Solera National Bancorp
Market Cap
US$39.4m
Last Updated
2020/08/05 23:41 UTC
Data Sources
Company Financials
Executive Summary
Solera National Bancorp, Inc. operates as the bank holding company for Solera National Bank that provides commercial and consumer banking services to small and medium-sized businesses, licensed professionals, and individuals in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
Share Price & News
How has Solera National Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SLRK has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.2%
SLRK
0.06%
US Banks
2.6%
US Market
1 Year Return
-17.0%
SLRK
-22.0%
US Banks
15.4%
US Market
Return vs Industry: SLRK exceeded the US Banks industry which returned -22.7% over the past year.
Return vs Market: SLRK underperformed the US Market which returned 16.2% over the past year.
Shareholder returns
| SLRK | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | 0.06% | 2.6% |
| 30 Day | -0.6% | 4.5% | 6.1% |
| 90 Day | 5.6% | 5.4% | 16.6% |
| 1 Year | -17.0%-17.0% | -19.3%-22.0% | 17.8%15.4% |
| 3 Year | 16.6%16.6% | -12.6%-19.6% | 43.9%34.7% |
| 5 Year | 63.8%63.8% | 11.9%-1.6% | 76.2%57.3% |
Price Volatility Vs. Market
How volatile is Solera National Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Solera National Bancorp undervalued compared to its fair value and its price relative to the market?
15.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SLRK ($9.5) is trading below our estimate of fair value ($11.21)
Significantly Below Fair Value: SLRK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SLRK is poor value based on its PE Ratio (10.3x) compared to the US Banks industry average (9.6x).
PE vs Market: SLRK is good value based on its PE Ratio (10.3x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SLRK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SLRK is overvalued based on its PB Ratio (0.9x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is Solera National Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
26.8%
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 Solera National 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.
Next Steps
- Check out Solera National 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 theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Solera National Bancorp's filings and announcementshere.
- Explore growth companies in the Banks industry.
Past Performance
How has Solera National Bancorp performed over the past 5 years?
16.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SLRK has high quality earnings.
Growing Profit Margin: SLRK's current net profit margins (37%) are lower than last year (37.2%).
Past Earnings Growth Analysis
Earnings Trend: SLRK's earnings have grown by 16.6% per year over the past 5 years.
Accelerating Growth: SLRK's earnings growth over the past year (21.1%) exceeds its 5-year average (16.6% per year).
Earnings vs Industry: SLRK earnings growth over the past year (21.1%) exceeded the Banks industry -3%.
Return on Equity
High ROE: SLRK's Return on Equity (8.7%) is considered low.
Next Steps
Financial Health
How is Solera National Bancorp'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
Financial Institutions Analysis
Asset Level: SLRK's Assets to Equity ratio (9.1x) is low.
Allowance for Bad Loans: SLRK has a sufficient allowance for bad loans (377%).
Low Risk Liabilities: 97% of SLRK's liabilities are made up of primarily low risk sources of funding.
Loan Level: SLRK has an appropriate level of Loans to Assets ratio (78%).
Low Risk Deposits: SLRK's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: SLRK has an appropriate level of bad loans (0.3%).
Next Steps
Dividend
What is Solera National Bancorp current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SLRK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SLRK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SLRK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SLRK'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 SLRK'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?
3.9yrs
Average board tenure
CEO
Marty May (55 yo)
4.75yrs
Tenure
US$161,540
Compensation
Mr. Martin P. May, also known as Marty, has been the Chief Executive Officer and President of Solera National Bancorp, Inc. and Solera National Bank since November 2015. Mr. May has more than twenty years ...
CEO Compensation Analysis
Compensation vs Market: Marty's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD606.98K).
Compensation vs Earnings: Marty's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.75yrs | US$161.54k | 0.49% $ 192.1k | |
| Executive VP | 3.17yrs | US$162.24k | 0.097% $ 38.0k | |
| Chairman of the Board | no data | no data | 49.12% $ 19.4m | |
| Independent Director | 5.08yrs | no data | 0.058% $ 22.8k | |
| Independent Director | 3.92yrs | no data | 0.022% $ 8.7k | |
| Independent Director | 2.67yrs | no data | 0.0029% $ 1.1k |
3.9yrs
Average Tenure
56.5yo
Average Age
Experienced Board: SLRK's board of directors are considered experienced (3.9 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Solera National Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Solera National Bancorp, Inc.
- Ticker: SLRK
- Exchange: OTCPK
- Founded: 2006
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$39.406m
- Shares outstanding: 4.14m
- Website: https://www.solerabank.com
Number of Employees
Location
- Solera National Bancorp, Inc.
- 319 South Sheridan Boulevard
- Lakewood
- Colorado
- 80226
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SLRK | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Oct 2007 |
Biography
Solera National Bancorp, Inc. operates as the bank holding company for Solera National Bank that provides commercial and consumer banking services to small and medium-sized businesses, licensed professiona ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/05 23:41 |
| End of Day Share Price | 2020/08/04 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.