Pathfinder Bancorp, Inc. (PBHC) vs Union Bankshares, Inc. (UNB)

Pathfinder Bancorp, Inc. and Union Bankshares, Inc. are both Banks Regional companies. Pathfinder Bancorp, Inc. and Union Bankshares, Inc. are of similar size ($116.2M and $108.9M). Pathfinder Bancorp, Inc. has negative trailing earnings, so its P/E is not meaningful; Union Bankshares, Inc. trades at 9.0×. Union Bankshares, Inc. grew revenue faster over the last twelve months: 9.68% against −8.03%. Union Bankshares, Inc. has the higher net margin (13.4% vs 0.20%) and the higher return on invested capital (12.4% vs −1.09%). Both pay a dividend; Union Bankshares, Inc. yields more (4.93% vs 3.06%). Across the 19 metrics below, Union Bankshares, Inc. leads on 15 and Pathfinder Bancorp, Inc. on 4.

Valuation

Metric PBHC UNB Banks Regional median
P/E n/m 9.04 12.15
P/S 1.38 1.25 2.37
P/B 0.87 1.25 1.21
Price to free cash flow 9.88 5.30 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.99 1.00 2.27
Earnings yield (1.27%) 11.06% 8.11%
Free cash flow yield 10.12% 18.85% 8.98%

Profitability

Metric PBHC UNB Banks Regional median
Gross margin 61.13% 63.32% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 0.20% 13.40% 18.66%
Free cash flow margin 13.98% 23.57% 21.18%
Return on equity 0.13% 14.98% 10.64%
Return on assets 0.01% 0.80% 1.13%
Return on invested capital (1.09%) 12.37% 8.33%

Growth

Metric PBHC UNB Banks Regional median
Revenue growth (TTM) (8.03%) 9.68% 6.61%
EPS growth (last fiscal year) (151.87%) 25.26% —
Revenue growth, 5-year CAGR 10.07% 10.59% 12.30%
Net income growth, 5-year CAGR 0.00% (2.85%) 9.71%

Health

Metric PBHC UNB Banks Regional median
Debt to equity 0.07 0.18 0.22
Current ratio 0.69 0.80 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric PBHC UNB Banks Regional median
Dividend yield 3.06% 4.93% 3.75%
Payout ratio 0.19 0.50 0.27

Size

Metric PBHC UNB Banks Regional median
Market cap 108.93m 116.23m 921.07m

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