OTCPK:MDCT

Stock Analysis Report

MidCoast Community Bancorp

Executive Summary

MidCoast Community Bancorp, Inc. is a bank holding company.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.6%

MDCT

2.9%

US Banks

0.07%

US Market


1 Year Return

n/a

MDCT

8.6%

US Banks

8.9%

US Market

Return vs Industry: Insufficient data to determine how MDCT performed against the US Banks industry.

Return vs Market: Insufficient data to determine how MDCT performed against the US Market.


Shareholder returns

MDCTIndustryMarket
7 Day0.6%2.9%0.07%
30 Day2.3%3.4%-0.3%
90 Day-7.6%2.1%-1.6%
1 Yearn/a11.8%8.6%11.3%8.9%
3 Yearn/a54.8%44.1%46.3%36.8%
5 Yearn/a70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

How volatile is MidCoast Community Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is MidCoast Community Bancorp undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether MidCoast Community Bancorp is trading at an attractive price based on the cash flow it is expected to produce in the future. But as MidCoast Community Bancorp has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of MDCT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through MidCoast Community Bancorp regulatory filings here.
  • Explore potentially undervalued companies in the Banks industry.

Future Growth

How is MidCoast Community Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.6%

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 MidCoast Community Bancorp 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.


Next Steps

  • Take a look at our analysis of MDCT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • 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 MidCoast Community Bancorp's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has MidCoast Community Bancorp performed over the past 5 years?

15.7%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, MidCoast Community Bancorp has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is MidCoast Community Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse MidCoast Community Bancorp's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. MidCoast Community Bancorp has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of MDCT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. 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.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when MidCoast Community Bancorp's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MDCT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MDCT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MDCT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MDCT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MDCT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of MidCoast Community Bancorp's salary, the management and board of directors tenure and is there insider trading?

9.3yrs

Average board tenure


CEO

Eric Hoerner (60yo)

4.8yrs

Tenure

US$228,860

Compensation

Mr. Eric G. Hoerner has been Chief Executive Officer of MidCoast Community Bancorp Inc. since January 26, 2015. Mr. Hoerner has been a Director of MidCoast Community Bancorp Inc. and MidCoast Community Ban ...


Board Age and Tenure

9.3yrs

Average Tenure

60yo

Average Age

Experienced Board: MDCT's board of directors are considered experienced (9.3 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.


Ownership Breakdown


Management Team

  • Eric Hoerner (60yo)

    CEO & Director

    • Tenure: 4.8yrs
    • Compensation: US$228.86k
  • Bill Lattanzio

    Senior VP & Chief Banking Officer of MidCoast Community Bank

    • Tenure: 0yrs
  • Eric Morgan

    Senior VP & Chief Credit Officer

    • Tenure: 0yrs
  • Stephen Lyons

    Senior VP & CFO

    • Tenure: 0yrs

Board Members

  • Eric Hoerner (60yo)

    CEO & Director

    • Tenure: 4.8yrs
    • Compensation: US$228.86k
  • Robert Dayton (66yo)

    Independent Director

    • Tenure: 12.8yrs
  • Terry Lehman (61yo)

    Director

    • Tenure: 4.8yrs
  • Robert Aerenson (58yo)

    Independent Director

    • Tenure: 12.8yrs
  • Ronald Schafer (59yo)

    Independent Director

    • Tenure: 12.8yrs
  • L. Temple (70yo)

    Chairman of the Board

    • Tenure: 0yrs
  • Joy Barrist (43yo)

    Director

    • Tenure: 1.9yrs

Company Information

MidCoast Community Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MidCoast Community Bancorp, Inc.
  • Ticker: MDCT
  • Exchange: OTCPK
  • Founded: 2010
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$27.944m
  • Shares outstanding: 4.48m
  • Website: https://www.midcoastbankonline.com

Location

  • MidCoast Community Bancorp, Inc.
  • 1011 Centre Road
  • Suites 117 & 119
  • Wilmington
  • Delaware
  • 19805
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MDCTOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2017
MDCTUNQ-USA (Unquoted - United States)YesCommon SharesUSUSDAug 2017

Biography

MidCoast Community Bancorp, Inc. is a bank holding company. The company through its subsidiary offers banking services. The company was founded in 2010 and is based in Wilmington, Delaware. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:15
End of Day Share Price2019/10/17 00:00
EarningsN/A
Annual EarningsN/A


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.