company background image
VTYB

Victory Bancorp OTCPK:VTYB Stock Report

Last Price

US$14.25

Market Cap

US$28.1m

7D

-0.4%

1Y

11.6%

Updated

03 Oct, 2022

Data

Company Financials
VTYB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

VTYB Stock Overview

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

Victory Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Victory Bancorp
Historical stock prices
Current Share PriceUS$14.25
52 Week HighUS$15.00
52 Week LowUS$12.78
Beta0.33
1 Month Change-5.00%
3 Month Changen/a
1 Year Change11.59%
3 Year Change41.79%
5 Year Changen/a
Change since IPO81.53%

Recent News & Updates

Shareholder Returns

VTYBUS BanksUS Market
7D-0.4%1.1%1.0%
1Y11.6%-24.1%-20.0%

Return vs Industry: VTYB exceeded the US Banks industry which returned -26.1% over the past year.

Return vs Market: VTYB exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is VTYB's price volatile compared to industry and market?
VTYB volatility
VTYB Average Weekly Movementn/a
Banks Industry Average Movement3.4%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: Insufficient data to determine VTYB's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine VTYB's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008n/aJoe Majorhttps://www.victorybank.com

The Victory Bancorp, Inc. operates as the bank holding company for The Victory Bank that provides commercial and consumer banking products and services for small and middle market commercial and retail customers in Montgomery County, Pennsylvania. The company offers checking accounts, savings and money market accounts, escrow management account, demand deposits, investment certificates, and certificates of deposit; secured and unsecured personal term loans, and line of credit; home mortgages; home equity lines of credit; revolving credit, and small business, and automobile loans. It also provides commercial term loans, commercial lines of credit, commercial mortgage/real estate loans, and construction loans; government banking, remote deposit, mobile banking, online banking and bill pay, cash management, and merchant services; and certificate of deposit account registry, insured cash sweep, and lock box services, as well as credit cards.

Victory Bancorp Fundamentals Summary

How do Victory Bancorp's earnings and revenue compare to its market cap?
VTYB fundamental statistics
Market CapUS$28.09m
Earnings (TTM)US$4.17m
Revenue (TTM)US$15.79m

6.7x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VTYB income statement (TTM)
RevenueUS$15.79m
Cost of RevenueUS$0
Gross ProfitUS$15.79m
Other ExpensesUS$11.62m
EarningsUS$4.17m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.12
Gross Margin100.00%
Net Profit Margin26.43%
Debt/Equity Ratio64.0%

How did VTYB perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

10%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is VTYB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VTYB?

Other financial metrics that can be useful for relative valuation.

VTYB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does VTYB's PE Ratio compare to its peers?

VTYB PE Ratio vs Peers
The above table shows the PE ratio for VTYB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.1x
MCHT Mauch Chunk Trust Financial
5.8xn/aUS$28.2m
MBBC Marathon Bancorp
18.3xn/aUS$24.4m
8.7xn/aUS$26.2m
CBFC CNB Financial Services
7.5xn/aUS$25.4m
VTYB Victory Bancorp
6.7xn/aUS$28.1m

Price-To-Earnings vs Peers: VTYB is good value based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (10.1x).


Price to Earnings Ratio vs Industry

How does VTYB's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: VTYB is good value based on its Price-To-Earnings Ratio (6.7x) compared to the US Banks industry average (9.4x)


Price to Earnings Ratio vs Fair Ratio

What is VTYB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VTYB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VTYB's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of VTYB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VTYB ($14.25) is trading below our estimate of fair value ($25.64)

Significantly Below Fair Value: VTYB is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.6%

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 Victory 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.


Discover growth companies

  • Examine whether Victory Bancorp is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Victory Bancorp's filings and announcements here.

Past Performance

How has Victory Bancorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: VTYB has high quality earnings.

Growing Profit Margin: VTYB's current net profit margins (26.4%) are higher than last year (23.9%).


Past Earnings Growth Analysis

Earnings Trend: VTYB's earnings have grown significantly by 24.9% per year over the past 5 years.

Accelerating Growth: VTYB's earnings growth over the past year (28.2%) exceeds its 5-year average (24.9% per year).

Earnings vs Industry: VTYB earnings growth over the past year (28.2%) exceeded the Banks industry 8.5%.


Return on Equity

High ROE: VTYB's Return on Equity (16.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Victory Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: VTYB's Assets to Equity ratio (17.7x) is moderate.

Allowance for Bad Loans: VTYB has a sufficient allowance for bad loans (1270%).

Low Risk Liabilities: 96% of VTYB's liabilities are made up of primarily low risk sources of funding.

Loan Level: VTYB has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: VTYB's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: VTYB has an appropriate level of bad loans (0.1%).


Discover healthy companies

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.82%

Current Dividend Yield

Dividend Yield vs Market

Victory Bancorp Dividend Yield vs Market
How does Victory Bancorp dividend yield compare to the market?
SegmentDividend Yield
Company (Victory Bancorp)1.8%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Banks)3.4%
Analyst forecast in 3 Years (Victory Bancorp)n/a

Notable Dividend: VTYB's dividend (1.82%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: VTYB's dividend (1.82%) is low compared to the top 25% of dividend payers in the US market (4.75%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, VTYB has been paying a dividend for less than 10 years.

Growing Dividend: VTYB's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (10.1%), VTYB's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

13.8yrs

Average board tenure


CEO

Joe Major (67 yo)

no data

Tenure

US$273,096

Compensation

Mr. Joseph W. Major, also known as Joe, serves as Chairman, Bank Leader, Chief Executive Officer and President of Victory Bank. Mr. Major is the principle organizer of The Victory Bank. Mr. Major serves as...


CEO Compensation Analysis

Joe Major's Compensation vs Victory Bancorp Earnings
How has Joe Major's remuneration changed compared to Victory Bancorp's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$4m

Mar 31 2022n/an/a

US$4m

Dec 31 2021n/an/a

US$4m

Sep 30 2021n/an/a

US$4m

Jun 30 2021n/an/a

US$3m

Mar 31 2021n/an/a

US$3m

Dec 31 2020n/an/a

US$2m

Sep 30 2020n/an/a

US$2m

Jun 30 2020n/an/a

US$2m

Mar 31 2020n/an/a

US$2m

Dec 31 2019n/an/a

US$2m

Sep 30 2019n/an/a

US$2m

Jun 30 2019n/an/a

US$2m

Mar 31 2019n/an/a

US$2m

Dec 31 2018n/an/a

US$2m

Dec 31 2017n/an/a

US$1m

Dec 31 2016n/an/a

US$738k

Dec 31 2015US$273kUS$209k

US$792k

Compensation vs Market: Insufficient data to establish whether Joe's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Insufficient data to compare Joe's compensation with company performance.


Board Members

Experienced Board: VTYB's board of directors are seasoned and experienced ( 13.8 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

What is the ownership structure of VTYB?
Owner TypeNumber of SharesOwnership Percentage
Institutions16,0680.8%
General Public1,955,29499.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 1 shareholders own 0.82% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
0.82%
CapFinancial Partners, LLC, Asset Management Arm
16,068$229.0k0%no data

Company Information

The Victory Bancorp, Inc.'s 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
  • Implied Market Cap: US$28.092m
  • Shares outstanding: 1.97m
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.