Stock fact sheet · data as of
Exchange Bankshares, Inc. (EXCH): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Speculative / Distressed
Is EXCH undervalued?
EXCH closed at 67.42 on 16 Oct 2026, 26% below the GLS average fair value of 90.59 from 3 models (1 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" rule of the Sunday Scan, and the Wheel Score gives it 23 of the 25 Value points.
Only 3 of the nine models produced a value (DCF, 10 Cap, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files EXCH under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for EXCH
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 62.69 | -7% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 184.95 | +174% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 24.13 | -64% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -627.03 | -1030% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: EXCH passes 0 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 7.2 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are moderate - ROIC 6.3%, ROE 10.5%, ROA 1.2% - with debt at 0.65 times equity and a free-cash-flow yield of 10.8%.
The dividend yield is 2.43% at a payout ratio of 18%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 0 / 9 | ROIC | 6.3% |
|---|---|---|---|
| GLS Moat | 7.2 / 10 | ROE | 10.5% |
| Debt / equity | 0.65 | ROA | 1.2% |
| Free-cash-flow yield | 10.8% | Payout ratio | 18% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
EXCH has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 0k shares a day on a market cap of $40M, with a beta of -0.10 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 23 / 25 | 26% margin of safety | |
| Health | 0 / 20 | Piotroski 0/9 | |
| Moat | 11 / 15 | moat 7.2/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 0k shares/day, $40M cap, beta -0.10 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for EXCH in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Exchange Bankshares, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ANDC Andover Bancorp, Inc. | 20.00 | 29.71 | +33% | 39No options | $40M |
| PFBN Pacific Alliance Bank | 11.98 | 8.19 | -46% | 21No options | $39M |
| FRFC First Robinson Financial Corporation | 75.01 | 211.67 | +65% | 39No options | $39M |
| QNTO Quaint Oak Bancorp, Inc. | 14.50 | 39.37 | +63% | 39No options | $38M |
| GNRV Grand River Commerce, Inc. | 5.39 | 4.60 | -17% | 29No options | $38M |
| CYSM Community Bancorp of Santa Maria | 19.10 | 29.28 | +35% | 39No options | $42M |
| HFBA HFB Financial Corporation | 36.90 | 54.21 | +32% | 39No options | $42M |
| MDVT Middlebury National Corporation | 49.70 | 117.87 | +58% | 39No options | $43M |
| AMFC AMB Financial Corp. | 40.50 | 54.46 | +26% | 39No options | $36M |
| FPBC First Pacific Bancorp | 8.25 | 16.08 | +49% | 39No options | $36M |
| RBNK RiverBank Holding Company | 32.00 | 91.34 | +65% | 39No options | $36M |
| KFFB Kentucky First Federal Bancorp | 5.41 | 5.15 | -5% | 39No options | $44M |
⚖ Compare EXCH with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about EXCH
Is EXCH undervalued right now?
By the GLS models, moderately: at 67.42 the stock trades 26% below the average fair value of 90.59 (data as of 16 Oct 2026).
What is the Wheel Score of EXCH and what does it mean?
EXCH has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for EXCH?
90.59 per share as of 16 Oct 2026 - the simple average of the 3 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Exchange Bankshares, Inc. report earnings next?
No upcoming earnings date is recorded for EXCH in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does EXCH have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on EXCH, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.