OTCPK:PRMY

Stock Analysis Report

Executive Summary

Primary Bank provides various financial services to small and medium-sized businesses, professionals, municipalities, and non-profit organizations.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Risks

  • Primary Bank is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:PRMY

-1.8%

US Banks

0.2%

US Market


1 Year Return

n/a

OTCPK:PRMY

-15.3%

US Banks

-0.7%

US Market

No trading data on PRMY.

No trading data on PRMY.


Share holder returns

PRMYIndustryMarket
7 Day0%-1.8%0.2%
30 Day0%-6.4%-2.7%
90 Dayn/a-4.0%1.6%
1 Yearn/a-12.9%-15.3%1.6%-0.7%
3 Yearn/a41.3%31.7%40.0%30.9%
5 Yearn/a50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

27.58x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Primary Bank to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Primary Bank to establish if it is available at substantial discount.


Price Based on Earnings

Primary Bank is overvalued based on earnings compared to the US Banks industry average.

Primary Bank is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

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


Price Based on Value of Assets

Primary Bank is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

22.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Primary Bank is high growth as no revenue estimate data is available.

Primary Bank's earnings are expected to grow significantly at over 20% yearly.

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

Primary Bank's earnings growth is expected to exceed the United States of America market average.

Primary Bank'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 Primary Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Primary Bank performed over the past 5 years?

100.0%

Last years revenue growth


Earnings and Revenue History


Past Earnings Growth Analysis

Unable to establish if Primary Bank's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Unable to compare Primary Bank's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.

Primary Bank has become profitable in the last year making it difficult to compare the US Banks industry average.


Return on Equity

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


Return on Assets

Primary Bank 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 Primary Bank 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 Primary Bank'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

Primary Bank has an acceptable proportion of non-loan assets held.

Unable to establish if Primary Bank has a sufficient allowance for bad loans without relevant financial data.

Primary Bank's liabilities are made up of primarily low risk sources of funding.

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

Loans at Primary Bank are broadly funded by customer deposits.

Unable to establish if Primary Bank has an acceptable level of bad loans without bad loans data.


Next Steps

Dividend

What is Primary Bank's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Primary Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Primary Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Primary Bank has not reported any payouts.

Unable to verify if Primary Bank's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Primary Bank has not reported any payouts.


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 Primary Bank's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Bill Stone (61yo)

0.0yrs

Tenure

0

William E. Stone is a Senior Bank Executive with more than 30 years of diverse banking experience. For 13 years, Mr. Stone served as President of Bank of New England as well as serving as a Member of its B ...


Management Age and Tenure

1.9yrs

Average Tenure

The average tenure for the Primary Bank management team is less than 2 years, this suggests a new team.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Renate Wallem

    Senior VP & COO

    • Tenure: 0.0yrs
  • Bill Stone (61yo)

    Director

    • Tenure: 0.0yrs
  • Crystal Dionne

    Senior VP & CFO

    • Tenure: 1.9yrs
  • Joe Bator

    Executive VP & Senior Lender

    • Tenure: 2.6yrs
  • Thomas Conaton

    Senior VP and Team Leader of Lending

    • Tenure: 0.0yrs
  • Melissa Page

    Assistant VP & Marketing Director

    • Tenure: 0.6yrs

Board Members

  • J. Hickey

    Director

    • Tenure: 0.0yrs
  • Bill Greiner

    Chairman of the Board

    • Tenure: 0.0yrs
  • Marie McKay (56yo)

    Director

    • Tenure: 0.0yrs
  • Dan Sklar

    Director

    • Tenure: 0.0yrs
  • Harry Crews

    Vice Chairman of the Board

    • Tenure: 0.0yrs
  • Dick Anagnost

    Director

    • Tenure: 0.0yrs
  • Gray Chynoweth

    Director

    • Tenure: 0.0yrs
  • Bill Stone (61yo)

    Director

    • Tenure: 0.0yrs
  • Honorable Lynch

    Director

    • Tenure: 0.0yrs
  • Ken Solinsky

    Director

    • Tenure: 0.0yrs

Company Information

Primary Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Primary Bank
  • Ticker: PRMY
  • Exchange: OTCPK
  • Founded: 2015
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$39.148m
  • Shares outstanding: 3.05m
  • Website: https://www.primarybanknh.com

Location

  • Primary Bank
  • 207 Route 101
  • Bedford
  • New Hampshire
  • 3110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRMYOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 2016

Biography

Primary Bank provides various financial services to small and medium-sized businesses, professionals, municipalities, and non-profit organizations. The company accepts deposits, including savings, checking ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 01:02
End of Day Share Price2019/08/07 00:00
Earnings2018/12/31
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.