OTCPK:SOME

Stock Analysis Report

Somerset Trust Holding

Executive Summary

Somerset Trust Holding Company operates as the holding company for Somerset Trust Company that provides banking products and services in Pennsylvania.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

4.7%

SOME

1.7%

US Banks

1.3%

US Market


1 Year Return

3.1%

SOME

0.3%

US Banks

5.9%

US Market

Return vs Industry: SOME exceeded the US Banks industry which returned 0.3% over the past year.

Return vs Market: SOME underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

SOMEIndustryMarket
7 Day4.7%1.7%1.3%
30 Day4.7%-2.4%-1.9%
90 Day2.9%1.0%-1.8%
1 Year6.6%3.1%3.2%0.3%8.3%5.9%
3 Year21.5%10.4%52.1%41.7%45.6%36.2%
5 Year47.9%27.1%69.8%51.4%66.1%47.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Somerset Trust Holding undervalued compared to its fair value and its price relative to the market?

9.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: SOME ($44.5) is trading above our estimate of fair value ($42.48)

Significantly Undervalued: SOME is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SOME is good value based on its PE Ratio (9.9x) compared to the Banks industry average (12.5x).

PE vs Market: SOME is good value based on its PE Ratio (9.9x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SOME is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Somerset Trust Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOME's forecast earnings growth (4.6% per year) is above the savings rate (2.7%).

Earnings vs Market: SOME's earnings (4.6% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: SOME's earnings are forecast to grow, but not significantly.

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Somerset Trust Holding performed over the past 5 years?

-2.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SOME's earnings have declined by -2.9% per year over the past 5 years.

Accelerating Growth: SOME's earnings growth over the past year (43.6%) exceeds its 5-year average (-2.9% per year).

Earnings vs Industry: SOME earnings growth over the past year (43.6%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: SOME's Return on Equity (9.6%) is considered low.


Return on Assets

ROA vs Industry: SOME's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate SOME's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Somerset Trust 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

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

Debt Coverage by Assets: SOME's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: SOME's level of assets compared to its equity is moderate.

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

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

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

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

Level of Bad Loans: SOME has an appropriate level of bad loans (0.88%)


Next Steps

Dividend

What is Somerset Trust Holding's current dividend yield, its reliability and sustainability?

3.10%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SOME's dividend (3.1%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: SOME's dividend (3.1%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.2%), SOME's dividend payments are well covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Somerset Trust Holding's salary, the management and board of directors tenure and is there insider trading?

18.8yrs

Average board tenure


CEO

G. Cook (69yo)

19.8yrs

Tenure

0

Mr. G. Henry Cook serves as Chief Executive Officer, Chairman of the Board and Director at Somerset Trust Company and also served as its President. Mr. Cook serves as Chief Executive Officer, Chairman and  ...


Board Age and Tenure

18.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: SOME's board of directors are seasoned and experienced ( 18.8 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • G. Cook (69yo)

    Chairman & CEO

    • Tenure: 19.8yrs
  • Dave Hudak

    Treasurer & CFO

    • Tenure: 0yrs
  • Jeff Cook (66yo)

    President & Director

    • Tenure: 0yrs
  • Andy Cook (63yo)

    Senior VP

    • Tenure: 9.4yrs
  • Sandy Dusack

    Controller of Somerset Trust Company

    • Tenure: 0yrs

Board Members

  • G. Cook (69yo)

    Chairman & CEO

    • Tenure: 19.8yrs
  • John Kriak (72yo)

    Director

    • Tenure: 21.8yrs
  • James Knepper (65yo)

    Director

    • Tenure: 18.8yrs
  • Barbara Davies (63yo)

    Director

    • Tenure: 19.8yrs
  • Jeff Cook (66yo)

    President & Director

    • Tenure: 0yrs
  • Andy Cook (63yo)

    Senior VP

    • Tenure: 9.4yrs
  • I. Brubaker

    Vice Chairman Emeritis

    • Tenure: 0yrs
  • Jon Clapper

    Director

    • Tenure: 0yrs
  • Vickie Beer (64yo)

    Director

    • Tenure: 14.3yrs
  • Jay Roberts (66yo)

    Director

    • Tenure: 7.9yrs

Company Information

Somerset Trust Holding Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Somerset Trust Holding Company
  • Ticker: SOME
  • Exchange: OTCPK
  • Founded: 1889
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$109.025m
  • Shares outstanding: 2.45m
  • Website: https://www.somersettrust.com

Number of Employees


Location

  • Somerset Trust Holding Company
  • 151 West Main Street
  • PO Box 777
  • Somerset
  • Pennsylvania
  • 15501
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SOMEOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 1979

Biography

Somerset Trust Holding Company operates as the holding company for Somerset Trust Company that provides banking products and services in Pennsylvania. It offers checking, savings, business, and individual  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:41
End of Day Share Price2019/10/14 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.