OTCPK:PFLC

Stock Analysis Report

Executive Summary

Pacific Financial Corporation operates as the bank holding company for Bank of the Pacific that provides various banking products and services to small to medium-sized businesses and professionals in Washington and Oregon, the United States.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Risks

  • Pacific Financial is not covered by any analysts.

Share Price & News

How has Pacific Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.1%

OTCPK:PFLC

2.4%

US Banks

2.9%

US Market


1 Year Return

-12.3%

OTCPK:PFLC

-14.8%

US Banks

0.2%

US Market

PFLC outperformed the Banks industry which returned -13.6% over the past year.

PFLC underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

PFLCIndustryMarket
7 Day-3.1%2.4%2.9%
30 Day-2.6%-6.3%-2.3%
90 Day-0.5%-2.1%3.1%
1 Year-8.3%-12.3%-12.4%-14.8%2.4%0.2%
3 Year68.9%54.0%41.7%32.0%41.7%32.4%
5 Year112.8%82.0%52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

How volatile is Pacific Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

9.04x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Pacific Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Pacific Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Pacific Financial is good value based on earnings compared to the US Banks industry average.

Pacific Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Pacific Financial, we can't assess if its growth is good value.


Price Based on Value of Assets

Pacific Financial is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

0.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Pacific Financial is high growth as no revenue estimate data is available.

Pacific Financial's earnings are expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare Pacific Financial's revenue growth to the United States of America market average as no estimate data is available.

Pacific Financial's earnings growth is positive but not above the United States of America market average.

Pacific Financial's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Pacific Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Pacific Financial performed over the past 5 years?

20.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Pacific Financial has delivered over 20% year on year earnings growth in the past 5 years.

Pacific Financial's 1-year earnings growth exceeds its 5-year average (54.3% vs 20.4%)

Pacific Financial's earnings growth has exceeded the US Banks industry average in the past year (54.3% vs 33.2%).


Return on Equity

Pacific Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Pacific Financial used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Pacific Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Pacific Financial'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Pacific Financial has an acceptable proportion of non-loan assets held.

Pacific Financial has a sufficient allowance for bad loans.

Pacific Financial's liabilities are made up of primarily low risk sources of funding.

Pacific Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Pacific Financial are broadly funded by customer deposits.

Pacific Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Pacific Financial's current dividend yield, its reliability and sustainability?

3.60%

Current Dividend Yield


Dividend Yield and Payments Analysis

Pacific Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

Pacific Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

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

Dividends paid are well covered by earnings (4.1x 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.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Denise Portmann (46yo)

4.3yrs

Tenure

US$352,052

Compensation

Ms. Denise J. Portmann has been the Chief Executive Officer and President of Pacific Financial Corporation since May 1, 2015. Ms. Portmann has been the Chief Executive Officer and President of Bank of Paci ...


CEO Compensation Analysis

Insufficient data for Denise to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Denise's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.3yrs

Average Tenure

54yo

Average Age

The tenure for the Pacific Financial management team is about average.


Board Age and Tenure

6.0yrs

Average Tenure

63yo

Average Age

The tenure for the Pacific Financial board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Doug Biddle (65yo)

    Executive VP

    • Tenure: 5.5yrs
    • Compensation: US$213.53k
  • Denise Portmann (46yo)

    President

    • Tenure: 4.3yrs
    • Compensation: US$352.05k
  • Dan Kuenzi (54yo)

    Chief Credit Officer & Executive VP

    • Tenure: 2.3yrs
  • Tom Baker

    Executive VP & COO

    • Tenure: 0.0yrs
  • Lisa Dutton

    Investor Relations Officer & Corporate Secretary

    • Tenure: 0.0yrs

Board Members

  • John Van Dijk (71yo)

    Director

    • Tenure: 6.5yrs
    • Compensation: US$27.15k
  • Doug Schermer (57yo)

    Vice Chairman of the Board

    • Tenure: 2.7yrs
    • Compensation: US$26.55k
  • Randy Rognlin (62yo)

    Chairman of the Board

    • Tenure: 3.3yrs
    • Compensation: US$27.00k
  • Ed Ketel (67yo)

    Director

    • Tenure: 16.9yrs
    • Compensation: US$24.75k
  • Susan Freese (64yo)

    Director

    • Tenure: 18.0yrs
    • Compensation: US$25.95k
  • Randy Rust (70yo)

    Director

    • Tenure: 16.1yrs
    • Compensation: US$25.05k
  • Denise Portmann (46yo)

    President

    • Tenure: 4.3yrs
    • Compensation: US$352.05k
  • Dwayne Carter (65yo)

    Director

    • Tenure: 8.3yrs
    • Compensation: US$25.80k
  • Kristi Gundersen (58yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: US$24.05k
  • Dan Tupper (45yo)

    Director

    • Tenure: 5.0yrs
    • Compensation: US$24.95k

Company Information

Pacific Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pacific Financial Corporation
  • Ticker: PFLC
  • Exchange: OTCPK
  • Founded: 1971
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$117.595m
  • Shares outstanding: 10.59m
  • Website: https://www.bankofthepacific.com

Number of Employees


Location

  • Pacific Financial Corporation
  • 1216 Skyview Drive
  • Aberdeen
  • Washington
  • 98520
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PFLCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2003

Biography

Pacific Financial Corporation operates as the bank holding company for Bank of the Pacific that provides various banking products and services to small to medium-sized businesses and professionals in Washi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:54
End of Day Share Price2019/08/20 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.