Kentucky Bancshares, Inc. operates as a bank holding company for Kentucky Bank that provides commercial and consumer banking products and services.
No risks detected for KTYB from our risk checks.
Flawless balance sheet, good value and pays a dividend.
Share Price & News
How has Kentucky Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KTYB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: KTYB underperformed the US Banks industry which returned 9.8% over the past year.
Return vs Market: KTYB underperformed the US Market which returned 17.8% over the past year.
Price Volatility Vs. Market
How volatile is Kentucky Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Kentucky Bancshares undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KTYB ($23.2) is trading below our estimate of fair value ($28.18)
Significantly Below Fair Value: KTYB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KTYB is good value based on its PE Ratio (10.5x) compared to the Banks industry average (12.6x).
PE vs Market: KTYB is good value based on its PE Ratio (10.5x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KTYB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KTYB is good value based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
How is Kentucky Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Kentucky Bancshares 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.
- Examine whether Kentucky Bancshares is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Kentucky Bancshares's filings and announcements here.
- Explore growth companies in the Banks industry.
How has Kentucky Bancshares performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KTYB has high quality earnings.
Growing Profit Margin: KTYB's current net profit margins (26.6%) are higher than last year (25.7%).
Past Earnings Growth Analysis
Earnings Trend: KTYB's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: KTYB's earnings growth over the past year (5.8%) is below its 5-year average (15% per year).
Earnings vs Industry: KTYB earnings growth over the past year (5.8%) underperformed the Banks industry 12%.
Return on Equity
High ROE: KTYB's Return on Equity (11%) is considered low.
Return on Assets
Return on Capital Employed
How is Kentucky Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: KTYB has a low level of unsold assets or inventory.
Debt Coverage by Assets: KTYB's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: KTYB's level of assets compared to its equity is low.
Allowance for Bad Loans: KTYB has a sufficient allowance for bad loans.
Low Risk Liabilities: KTYB's liabilities are made up of primarily low risk sources of funding.
Loan Level: KTYB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: KTYB's loans are broadly funded by customer deposits.
Level of Bad Loans: KTYB has an appropriate level of bad loans (0.52%)
What is Kentucky Bancshares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: KTYB's dividend (3.1%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: KTYB's dividend (3.1%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: KTYB's dividends per share have been stable in the past 10 years.
Growing Dividend: KTYB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.8%), KTYB'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Louis Prichard (65yo)
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 ...
CEO Compensation Analysis
Compensation vs Market: Louis's total compensation ($USD543.27K) is about average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Louis's compensation has been consistent with company performance over the past year.
|Chairman of the Board||0.2yrs||US$61.16k||4.12% $5.6m|
|Senior VP||31.1yrs||US$229.46k||0.28% $386.4k|
|Executive VP & COO||0yrs||US$272.68k||0.11% $148.2k|
|Executive VP & Chief Credit Officer||10.1yrs||US$324.58k||0.049% $66.3k|
|Senior VP & Director of Marketing||21.1yrs||US$100.37k||0.29% $396.0k|
|Senior VP & Director of Human Resources||9.1yrs||no data||0.087% $119.2k|
|Senior VP & Director of Wealth Management||7.1yrs||no data||0.12% $170.1k|
|Senior VP & Director of Operations||7.1yrs||no data||0.059% $80.5k|
|Executive VP & Director of Retail Banking||0yrs||no data||0.048% $65.9k|
Experienced Management: KTYB's management team is seasoned and experienced (12.1 years average tenure).
|Chairman of the Board||0.2yrs||US$61.16k||4.12% $5.6m|
|Independent Director||29.1yrs||US$39.91k||0.24% $325.8k|
|Independent Director||31.1yrs||US$24.11k||0.16% $216.3k|
|Independent Director||17.1yrs||US$28.61k||0.092% $125.7k|
|Independent Director||16.1yrs||US$34.61k||1.22% $1.7m|
|Independent Director||13.1yrs||US$36.01k||0.13% $182.0k|
|Director||0.2yrs||no data||0.0073% $9.9k|
|Independent Director||4.1yrs||US$32.41k||0.062% $84.1k|
|Director||0.7yrs||no data||no data|
Experienced Board: KTYB's board of directors are seasoned and experienced ( 14.6 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kentucky Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Kentucky Bancshares, Inc.
- Ticker: KTYB
- Exchange: OTCPK
- Founded: 1851
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$136.345m
- Shares outstanding: 5.88m
- Website: https://www.kybank.com
Number of Employees
- Kentucky Bancshares, Inc.
- 339 Main Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KTYB||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jul 1995|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 00:49|
|End of Day Share Price||2020/02/20 00:00|
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.