.76
2014-12-31 77.94 113.46 23.82
2014-09-30 76.10 121.72 22.57
2014-06-30 74.93 104.58 20.28
2014-03-31 71.95 76.00 26.99
2013-12-31 67.67 77.93 23.16
2013-09-30 69.31 93.17 18.67
2013-06-30 70.18 57.93 14.31
2013-03-31 73.80 31.82 15.51
2012-12-31 74.01 28.98 30.66
2012-09-30 73.70 46.12 13.78
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Kentucky Bancshares has an acceptable proportion of non-loan assets held.
  • Kentucky Bancshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at Kentucky Bancshares are broadly funded by customer deposits.
  • Kentucky Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Kentucky Bancshares has a sufficient allowance for bad loans.
  • Kentucky Bancshares has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Kentucky Bancshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kentucky Bancshares has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KTYB Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.79%
Current annual income from Kentucky Bancshares dividends.
If you bought $2,000 of Kentucky Bancshares shares you are expected to receive $56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kentucky Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Kentucky Bancshares's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Upcoming dividend payment

Purchase Kentucky Bancshares before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:KTYB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:KTYB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.680 2.805
2018-11-26 0.640 2.680
2018-11-12 0.620 2.445
2018-10-31 0.620 2.481
2018-08-08 0.620 2.410
2018-08-03 0.620 2.443
2018-03-07 0.620 2.589
2018-02-01 0.580 2.467
2017-11-13 0.580 2.513
2017-11-01 0.580 2.601
2017-08-14 0.580 2.782
2017-07-31 0.580 2.851
2017-03-02 0.580 3.047
2017-02-01 0.540 3.094
2016-11-14 0.540 3.354
2016-11-02 0.540 3.545
2016-08-16 0.540 3.563
2016-08-01 0.540 3.750
2016-03-01 0.540 4.000
2016-01-29 0.520 3.940
2015-11-18 0.520 3.592
2015-10-30 0.520 3.468
2015-08-14 0.520 3.437
2015-08-03 0.520 3.373
2015-03-03 0.520 3.502
2015-02-05 0.500 3.651
2014-11-13 0.500 3.646
2014-10-31 0.500 3.582
2014-08-15 0.500 3.670
2014-08-01 0.500 3.756
2014-03-05 0.500 3.937
2014-02-04 0.480 3.981
2013-11-13 0.480 3.947
2013-11-05 0.480 3.975
2013-08-15 0.480 3.711
2013-08-01 0.480 3.674
2013-02-26 0.480 4.036
2013-01-23 0.460 4.204
2012-11-16 0.460 4.862
2012-11-08 0.460 4.616
2012-08-14 0.460 4.338
2012-08-02 0.460 4.182
2012-03-08 0.460 4.278
2012-02-10 0.440 4.548
2011-11-14 0.440 4.605
2011-10-27 0.440 4.689
2011-08-12 0.440 4.935
2011-07-27 0.440 5.419
2011-02-17 0.440 5.345
2010-11-16 0.420 4.952
2010-11-02 0.420 4.860
2010-08-20 0.420 5.022
2010-08-04 0.420 5.335
2010-05-25 0.420 5.296
2010-04-08 0.400 4.517
2009-11-16 0.400 4.794
2009-11-12 0.400 4.924
2009-08-21 0.400 4.912
2009-07-28 0.400 4.444
2009-05-18 0.400 4.648
2009-05-14 0.400 4.706
2008-12-16 0.560 6.378
2008-11-20 0.560 5.459
2008-10-29 0.560 4.691
2008-08-19 0.560 4.376
2008-07-25 0.560 4.651

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kentucky Bancshares's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x 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.
X
Income/ dividend checks
We assess Kentucky Bancshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kentucky Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kentucky Bancshares has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KTYB Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Louis Prichard
COMPENSATION $530,871
AGE 65
TENURE AS CEO 15.5 years
CEO Bio

Mr. Louis Prichard has been the Chief Executive Officer and President at Kentucky Bancshares Inc. (formerly, 'Bourbon Bancshares Inc.') and its subsidiary Kentucky Bank since 2004 and 2003 respectively. Mr. Prichard has extensive banking career beginning in 1977, has significant executive management experience in banking industry, knowledge of local communities including service on numerous local boards of various civic and professional organizations, in-depth knowledge of the Company’s business, strategy and management team. Mr. Prichard served as the Chief Operating Officer of Kentucky Bancshares Inc. and Kentucky Bank from 2003 to 2004. Since 1983, he was The Farmers National Bank Of Danville and served as its President and Chief Executive Officer until 2003. He has been a Director at Kentucky Bancshares Inc. and Kentucky Bank since 2003. He has been Director of Kentucky Bankers Association since February 2014.

CEO Compensation
  • Louis's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Louis's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Kentucky Bancshares management team in years:

11.5
Average Tenure
61.5
Average Age
  • The average tenure for the Kentucky Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Louis Prichard

TITLE
President
COMPENSATION
$531K
AGE
65
TENURE
15.5 yrs

Greg Dawson

TITLE
Senior VP
COMPENSATION
$229K
AGE
58
TENURE
30.5 yrs

Jim Braden

TITLE
Executive VP & COO
COMPENSATION
$273K
AGE
40

Joe Fryman

TITLE
Executive VP & Chief Credit Officer
COMPENSATION
$325K
AGE
69
TENURE
9.5 yrs

B. Caudill

TITLE
Special Projects Manager & Director
COMPENSATION
$61K
AGE
69
TENURE
13.5 yrs

Brenda Bragonier

TITLE
Senior VP & Director of Marketing
COMPENSATION
$166K
AGE
62
TENURE
20.5 yrs

Carol Caskey

TITLE
Senior VP & Director of Human Resources
AGE
61
TENURE
8.5 yrs

Jim Elliott

TITLE
Senior VP & Director of Wealth Management
AGE
72
TENURE
6.5 yrs

Chris Gorley

TITLE
Senior VP & Director of Operations
AGE
48
TENURE
6.5 yrs

Shane Foley

TITLE
Executive VP & Director of Retail Banking
AGE
42
Board of Directors Tenure

Average tenure and age of the Kentucky Bancshares board of directors in years:

15
Average Tenure
67
Average Age
  • The average tenure for the Kentucky Bancshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Buckner Woodford

TITLE
Chairman of the Board
COMPENSATION
$32K
AGE
74
TENURE
14.5 yrs

Louis Prichard

TITLE
President
COMPENSATION
$531K
AGE
65
TENURE
16.5 yrs

B. Caudill

TITLE
Special Projects Manager & Director
COMPENSATION
$61K
AGE
69
TENURE
12.9 yrs

Robert Thompson

TITLE
Director
COMPENSATION
$40K
AGE
69
TENURE
28.5 yrs

Edwin Saunier

TITLE
Director
COMPENSATION
$36K
AGE
61
TENURE
12.5 yrs

Henry Hinkle

TITLE
Director
COMPENSATION
$24K
AGE
67
TENURE
30.5 yrs

Woodford Van Meter

TITLE
Director
COMPENSATION
$35K
AGE
67
TENURE
15.5 yrs

Ted McClain

TITLE
Director
COMPENSATION
$29K
AGE
67
TENURE
16.5 yrs

Wes Omohundro

TITLE
Director
COMPENSATION
$32K
AGE
36
TENURE
3.5 yrs

Dowell Hoskins-Squier

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • Kentucky Bancshares individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. May 19 Sell Jack Omohundro Individual 07. May 19 07. May 19 -353 $24.07 $-8,497
12. Feb 19 Sell Norman Fryman Individual 07. Feb 19 07. Feb 19 -330 $23.50 $-7,755
06. Nov 18 Sell Norman Fryman Individual 02. Nov 18 02. Nov 18 -330 $24.78 $-8,176
09. Aug 18 Sell Jack Omohundro Individual 08. Aug 18 08. Aug 18 -218 $25.40 $-5,537
X
Management checks
We assess Kentucky Bancshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kentucky Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KTYB News

Simply Wall St News

KTYB Company Info

Description

Kentucky Bancshares, Inc. operates as a bank holding company for Kentucky Bank that provides commercial and consumer banking products and services. It accepts various deposit products, including checking, savings, and money market accounts; and certificates of deposit, safe deposits, interest and noninterest bearing deposits, and time deposits. The company also offers commercial, agricultural, and real estate loans to small-to-medium-sized industrial, service, and agricultural businesses; and residential mortgages, installments, and other loans to individual and other non-commercial customers. In addition, it provides credit cards and other consumer-oriented financial services; brokerage services, annuities, life and long term care insurance, personal trust, and agency services; and Internet banking services, such as bill payment. The company has operations in Bourbon, Clark, Elliott, Fayette, Harrison, Jessamine, Madison, Rowan, Scott, Woodford, and other counties in Kentucky. Kentucky Bancshares, Inc. was founded in 1851 and is headquartered in Paris, Kentucky.

Details
Name: Kentucky Bancshares, Inc.
KTYB
Exchange: OTCPK
Founded: 1851
$144,751,707
5,939,750
Website: http://www.kybank.com
Address: Kentucky Bancshares, Inc.
339 Main Street,
Paris,
Kentucky, 40361,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK KTYB Common Stock Pink Sheets LLC US USD 28. Jul 1995
Number of employees
Current staff
Staff numbers
230
Kentucky Bancshares employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 23:34
End of day share price update: 2019/07/16 00:00
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.