OTCPK:TSBA

Stock Analysis Report

Executive Summary

Touchstone Bank provides depository and lending services to individuals and businesses.

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.2%

TSBA

1.4%

US Banks

1.0%

US Market


1 Year Return

-5.5%

TSBA

0.2%

US Banks

6.7%

US Market

Return vs Industry: TSBA underperformed the US Banks industry which returned 0.2% over the past year.

Return vs Market: TSBA underperformed the US Market which returned 6.7% over the past year.


Share holder returns

TSBAIndustryMarket
7 Day-0.2%1.4%1.0%
30 Day0%-2.6%-1.8%
90 Day4.7%0.8%-1.8%
1 Year-3.4%-5.5%3.1%0.2%9.1%6.7%
3 Year36.8%27.4%52.0%41.5%46.1%36.6%
5 Year71.3%50.6%69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

24.72x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: TSBA ($13.25) is trading above our estimate of fair value ($3.66)

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


Price Based on Earnings

PE vs Industry: TSBA is poor value based on its PE Ratio (24.7x) compared to the Banks industry average (12.5x).

PE vs Market: TSBA is poor value based on its PE Ratio (24.7x) compared to the US market (17.5x).


Price Based on Expected Growth

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


Price Based on Value of Assets

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


Next Steps

Future Growth

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

16.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: TSBA's forecast earnings growth (16% per year) is above the savings rate (2.7%).

Earnings vs Market: TSBA's earnings (16% per year) are forecast to grow faster than the US market (14.5% per year).

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

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

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


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Touchstone Bank performed over the past 5 years?

-3.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TSBA's earnings have declined by -3.9% per year over the past 5 years.

Accelerating Growth: TSBA's earnings growth over the past year (52.4%) exceeds its 5-year average (-3.9% per year).

Earnings vs Industry: TSBA earnings growth over the past year (52.4%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: TSBA's Return on Equity (4.8%) is considered low.


Return on Assets

ROA vs Industry: TSBA'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 TSBA's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Touchstone 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: TSBA has a low level of unsold assets or inventory.

Debt Coverage by Assets: TSBA's debt is covered by short term assets (assets are 1.960290x debt).


Financial Institutions Analysis

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

Allowance for Bad Loans: Insufficient data to determine if TSBA has a sufficient allowance for bad loans.

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

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

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

Level of Bad Loans: Insufficient data to determine if TSBA has an appropriate level of bad loans.


Next Steps

Dividend

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

2.11%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: TSBA's dividend (2.11%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: TSBA's dividend (2.11%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.2%), TSBA's dividend payments are 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 Touchstone Bank's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

James Black (47yo)

1.9yrs

Tenure

0

Mr. James R. Black, CFA, serves as the President, Chief Executive Officer and Director at Touchstone Bank. Mr. Black has been Chief Executive Officer and President of CCB Bankshares, Inc. since November 2, ...


Management Age and Tenure

1.6yrs

Average Tenure

54yo

Average Age

Experienced Management: TSBA's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

5.2yrs

Average Tenure

60.5yo

Average Age

Experienced Board: TSBA's board of directors are considered experienced (5.2 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

  • Mark Debes (54yo)

    Chief Banking Officer

    • Tenure: 1.6yrs
  • James Black (47yo)

    President

    • Tenure: 1.9yrs
  • Mark Stevens

    Senior VP & Regional Marketing Executive

    • Tenure: 0yrs
  • Justin Clay

    VP & Controller

    • Tenure: 0yrs
  • Joe Pennington (46yo)

    CFO & Executive VP

    • Tenure: 0.8yrs
  • Christy Quesenbery (60yo)

    Executive VP & COO

    • Tenure: 2.8yrs
  • Vera Primm (64yo)

    Executive VP & Chief Accounting Officer

    • Tenure: 0.8yrs
  • Guy Adamson

    Vice President of Investment Department and Investment Officer of Investment Department

    • Tenure: 0yrs
  • Dan Stewart

    Chief Credit Officer

    • Tenure: 0yrs
  • Keisha Cachie

    Corporate Secretary

    • Tenure: 0yrs

Board Members

  • Dickie Liles (69yo)

    Chairman of the Board

    • Tenure: 1.9yrs
    • Compensation: US$170.64k
  • Rudy Hawkins (71yo)

    Director

    • Tenure: 22.4yrs
    • Compensation: US$5.50k
  • Harry Baird (64yo)

    Director

    • Tenure: 22.4yrs
    • Compensation: US$7.25k
  • Joan Clarke (71yo)

    Director

    • Tenure: 13yrs
    • Compensation: US$6.75k
  • James Black (47yo)

    President

    • Tenure: 1.9yrs
  • Norman Wagstaff (57yo)

    Vice Chairman of the Board

    • Tenure: 2.8yrs
  • James Deadmon (52yo)

    Director

    • Tenure: 7.7yrs
  • Tommy Edmunds (61yo)

    Director

    • Tenure: 7.7yrs
  • G. Baird (60yo)

    Director

    • Tenure: 1.9yrs
  • Mark Specter (60yo)

    Director

    • Tenure: 1.8yrs

Company Information

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


Key Information

  • Name: Touchstone Bank
  • Ticker: TSBA
  • Exchange: OTCPK
  • Founded: 1906
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$44.010m
  • Shares outstanding: 3.32m
  • Website: https://www.touchstone.bank

Number of Employees


Location

  • Touchstone Bank
  • 4300 Crossings Boulevard
  • Prince George
  • Virginia
  • 23875
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TSBAOTCPK (Pink Sheets LLC)YesCommon StockUSUSDSep 1997

Biography

Touchstone Bank provides depository and lending services to individuals and businesses. The company offers checking, savings, and individual retirement accounts, as well as personal certificates of deposit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:05
End of Day Share Price2019/10/10 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.

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