OTCPK:VTYB

Stock Analysis Report

Executive Summary

The Victory Bancorp, Inc. operates as the bank holding company for The Victory Bank that provides commercial and consumer banking services for small and middle market commercial and retail customers in Montgomery County, Pennsylvania.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Risks

  • Victory Bancorp is not covered by any analysts.

Share Price & News

How has Victory Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

OTCPK:VTYB

3.3%

US Banks

2.1%

US Market


1 Year Return

27.4%

OTCPK:VTYB

-13.8%

US Banks

-0.04%

US Market

VTYB outperformed the Banks industry which returned -14.8% over the past year.

VTYB outperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

VTYBIndustryMarket
7 Day2.0%3.3%2.1%
30 Day6.1%-7.0%-3.2%
90 Day17.1%-2.3%2.8%
1 Year28.5%27.4%-11.3%-13.8%2.2%-0.04%
3 Yearn/a42.5%32.7%41.5%32.3%
5 Yearn/a54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

28%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Victory Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).

Victory Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Victory Bancorp is good value based on earnings compared to the US Banks industry average.

Victory Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Victory Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

Victory Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Victory Bancorp is high growth as no revenue estimate data is available.

Victory Bancorp's earnings are expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).

Unable to compare Victory Bancorp's revenue growth to the United States of America market average as no estimate data is available.

Victory Bancorp's earnings growth is positive but not above the United States of America market average.

Victory Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Victory Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Victory Bancorp performed over the past 5 years?

29.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Victory Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

Victory Bancorp's 1-year earnings growth exceeds its 5-year average (29.7% vs 29.4%)

Victory Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (29.7% vs 33.2%).


Return on Equity

Victory Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Victory Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Victory Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Victory 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

Information is not available.

Information is not available.


Financial Institutions Analysis

Victory Bancorp has an acceptable proportion of non-loan assets held.

Victory Bancorp has a sufficient allowance for bad loans.

Victory Bancorp's liabilities are made up of primarily low risk sources of funding.

Victory Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Victory Bancorp are broadly funded by customer deposits.

Victory Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Victory Bancorp's current dividend yield, its reliability and sustainability?

0.98%

Current Dividend Yield


Dividend Yield and Payments Analysis

Victory Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Victory Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Whilst dividend payments have been stable, Victory Bancorp has been paying a dividend for less than 10 years.

Dividend payments have increased, but Victory Bancorp only paid a dividend in the past 2 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (12.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Victory Bancorp's salary, the management and board of directors tenure and is there insider trading?

10.6yrs

Average board tenure


CEO

Victory Bancorp has no CEO, or we have no data on them.


Board Age and Tenure

10.6yrs

Average Tenure

64yo

Average Age

The average tenure for the Victory Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Robert Schultz (54yo)

    CFO, COO & Compliance Officer

    • Tenure: 10.6yrs
    • Compensation: US$198.80k
  • Eric Offner

    Chief Credit Officer

    • Tenure: 0.0yrs
  • Rich Graver (57yo)

    President

    • Tenure: 10.6yrs
    • Compensation: US$196.98k
  • Kelly Taylor

    Executive Assistant & Head of IR

    • Tenure: 0.0yrs

Board Members

  • Joe Major (64yo)

    Chairman of the Board

    • Tenure: 0.0yrs
    • Compensation: US$273.10k
  • Joanne Judge (66yo)

    Director

    • Tenure: 2.5yrs
  • Bo Bates (58yo)

    Director

    • Tenure: 10.6yrs
    • Compensation: US$10.80k
  • Mike Eddinger (57yo)

    Director

    • Tenure: 10.6yrs
    • Compensation: US$10.50k
  • Dennis Urffer (72yo)

    Director

    • Tenure: 10.6yrs
    • Compensation: US$11.70k
  • Alan Apt (67yo)

    Director

    • Tenure: 10.6yrs
    • Compensation: US$12.30k
  • Kevin Johnson (60yo)

    Director

    • Tenure: 10.6yrs
    • Compensation: US$11.70k
  • Bob Brant (64yo)

    Director

    • Tenure: 10.6yrs
    • Compensation: US$12.90k
  • Steven Gilmore (61yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$3.90k
  • Mary Touey

    Director

    • Tenure: 2.3yrs

Company Information

The Victory Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Victory Bancorp, Inc.
  • Ticker: VTYB
  • Exchange: OTCPK
  • Founded: 2008
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$19.871m
  • Shares outstanding: 1.95m
  • Website: https://www.victorybank.com

Number of Employees


Location

  • The Victory Bancorp, Inc.
  • 548 North Lewis Road
  • Limerick
  • Pennsylvania
  • 19468
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VTYBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2017

Biography

The Victory Bancorp, Inc. operates as the bank holding company for The Victory Bank that provides commercial and consumer banking services for small and middle market commercial and retail customers in Mon ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:41
End of Day Share Price2019/08/21 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.