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QNTO

Quaint Oak Bancorp OTCPK:QNTO Stock Report

Last Price

US$22.75

Market Cap

US$46.4m

7D

-1.1%

1Y

26.4%

Updated

04 Oct, 2022

Data

Company Financials
QNTO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

QNTO Stock Overview

Quaint Oak Bancorp, Inc., through its subsidiary Quaint Oak Bank that operates as a chartered stock savings bank.

Quaint Oak Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Quaint Oak Bancorp
Historical stock prices
Current Share PriceUS$22.75
52 Week HighUS$24.75
52 Week LowUS$17.97
Beta0.21
1 Month Change-5.60%
3 Month Change-6.95%
1 Year Change26.39%
3 Year Change70.06%
5 Year Change76.36%
Change since IPO364.29%

Recent News & Updates

Shareholder Returns

QNTOUS MortgageUS Market
7D-1.1%5.9%4.4%
1Y26.4%-28.9%-18.2%

Return vs Industry: QNTO exceeded the US Mortgage industry which returned -31.9% over the past year.

Return vs Market: QNTO exceeded the US Market which returned -20% over the past year.

Price Volatility

Is QNTO's price volatile compared to industry and market?
QNTO volatility
QNTO Average Weekly Movement2.8%
Mortgage Industry Average Movement3.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: QNTO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: QNTO's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1926114Robert Stronghttps://www.quaintoak.com

Quaint Oak Bancorp, Inc., through its subsidiary Quaint Oak Bank that operates as a chartered stock savings bank. The company operates in two segments, Banking and Mortgage Banking. It accepts deposits from the general public through various deposit programs, which include money market accounts, certificates of deposit, non-interest-bearing checking accounts for businesses and consumers, and savings accounts.

Quaint Oak Bancorp Fundamentals Summary

How do Quaint Oak Bancorp's earnings and revenue compare to its market cap?
QNTO fundamental statistics
Market CapUS$46.44m
Earnings (TTM)US$7.88m
Revenue (TTM)US$37.29m

5.9x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QNTO income statement (TTM)
RevenueUS$37.29m
Cost of RevenueUS$0
Gross ProfitUS$37.29m
Other ExpensesUS$29.40m
EarningsUS$7.88m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.86
Gross Margin100.00%
Net Profit Margin21.14%
Debt/Equity Ratio254.0%

How did QNTO perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

12%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is QNTO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QNTO?

Other financial metrics that can be useful for relative valuation.

QNTO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does QNTO's PE Ratio compare to its peers?

QNTO PE Ratio vs Peers
The above table shows the PE ratio for QNTO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average36.7x
HVBC HV Bancorp
18xn/aUS$48.8m
CNNB Cincinnati Bancorp
67.5xn/aUS$42.7m
BYFC Broadway Financial
54.2xn/aUS$83.0m
NIDB Northeast Indiana Bancorp
7.2xn/aUS$49.4m
QNTO Quaint Oak Bancorp
5.9xn/aUS$46.4m

Price-To-Earnings vs Peers: QNTO is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (36.7x).


Price to Earnings Ratio vs Industry

How does QNTO's PE Ratio compare vs other companies in the US Mortgage Industry?

Price-To-Earnings vs Industry: QNTO is good value based on its Price-To-Earnings Ratio (5.9x) compared to the US Mortgage industry average (11.4x)


Price to Earnings Ratio vs Fair Ratio

What is QNTO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QNTO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate QNTO's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of QNTO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: QNTO ($22.75) is trading above our estimate of fair value ($20.36)

Significantly Below Fair Value: QNTO is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.0%

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 Quaint Oak 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.


Discover growth companies

  • Check out Quaint Oak Bancorp's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • 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 Quaint Oak Bancorp's filings and announcements here.

Past Performance

How has Quaint Oak Bancorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


35.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: QNTO has high quality earnings.

Growing Profit Margin: QNTO's current net profit margins (21.1%) are higher than last year (20.6%).


Past Earnings Growth Analysis

Earnings Trend: QNTO's earnings have grown significantly by 35.3% per year over the past 5 years.

Accelerating Growth: QNTO's earnings growth over the past year (70.6%) exceeds its 5-year average (35.3% per year).

Earnings vs Industry: QNTO earnings growth over the past year (70.6%) exceeded the Mortgage industry 0.4%.


Return on Equity

High ROE: Whilst QNTO's Return on Equity (23.62%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: QNTO's Assets to Equity ratio (17.8x) is moderate.

Allowance for Bad Loans: QNTO has a sufficient allowance for bad loans (378%).

Low Risk Liabilities: 83% of QNTO's liabilities are made up of primarily low risk sources of funding.

Loan Level: QNTO has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: QNTO's Loans to Deposits ratio (93%) is appropriate.

Level of Bad Loans: QNTO has an appropriate level of bad loans (0.3%).


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Dividend

What is Quaint Oak Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.28%

Current Dividend Yield

Dividend Yield vs Market

Quaint Oak Bancorp Dividend Yield vs Market
How does Quaint Oak Bancorp dividend yield compare to the market?
SegmentDividend Yield
Company (Quaint Oak Bancorp)2.3%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Mortgage)6.4%
Analyst forecast in 3 Years (Quaint Oak Bancorp)n/a

Notable Dividend: QNTO's dividend (2.29%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: QNTO's dividend (2.29%) is low compared to the top 25% of dividend payers in the US market (4.63%).


Stability and Growth of Payments

Stable Dividend: QNTO's dividends per share have been stable in the past 10 years.

Growing Dividend: QNTO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.8%), QNTO's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

15.5yrs

Average management tenure


CEO

Robert Strong (75 yo)

22.75yrs

Tenure

US$610,391

Compensation

Mr. Robert T. Strong has been the President and Chief Executive Officer at Quaint Oak Bank since June, 2001. Mr. Strong has been President and Chief Executive Officer at Quaint Oak BanCorp, Inc since March...


CEO Compensation Analysis

Robert Strong's Compensation vs Quaint Oak Bancorp Earnings
How has Robert Strong's remuneration changed compared to Quaint Oak Bancorp's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$8m

Mar 31 2022n/an/a

US$8m

Dec 31 2021US$610kUS$344k

US$6m

Sep 30 2021n/an/a

US$5m

Jun 30 2021n/an/a

US$5m

Mar 31 2021n/an/a

US$4m

Dec 31 2020US$509kUS$334k

US$3m

Sep 30 2020n/an/a

US$3m

Jun 30 2020n/an/a

US$3m

Mar 31 2020n/an/a

US$2m

Dec 31 2019US$447kUS$322k

US$2m

Sep 30 2019n/an/a

US$2m

Jun 30 2019n/an/a

US$2m

Mar 31 2019n/an/a

US$2m

Dec 31 2018US$581kUS$312k

US$2m

Sep 30 2018n/an/a

US$2m

Jun 30 2018n/an/a

US$2m

Mar 31 2018n/an/a

US$2m

Dec 31 2017US$375kUS$297k

US$1m

Sep 30 2017n/an/a

US$2m

Jun 30 2017n/an/a

US$2m

Mar 31 2017n/an/a

US$1m

Dec 31 2016US$367kUS$280k

US$1m

Sep 30 2016n/an/a

US$1m

Jun 30 2016n/an/a

US$1m

Mar 31 2016n/an/a

US$1m

Dec 31 2015US$339kUS$270k

US$1m

Compensation vs Market: Robert's total compensation ($USD610.39K) is about average for companies of similar size in the US market ($USD772.75K).

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


Leadership Team

Experienced Management: QNTO's management team is seasoned and experienced (15.5 years average tenure).


Board Members

Experienced Board: QNTO's board of directors are seasoned and experienced ( 36.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

OTCPK:QNTO Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
09 May 22BuyUS$4,780James ClarkeIndividual200US$23.90
11 Feb 22BuyUS$6,519James ClarkeIndividual300US$21.81
09 Dec 21BuyUS$7,790James ClarkeIndividual400US$19.55

Ownership Breakdown

What is the ownership structure of QNTO?
Owner TypeNumber of SharesOwnership Percentage
Institutions29,7001.5%
Employee Share Scheme101,5565.0%
Individual Insiders791,00238.8%
General Public1,118,92254.8%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.


Top Shareholders

Top 13 shareholders own 45.18% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.05%
Robert Strong
225,590$5.1m7.57%no data
8.9%
Phil Lifschitz
181,600$4.1m0%no data
4.98%
Quaint Oak Bancorp, Inc., ESOP
101,556$2.3m0%no data
3.52%
John Augustine
71,837$1.6m0%no data
3.11%
James Clarke
63,440$1.4m0.79%no data
2.94%
Robert Phillips
59,973$1.4m0%no data
2.5%
George Ager
51,052$1.2m2.61%no data
2.03%
Kenneth Gant
41,390$941.6k0%no data
1.46%
Andrew DiPiero
29,788$677.7k0%no data
1.46%
Maltese Capital Management, LLC
29,700$675.7k-25.19%0.15%
1.34%
Diane Colyer
27,312$621.3k1.28%no data
1.31%
William Gonzalez
26,701$607.4k-0.67%no data
0.6%
Aimee Ott
12,319$280.3k33.05%no data

Company Information

Quaint Oak Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Quaint Oak Bancorp, Inc.
  • Ticker: QNTO
  • Exchange: OTCPK
  • Founded: 1926
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$46.437m
  • Shares outstanding: 2.04m
  • Website: https://www.quaintoak.com

Number of Employees


Location

  • Quaint Oak Bancorp, Inc.
  • 501 Knowles Avenue
  • Southampton
  • Pennsylvania
  • 18966
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QNTOOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJul 2007

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.