OTCPK:PMHG

Stock Analysis Report

Prime Meridian Holding

Executive Summary

Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides consumer and commercial banking products and services to individuals and businesses in the United States.

Snowflake

Fundamentals

Flawless balance sheet and slightly overvalued.

Risks

  • Prime Meridian Holding is not covered by any analysts.

Share Price & News

How has Prime Meridian Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.1%

OTCPK:PMHG

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-18.6%

OTCPK:PMHG

-16.1%

US Banks

-3.0%

US Market

PMHG underperformed the Banks industry which returned -16.1% over the past year.

PMHG underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

PMHGIndustryMarket
7 Day-1.1%-1.8%-1.6%
30 Day-8.4%-10.6%-5.8%
90 Dayn/a-5.0%0.2%
1 Year-18.1%-18.6%-13.7%-16.1%-0.8%-3.0%
3 Year32.1%30.2%37.9%28.5%38.0%29.1%
5 Yearn/a49.4%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is Prime Meridian Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Prime Meridian Holding undervalued based on future cash flows and its price relative to the stock market?

14.8x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

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

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


Price Based on Earnings

Prime Meridian Holding is overvalued based on earnings compared to the US Banks industry average.

Prime Meridian Holding 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 Prime Meridian Holding, we can't assess if its growth is good value.


Price Based on Value of Assets

Prime Meridian Holding is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Prime Meridian Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Prime Meridian Holding is high growth as no revenue estimate data is available.

Prime Meridian Holding's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).

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

Prime Meridian Holding's earnings growth is positive but not above the United States of America market average.

Prime Meridian Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Prime Meridian Holding performed over the past 5 years?

28.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Prime Meridian Holding has delivered over 20% year on year earnings growth in the past 5 years.

Prime Meridian Holding's 1-year earnings growth is less than its 5-year average (19.7% vs 28.5%)

Prime Meridian Holding's earnings growth has not exceeded the US Banks industry average in the past year (19.7% vs 33.1%).


Return on Equity

Prime Meridian Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Prime Meridian Holding used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Prime Meridian Holding 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 Prime Meridian Holding'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

Prime Meridian Holding has an acceptable proportion of non-loan assets held.

Prime Meridian Holding has a sufficient allowance for bad loans.

Prime Meridian Holding's liabilities are made up of primarily low risk sources of funding.

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

Loans at Prime Meridian Holding are broadly funded by customer deposits.

Prime Meridian Holding has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Prime Meridian Holding's current dividend yield, its reliability and sustainability?

0.65%

Current Dividend Yield


Dividend Yield and Payments Analysis

Prime Meridian Holding's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Prime Meridian Holding's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Prime Meridian Holding is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.

Prime Meridian Holding is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Prime Meridian Holding's dividends as it is not paying a notable one for United States of America.


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 Prime Meridian Holding's salary, the management and board of directors tenure and is there insider trading?

9.6yrs

Average board tenure


CEO

Sammie Dixon (49yo)

0.0yrs

Tenure

US$514,672

Compensation

Sammie D. Dixon, Jr. was part of the management team that formed both the Bank and Prime Meridian. He was elected Vice Chairman in February 2018 and also serves as President and Chief Executive Officer of ...


CEO Compensation Analysis

Sammie's remuneration is about average for companies of similar size in United States of America.

Sammie's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Board Age and Tenure

9.6yrs

Average Tenure

66.5yo

Average Age

The tenure for the Prime Meridian Holding board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Michael Micallef (69yo)

    Market President & Director

    • Tenure: 0.4yrs
  • Sammie Dixon (49yo)

    Vice Chairman

    • Tenure: 0.0yrs
    • Compensation: US$514.67k
  • Susan Turner (52yo)

    Executive VP & Chief Risk Officer

    • Tenure: 0.0yrs
  • Clint Weber (37yo)

    Executive VP & CFO

    • Tenure: 0.3yrs
  • Monté Ward (37yo)

    Executive VP & Chief Information Officer

    • Tenure: 0.3yrs

Board Members

  • Steve Smith (66yo)

    Director

    • Tenure: 9.6yrs
    • Compensation: US$18.06k
  • R. Guemple (67yo)

    Director

    • Tenure: 9.6yrs
    • Compensation: US$242.93k
  • Michael Micallef (69yo)

    Market President & Director

    • Tenure: 0.4yrs
  • Rick Weidner (74yo)

    Chairman of the Board

    • Tenure: 9.6yrs
    • Compensation: US$18.61k
  • Sammie Dixon (49yo)

    Vice Chairman

    • Tenure: 0.0yrs
    • Compensation: US$514.67k
  • Kathy Jones (66yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: US$71.88k
  • William Crona (70yo)

    Director

    • Tenure: 9.6yrs
    • Compensation: US$15.51k
  • Steven Evans (71yo)

    Director

    • Tenure: 9.6yrs
    • Compensation: US$15.02k
  • Rip Kirby (52yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: US$13.07k
  • Frank Langston (61yo)

    Director

    • Tenure: 9.6yrs
    • Compensation: US$14.85k

Company Information

Prime Meridian Holding Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Prime Meridian Holding Company
  • Ticker: PMHG
  • Exchange: OTCPK
  • Founded: 2008
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$58.348m
  • Shares outstanding: 3.15m
  • Website: https://www.primemeridianbank.com

Number of Employees


Location

  • Prime Meridian Holding Company
  • 1897 Capital Circle NE
  • Second Floor
  • Tallahassee
  • Florida
  • 32308
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PMHGOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2015

Biography

Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides consumer and commercial banking products and services to individuals and businesses in the United S ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 00:52
End of Day Share Price2019/08/23 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.