OTCPK:REVB

Stock Analysis Report

Executive Summary

Revere Bank, a state chartered bank, provides various commercial banking products and services for individuals, businesses, and professionals.

Rewards

PE ratio (14.1x) is below the US market (18.4x)

Earnings grew by 14.7% over the past year

Risk Analysis

Shareholders have been diluted in the past year



Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: REVB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.1%

REVB

0.3%

US Banks

0.9%

US Market


1 Year Return

26.6%

REVB

12.0%

US Banks

20.0%

US Market

Return vs Industry: REVB exceeded the US Banks industry which returned 12.1% over the past year.

Return vs Market: REVB exceeded the US Market which returned 20.1% over the past year.


Shareholder returns

REVBIndustryMarket
7 Day0.1%0.3%0.9%
30 Day-2.1%-1.3%1.4%
90 Day4.0%1.2%8.8%
1 Year26.6%26.6%15.3%12.0%22.5%20.0%
3 Year94.0%94.0%25.1%16.2%49.9%40.3%
5 Yearn/a76.7%56.6%73.2%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Revere Bank undervalued compared to its fair value and its price relative to the market?

14.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: REVB ($37.35) is trading above our estimate of fair value ($28.47)

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


Price To Earnings Ratio

PE vs Industry: REVB is poor value based on its PE Ratio (14.1x) compared to the Banks industry average (12.6x).

PE vs Market: REVB is good value based on its PE Ratio (14.1x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: REVB is overvalued based on its PB Ratio (1.5x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Revere Bank forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

2.2%

Forecasted Banks industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if REVB's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if REVB's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Revere Bank performed over the past 5 years?

39.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: REVB has high quality earnings.

Growing Profit Margin: REVB's current net profit margins (34.9%) are higher than last year (34.1%).


Past Earnings Growth Analysis

Earnings Trend: REVB's earnings have grown significantly by 39.6% per year over the past 5 years.

Accelerating Growth: REVB's earnings growth over the past year (14.7%) is below its 5-year average (39.6% per year).

Earnings vs Industry: REVB earnings growth over the past year (14.7%) exceeded the Banks industry 12.2%.


Return on Equity

High ROE: REVB's Return on Equity (10.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Revere 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

Inventory Level: REVB has a low level of unsold assets or inventory.

Debt Coverage by Assets: REVB's debt is not covered by short term assets (assets are 0.9x debt).


Financial Institutions Analysis

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

Allowance for Bad Loans: REVB has a sufficient allowance for bad loans.

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

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

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

Level of Bad Loans: REVB has an appropriate level of bad loans (0.08%)


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if REVB's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of REVB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

5.1yrs

Average board tenure


CEO

Drew Flott 0

0

Mr. Andrew F. Flott, also known as Drew, serves as Co-Chief Executive Officer and Co-President of Revere Bank. Mr. Flott served as Chief Executive Officer of Revere Bank. He is seasoned banker with over 29 ...


Board Members

NamePositionTenureCompensationOwnership
Andrew Flott
Co-President0yrsno data0.72% $3.2m
Kenneth Cook
Co-President5.1yrsno data1.56% $7.0m
J. Gaeng
Director and Regional President of Montgomery & Frederick Counties3.9yrsno data0.50% $2.2m
J. McAuliffe
Director8.1yrsno data0.15% $666.3k
Robb Cecil
Director0yrsno data0.62% $2.8m
Michael Collins
Director0yrsno data0.17% $748.9k
Christopher Hayes
Chairman of the Board0yrsno data1.23% $5.5m
Brian Lemek
Director0yrsno data2% $9.0m
Christina O'Meara
Director0yrsno data0.35% $1.6m
Henry Posko
Director0yrsno data0.69% $3.1m

5.1yrs

Average Tenure

Experienced Board: REVB's board of directors are considered experienced (5.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Revere Bank
  • Ticker: REVB
  • Exchange: OTCPK
  • Founded: 2007
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$448.392m
  • Shares outstanding: 12.01m
  • Website: https://www.reverebank.com

Number of Employees


Location

  • Revere Bank
  • 2101 Gaither Road
  • Suite 600
  • Rockville
  • Maryland
  • 20850
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
REVBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2013

Biography

Revere Bank, a state chartered bank, provides various commercial banking products and services for individuals, businesses, and professionals. It offers business and personal checking and savings, escrow, time, and retirement and money market accounts, as well as certificates of deposit; and commercial and residential mortgage, multi-family residential mortgage, bridge, short-term unsecured, auto, home equity, recreational vehicle, boat, construction, and other personal and business purpose loans, as well as revolving lines of credit. The company also provides wire transfers, revere check cards, safe deposit boxes, remote deposits, credit cards, and ATMs, as well as cash management, and Internet and mobile banking services. As of September 30, 2019, it operated 11 full-service branches in the suburban Maryland counties of Anne Arundel, Baltimore, Frederick, Howard, Montgomery, and Prince George’s. The company was founded in 2007 and is headquartered in Rockville, Maryland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 01:03
End of Day Share Price2020/02/14 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.