Stocks/NSTS

NSTS

NSTS Bancorp, Inc.
Financial Services·Banks - Regional
$13.77
$72M market cap
Revenue
$6.6M
Free Cash Flow
$8.6M
Rev Growth
+0.0%
FCF Margin
131.1%
P/FCF
8.4x
EV/FCF
6.0x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

NSTS Bancorp, Inc. operates as a savings and loan holding company for North Shore Trust and Savings that provides banking products and services in Illinois. The company offers checking, money market, savings, and time deposit accounts; and one- to four-family residential mortgage, multi-family and commercial real estate, construction, home equity, and consumer loans. It operates through a main banking office in Waukegan, Illinois; and two full-service branch offices located in Waukegan and Linde

2-Year Price History

$13.84+42.5%
$10$11$12$13volJun 24Oct 24Jan 25May 25Sep 25Jan 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q13.20.0-0.0-0.05.55.5-0.049.528.44.9-0.3%0.1x--
Act2025-Q43.30.20.10.13.23.1-0.236.927.64.91.0%0.3x--

Valuation & Metrics

Market Stats

Price$13.77
Market Cap$72M
Enterprise Value$51M
P/S Ratio11.1x
P/FCF8.4x
EV/FCF6.0x
FCF Margin (TTM)131.1%
FCF Yield11.9%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$6.6M
Net Income$0.1M
Free Cash Flow$8.6M

Revenue Growth (YoY)+0.0%
EBITDA Margin3.8%
Net Margin1.5%
FCF Margin131.1%
CapEx % of Revenue2.5%
SBC % of Revenue8.2%
ROIC0.4%
WC Change % Rev0.1%
Interest Coverage0.2x

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares0.0M
Days to Cover2.4
Change (vs Prior)+14.6%
Need at least 2 settlement dates for chart

Employees

Headcount53
Revenue / Employee$123,755
Gross Profit / Employee$98,434

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
15.5%(+2.9% YoY)
13 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
5.0%(-0.3% YoY)
6 filers
Vanguard, iShares, SPDR
Market makers
0.2%(+0.2% YoY)
1 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2022-062023-032023-122024-092025-062026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
ALLIANCEBERNSTEIN L.P.$6.7M$9.59+$37K+$20K-0.3%$307.70B
VANGUARD CAPITAL MANAGEMENT LLCPassive$2.2M$11.66+$2.2M+$2.2M$4.04T
GRAHAM CAPITAL WEALTH MANAGEMENT, LLC$1.2M$12.55+$365K+$1.2M-0.5%$113M
RAFFLES ASSOCIATES LP$1.1M$11.18+$0−$0-1.2%$115M
Focus Partners Wealth$708K$12.95+$0+$708K-0.7%$89.03B
Creative Planning$525K$10.48+$0+$0-0.7%$144.46B
GEODE CAPITAL MANAGEMENT, LLCPassive$523K$10.20−$6K−$25K+2.3%$1.61T
ROBERTS GLORE & CO INC /IL/$426K$9.09+$0+$0-0.2%$364M
VANGUARD FIDUCIARY TRUST COPassive$327K$11.66+$327K+$327K$395.83B
M3F, Inc.$311K$9.38+$0−$157K+1.5%$404M
NORTHERN TRUST CORPPassive$247K$10.23−$2K−$40K-0.2%$755.34B
RENAISSANCE TECHNOLOGIES LLC$204K$12.00+$0+$36K+1.2%$63.91B
BlackRock, Inc.Passive$142K$10.47+$4K+$8K-0.2%$5.69T
STATE STREET CORPPassive$131K$11.80+$0+$0-0.2%$2.89T
SUSQUEHANNA INTERNATIONAL GROUP, LLPMM$130K$9.17−$10K+$130K-0.6%$77.14B
American Capital Advisory, LLC$10K$9.51+$0+$0-0.3%$247M
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$6K$11.66+$6K+$6K-0.0%$162.09B
HARBOUR INVESTMENTS, INC.$6K$12.95+$0+$6K-1.1%$6.48B
Scarborough Advisors, LLC$2K$12.33+$0+$2K+0.6%$913M
Russell Investments Group, Ltd.$0$11.66+$0+$0+1.5%$93.03B
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.36%
avg per quarter
Holders (ex-self)
-0.36%
excl. this stock
Buyers (this Q)
-0.49%
6 buyers · $0.00B in
Sellers (this Q)
+0.00%
3 sellers · $0.00B out
alpha coverage: 83% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+26.4%
how holders react when this stock falls
On quiet Qs
-4.5%
−10% to +10% baseline
On rallies (+10%+)
-2.8%
how they react when this stock rises
Holders' portfolio flow this Q
+1.4%
inflows — adds are organic
Sellers' portfolio flow this Q
+0.9%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-4.7%
Holder mid (any stock)
-2.1%
Holder rally (any stock)
-2.4%

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

0220K440K660K880K$9.05$10$11$12$132022-032022-122023-092024-062025-032025-122026-03
hover the chart for per-quarter detailprice (right axis)
ALLIANCEBERNSTEIN L.P.516KM3F, Inc.27KRAFFLES ASSOCIATES LP94KGRAHAM CAPITAL WEALTH MANAGEMENT, LLC101KFocus Partners Wealth61KKovitz Investment Group Partners, LLCCreative Planning45KTWO SIGMA INVESTMENTS, LPBHZ CAPITAL MANAGEMENT, LPROBERTS GLORE & CO INC /IL/36K

Corporate

Order Flow (FINRA, ~3w lag)

42.2%retail+17.7pp
4.0%dark+1.0pp
week of 2026-04-13
0%20%40%60%80%24-1125-0225-0525-0825-1126-0226-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

NSTS Bancorp: Robust Regulatory Capital Offsets Persistent Operating Losses and Portfolio Valuation Headwinds

Overall Risk
4/10
Fraud
2/10
Dilution
4/10
Insolvency
2/10
Earnings Overstated
3/10
Hidden Liabilities
3/10
Legal
2/10
Audit Warnings
1/10
Hidden Upside
3/10
Contextually Acceptable
8/10