OTCPK:PBCO

Stock Analysis Report

People's Bank of Commerce

Executive Summary

People's Bank of Commerce provides banking services to businesses and individuals primarily in Southern Oregon.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Share Price & News

How has People's Bank of Commerce's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.0%

PBCO

1.4%

US Banks

1.0%

US Market


1 Year Return

7.3%

PBCO

0.2%

US Banks

6.7%

US Market

Return vs Industry: PBCO exceeded the US Banks industry which returned 0.2% over the past year.

Return vs Market: PBCO exceeded the US Market which returned 6.7% over the past year.


Share holder returns

PBCOIndustryMarket
7 Day-3.0%1.4%1.0%
30 Day-4.6%-2.6%-1.8%
90 Day-7.1%0.8%-1.8%
1 Year7.3%7.3%3.1%0.2%9.1%6.7%
3 Year75.3%75.3%52.0%41.5%46.1%36.6%
5 Year113.1%113.1%69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

How volatile is People's Bank of Commerce's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is People's Bank of Commerce undervalued based on future cash flows and its price relative to the stock market?

12.26x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: PBCO ($14.31) is trading above our estimate of fair value ($9.51)

Significantly Undervalued: PBCO is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: PBCO is good value based on its PE Ratio (12.3x) compared to the Banks industry average (12.5x).

PE vs Market: PBCO is good value based on its PE Ratio (12.3x) compared to the US market (17.5x).


Price Based on Expected Growth

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


Price Based on Value of Assets

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


Next Steps

Future Growth

How is People's Bank of Commerce expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: PBCO's forecast earnings growth (8.5% per year) is above the savings rate (2.7%).

Earnings vs Market: PBCO's earnings (8.5% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

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


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has People's Bank of Commerce performed over the past 5 years?

24.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PBCO's earnings have grown significantly by 24.2% per year over the past 5 years.

Accelerating Growth: PBCO's earnings growth over the past year (37.5%) exceeds its 5-year average (24.2% per year).

Earnings vs Industry: PBCO earnings growth over the past year (37.5%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: PBCO's Return on Equity (9.5%) is considered low.


Return on Assets

ROA vs Industry: PBCO'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 PBCO's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is People's Bank of Commerce'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: PBCO has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PBCO's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: PBCO's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if PBCO has a sufficient allowance for bad loans.

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

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

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

Level of Bad Loans: Insufficient data to determine if PBCO has an appropriate level of bad loans.


Next Steps

Dividend

What is People's Bank of Commerce's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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

High Dividend: Unable to evaluate PBCO'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 PBCO's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: PBCO is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PBCO'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 People's Bank of Commerce's salary, the management and board of directors tenure and is there insider trading?

12.8yrs

Average management tenure


CEO

Ken Trautman (63yo)

11.1yrs

Tenure

US$336,728

Compensation

Mr. Kenneth D. Trautman, Jr., also known as Ken, Co-founded People's Bank of Commerce in 1998 and has been its President and Chief Executive Officer since September 2008. Mr. Trautman worked with Western B ...


CEO Compensation Analysis

Compensation vs. Market: Ken's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD495.80K).

Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.


Management Age and Tenure

12.8yrs

Average Tenure

61yo

Average Age

Experienced Management: PBCO's management team is seasoned and experienced (12.8 years average tenure).


Board Age and Tenure

3.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: PBCO's board of directors are considered experienced (3.8 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

  • John Boyd

    Chief Credit Officer

    • Tenure: 12.8yrs
    • Compensation: US$160.11k
  • Ken Trautman (63yo)

    Co-Founder

    • Tenure: 11.1yrs
    • Compensation: US$336.73k
  • Steve Erb (56yo)

    Executive VP & Chief Banking Officer

    • Tenure: 0yrs
    • Compensation: US$138.29k
  • Jeri Reno (61yo)

    Chief Operating Officer

    • Tenure: 22.8yrs
    • Compensation: US$257.15k
  • Russ Milburn

    CFO & Corporate Secretary

    • Tenure: 12.8yrs
    • Compensation: US$232.71k

Board Members

  • William C. Laurent (54yo)

    Director

    • Tenure: 2.2yrs
  • Roy Vinyard (63yo)

    Director

    • Tenure: 5.3yrs
  • Ken Trautman (63yo)

    Co-Founder

    • Tenure: 11.1yrs
    • Compensation: US$336.73k
  • Bill Jacobs (79yo)

    Chairman of the Board

    • Tenure: 3.8yrs
  • Bob Mayers (68yo)

    Director

    • Tenure: 15.8yrs
  • Jim Wright (78yo)

    Vice Chairman of the Board

    • Tenure: 3.8yrs
  • Lindsay Berryman (74yo)

    Director

    • Tenure: 5.3yrs
  • Jim Teece (55yo)

    Director

    • Tenure: 3.2yrs
  • Kurt Kaufman

    Director

    • Tenure: 1.8yrs
  • Jackie Anderberg

    Director

    • Tenure: 1.8yrs

Company Information

People's Bank of Commerce's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: People's Bank of Commerce
  • Ticker: PBCO
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$42.648m
  • Shares outstanding: 2.98m
  • Website: https://www.peoplesbank.bank

Location

  • People's Bank of Commerce
  • 1528 Biddle Road
  • Medford
  • Oregon
  • 97504
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PBCOOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 1998

Biography

People's Bank of Commerce provides banking services to businesses and individuals primarily in Southern Oregon. It offers various deposit products, including checking, savings, and money market accounts, a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:18
End of Day Share Price2019/10/11 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.

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