Carolina Trust BancShares
Carolina Trust BancShares, Inc. operates as the bank holding company for Carolina Trust Bank, a state chartered bank that provides commercial banking products and services for individuals and businesses. The last earnings update was 16 days ago. More info.
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CART Share Price and Events
7 Day Returns
1 Year Returns
CART Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Carolina Trust BancShares (CART) | 0% | 5.1% | 3.6% | -9.7% | 38.5% | 150.3% |
| US Banks | 0.4% | 6.9% | -1.3% | -10% | 55.9% | 45.7% |
| US Market | 0.5% | 6.3% | 1.9% | 2% | 45.1% | 40.5% |
1 Year Return vs Industry and Market
- CART underperformed the Market in United States of America which returned 2% over the past year.
CART Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Carolina Trust BancShares
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Carolina Trust BancShares.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $6.30 * 3.7% |
$0.23 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $6.30 |
| Discount Rate (Cost of Equity) | See below | 11.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.63 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.634 (1 + (1- 21%) (32.91%)) |
1.225 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.23 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.225 * 7.27%) |
11.64% |
Discounted Cash Flow Calculation for NasdaqCM:CART using Excess Returns Model Model
The calculations below outline how an intrinsic value for Carolina Trust BancShares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (3.7% – 11.64%) * $6.30) |
$-0.50 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.50 / (11.64% - 2.73%) |
$-5.60 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $6.30 + $-5.60 |
$0.7 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $0.70 |
| Current discount | Discount to share price of
$8.31
= -1 x ($8.31 - $0.70) / $0.70 |
-1080.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Carolina Trust BancShares is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Carolina Trust BancShares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Carolina Trust BancShares's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.46 |
| NasdaqCM:CART Share Price ** | NasdaqCM (2019-02-13) in USD | $8.31 |
| United States of America Banks Industry PE Ratio | Median Figure of 583 Publicly-Listed Banks Companies | 13.34x |
| United States of America Market PE Ratio | Median Figure of 3,046 Publicly-Listed Companies | 16.95x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Carolina Trust BancShares.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqCM:CART Share Price ÷ EPS (both in USD) = 8.31 ÷ 0.46 |
17.96x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Carolina Trust BancShares is overvalued based on earnings compared to the US Banks industry average.
- Carolina Trust BancShares is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Carolina Trust BancShares's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.96x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
17.5%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 260 Publicly-Listed Banks Companies | 1.21x |
| United States of America Market PEG Ratio | Median Figure of 2,117 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Carolina Trust BancShares, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Carolina Trust BancShares's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $6.84 |
| NasdaqCM:CART Share Price * | NasdaqCM (2019-02-13) in USD | $8.31 |
| United States of America Banks Industry PB Ratio | Median Figure of 586 Publicly-Listed Banks Companies | 1.25x |
| United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.81x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqCM:CART Share Price ÷ Book Value per Share (both in USD) = 8.31 ÷ 6.84 |
1.21x |
* Primary Listing of Carolina Trust BancShares.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Carolina Trust BancShares is good value based on assets compared to the US Banks industry average.
Value checks
We assess Carolina Trust BancShares's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Carolina Trust BancShares has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
CART Future Performance
- No analysts cover Carolina Trust BancShares, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Carolina Trust BancShares's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Carolina Trust BancShares's earnings growth is expected to exceed the United States of America market average.
- Unable to compare Carolina Trust BancShares's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqCM:CART Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 17.5% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 4.4% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 5.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.4% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 17 | 3 | |
| 2018-09-30 | 17 | 4 | 2 |
| 2018-06-30 | 16 | 4 | 1 |
| 2018-03-31 | 15 | 4 | 1 |
| 2017-12-31 | 15 | 3 | 0 |
| 2017-09-30 | 14 | 3 | 1 |
| 2017-06-30 | 14 | 3 | 1 |
| 2017-03-31 | 14 | 3 | 1 |
| 2016-12-31 | 15 | 3 | 1 |
| 2016-09-30 | 15 | 3 | 1 |
| 2016-06-30 | 15 | 3 | 1 |
| 2016-03-31 | 15 | 2 | 1 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Carolina Trust BancShares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.46 |
| 2018-09-30 | 0.29 |
| 2018-06-30 | 0.21 |
| 2018-03-31 | 0.17 |
| 2017-12-31 | 0.09 |
| 2017-09-30 | 0.27 |
| 2017-06-30 | 0.19 |
| 2017-03-31 | 0.22 |
| 2016-12-31 | 0.24 |
| 2016-09-30 | 0.18 |
| 2016-06-30 | 0.22 |
| 2016-03-31 | 0.22 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Carolina Trust BancShares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Carolina Trust BancShares's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Carolina Trust BancShares has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
CART Past Performance
How has Carolina Trust BancShares performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Carolina Trust BancShares's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Carolina Trust BancShares's 1-year earnings growth exceeds its 5-year average (630.7% vs -6.7%)
- Carolina Trust BancShares's earnings growth has exceeded the US Banks industry average in the past year (630.7% vs 38.8%).
Earnings and Revenue History
All data from Carolina Trust BancShares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 17.32 | 2.95 | ||
| 2018-09-30 | 16.96 | 1.65 | 10.80 | |
| 2018-06-30 | 15.90 | 1.09 | 10.70 | |
| 2018-03-31 | 15.19 | 0.77 | 10.80 | |
| 2017-12-31 | 14.64 | 0.40 | 10.69 | |
| 2017-09-30 | 14.13 | 1.27 | 10.63 | |
| 2017-06-30 | 14.07 | 0.89 | 10.64 | |
| 2017-03-31 | 14.15 | 1.03 | 10.37 | |
| 2016-12-31 | 14.61 | 1.12 | 10.32 | |
| 2016-09-30 | 14.62 | 0.82 | 10.42 | |
| 2016-06-30 | 14.95 | 1.05 | 10.15 | |
| 2016-03-31 | 14.62 | 1.01 | 10.00 | |
| 2015-12-31 | 13.97 | 0.82 | 9.70 | |
| 2015-09-30 | 13.22 | 5.45 | 9.51 | |
| 2015-06-30 | 12.52 | 5.94 | 9.05 | |
| 2015-03-31 | 12.31 | 6.25 | 8.46 | |
| 2014-12-31 | 12.11 | 6.63 | 7.87 | |
| 2014-09-30 | 11.49 | 1.41 | 11.81 | |
| 2014-06-30 | 11.07 | 0.93 | 9.93 | |
| 2014-03-31 | 9.97 | -1.17 | 8.19 | |
| 2013-12-31 | 9.41 | -1.64 | 6.47 | |
| 2013-09-30 | 8.95 | -1.83 | 5.94 | |
| 2013-06-30 | 8.77 | -2.18 | 5.94 | |
| 2013-03-31 | 9.18 | -0.38 | 5.94 | |
| 2012-12-31 | 9.38 | 0.15 | 5.94 | |
| 2012-09-30 | 9.29 | -0.63 | 5.46 | |
| 2012-06-30 | 9.33 | -0.18 | 5.46 | |
| 2012-03-31 | 8.04 | -1.27 | 5.46 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Carolina Trust BancShares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Carolina Trust BancShares used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if Carolina Trust BancShares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Carolina Trust BancShares's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Carolina Trust BancShares has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
CART Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Carolina Trust BancShares Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 48.95 | 25.99 | 36.91 |
| 2018-09-30 | 48.95 | 25.99 | 36.91 |
| 2018-06-30 | 48.20 | 25.99 | 50.90 |
| 2018-03-31 | 29.38 | 40.98 | 32.00 |
| 2017-12-31 | 29.12 | 33.48 | 10.55 |
| 2017-09-30 | 29.77 | 29.98 | 15.38 |
| 2017-06-30 | 29.57 | 26.98 | 19.63 |
| 2017-03-31 | 29.36 | 26.98 | 26.86 |
| 2016-12-31 | 29.03 | 23.97 | 27.65 |
| 2016-09-30 | 31.71 | 14.38 | 33.15 |
| 2016-06-30 | 31.77 | 15.64 | 42.63 |
| 2016-03-31 | 31.04 | 18.31 | 29.88 |
| 2015-12-31 | 30.46 | 15.68 | 6.31 |
| 2015-09-30 | 30.55 | 12.34 | 8.12 |
| 2015-06-30 | 30.11 | 23.35 | 16.21 |
| 2015-03-31 | 30.19 | 11.96 | 8.55 |
| 2014-12-31 | 29.81 | 22.37 | 9.28 |
| 2014-09-30 | |||
| 2014-06-30 | |||
| 2014-03-31 | 22.26 | 12.15 | 6.94 |
| 2013-12-31 | 22.26 | 12.15 | 6.94 |
| 2013-09-30 | |||
| 2013-06-30 | |||
| 2013-03-31 | 24.94 | 9.46 | 14.48 |
| 2012-12-31 | 24.94 | 9.46 | 14.48 |
| 2012-09-30 | |||
| 2012-06-30 | |||
| 2012-03-31 | 26.05 | 13.50 | 15.80 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Carolina Trust BancShares has an acceptable proportion of non-loan assets held.
- Carolina Trust BancShares's liabilities are made up of primarily low risk sources of funding.
- Loans at Carolina Trust BancShares are broadly funded by customer deposits.
- Carolina Trust BancShares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Carolina Trust BancShares has a sufficient allowance for bad loans.
- Carolina Trust BancShares has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Carolina Trust BancShares's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Carolina Trust BancShares has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
CART Dividends
What is Carolina Trust BancShares's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Carolina Trust BancShares
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Carolina Trust BancShares's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Carolina Trust BancShares's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 467 Stocks | 2.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1997 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Carolina Trust BancShares has not reported any payouts.
- Unable to verify if Carolina Trust BancShares's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Carolina Trust BancShares's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Carolina Trust BancShares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Carolina Trust BancShares has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
CART Management
CEO
| COMPENSATION | $442,035 |
| AGE | 58 |
| TENURE AS CEO | 2.9 years |
CEO Bio
Mr. Jerry L. Ocheltree has been Chief Executive Officer and President of Carolina Trust BancShares, Inc. since August 16, 2016 and previously served as its Chief Executive Officer and President. Mr. Ocheltree has been the President and Chief Executive Officer of Carolina Trust Bank since January 1, 2014. He served as the Chief Executive Officer and President of Elliott Davis Decosimo. He served as the President and Teresa C. Nixon of First Bank N.C. from September 2005 to June 30, 2013. He has extensive relationships throughout North Carolina banking circles. He served as Chief Executive Officer of First Bank N.C. until June 30, 2013. He served as the President and Chief Executive Officer of First Bancorp from January 1, 2007 to June 11, 2012 and also served as its Treasurer until June 11, 2012. He served as Senior Vice President and Regional Executive of First Bank, High Point, North Carolina office and managed a four-county region with ten offices in North Carolina as well as its four offices in southern Virginia. Mr. Ocheltree served as the President of First Virginia Bank. He joined First Bank since 1998 and served as its President from September 2005 to June 2013. He served as the President and Chief Executive Officer of Premier Bank South N.A. He served as Chair of the North Carolina Bankers Association from 2012 to 2013. He has been Director of Charlotte Branch of Federal Reserve Bank of Richmond since March 3, 2016. He serves as a Director of Carolina Trust Bank. He has been a Director of Carolina Trust BancShares, Inc. since August 16, 2016 and previously served as its Director. Mr. Ocheltree served as Director of First Bancorp since May 2006 until June 2013 and First Bank since 2005. until June 2013. He served as a Director of First Bank N.C. from April 2006 to June 30, 2013.
CEO Compensation
- Jerry's compensation has been consistent with company performance over the past year.
- Jerry's remuneration is higher than average for companies of similar size in United States of America.
Management Team
Jerry Ocheltree
President
$442K
58
2.9 yrs
Edwin Laws
Executive VP & CFO
$209K
58
2.9 yrs
Lindsey Huffman
Vice President/Controller
Board of Directors Tenure
Average tenure and age of the Carolina Trust BancShares board of directors in years:
- The tenure for the Carolina Trust BancShares board of directors is about average.
Board of Directors
Johnathan Rhyne
Chairman of the Board
$37K
62
3.1 yrs
Jerry Ocheltree
President
$442K
58
3.1 yrs
Jim Watson
Director
$24K
63
3.1 yrs
Scott Davis
Director
$22K
62
3.1 yrs
Bryan Beal
Director
$21K
59
3.1 yrs
Fred Spach
Director
$22K
54
3.1 yrs
Ralph Strayhorn
Director
$20K
63
2.2 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Carolina Trust BancShares insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 12. Feb 19 | Buy | Jerry Ocheltree | Individual | 11. Feb 19 | 11. Feb 19 | 110 | $8.30 | $913 | ||
| 03. Dec 18 | Buy | Jerry Ocheltree | Individual | 30. Nov 18 | 30. Nov 18 | 1,062 | $7.91 | $8,400 | ||
| 01. Nov 18 | Buy | Edwin Laws | Individual | 30. Oct 18 | 30. Oct 18 | 500 | $8.20 | $4,100 | ||
| 25. Sep 18 | Buy | Jerry Ocheltree | Individual | 25. Sep 18 | 25. Sep 18 | 732 | $8.10 | $5,929 | ||
| 20. Aug 18 | Buy | Jim Watson | Individual | 02. Aug 18 | 02. Aug 18 | 500 | $8.35 | $4,175 | ||
| 16. May 18 | Buy | Jim Watson | Individual | 15. May 18 | 15. May 18 | 207 | $8.00 | $1,656 | ||
| 16. May 18 | Buy | Jim Watson | Individual | 15. May 18 | 15. May 18 | 604 | $8.11 | $4,898 | ||
| 14. May 18 | Buy | Jerry Ocheltree | Individual | 11. May 18 | 11. May 18 | 1,466 | $8.00 | $11,728 | ||
| 25. Apr 18 | Buy | Johnathan Rhyne | Individual | 23. Apr 18 | 23. Apr 18 | 14,375 | $8.00 | $115,000 | ||
| 25. Apr 18 | Buy | Ralph Strayhorn | Individual | 23. Apr 18 | 23. Apr 18 | 10,000 | $8.00 | $80,000 | ||
| 25. Apr 18 | Buy | Edwin Laws | Individual | 23. Apr 18 | 23. Apr 18 | 4,375 | $8.00 | $35,000 | ||
| 25. Apr 18 | Buy | Richard Rager | Individual | 25. Apr 18 | 25. Apr 18 | 2,375 | $8.00 | $19,000 | ||
| 25. Apr 18 | Buy | Scott Davis | Individual | 25. Apr 18 | 25. Apr 18 | 4,000 | $8.00 | $32,000 | ||
| 25. Apr 18 | Buy | Jerry Ocheltree | Individual | 23. Apr 18 | 23. Apr 18 | 12,500 | $8.00 | $100,000 | ||
| 14. Feb 18 | Buy | Ralph Strayhorn | Individual | 23. Oct 17 | 23. Oct 17 | 14 | $8.26 | $116 | ||
| 14. Feb 18 | Buy | Ralph Strayhorn | Individual | 23. Oct 17 | 23. Oct 17 | 1,551 | $8.19 | $12,703 | ||
Management checks
We assess Carolina Trust BancShares's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Carolina Trust BancShares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
CART News
Simply Wall St News
Does Carolina Trust BancShares, Inc.'s (NASDAQ:CART) CEO Salary Reflect Performance?
Jerry Ocheltree became the CEO of Carolina Trust BancShares, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jerry Ocheltree's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleShould You Be Concerned About Carolina Trust BancShares, Inc.’s (NASDAQ:CART) Risks?
As a small-cap bank with a market capitalisation of US$55m, Carolina Trust BancShares, Inc.’s (NASDAQ:CART) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Carolina Trust BancShares’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Carolina Trust BancShares's a stock investment.
Simply Wall St - – Full articleHow Much Are Carolina Trust BancShares, Inc. (NASDAQ:CART) Insiders Spending On Buying Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Carolina Trust BancShares, Inc. … The Last 12 Months Of Insider Transactions At Carolina Trust BancShares. … In total, Carolina Trust BancShares insiders bought more than they sold over the last year
Simply Wall St - – Full articleThree Understated Metrics For Carolina Trust BancShares Inc (NASDAQ:CART) You Should Know
As a small-cap bank stock with a market capitalisation of US$57m, Carolina Trust BancShares Inc’s (NASDAQ:CART) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Carolina Trust BancShares to vulnerabilities. … Today we will be measuring Carolina Trust BancShares’s financial risk position by looking at three leverage and liquidity metrics.
Simply Wall St - – Full articleDoes Carolina Trust BancShares Inc's (NASDAQ:CART) CEO Pay Reflect Performance?
Jerry Ocheltree has been the CEO of Carolina Trust BancShares Inc (NASDAQ:CART) since 2016. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Jerry Ocheltree's Compensation Compare With Similar Sized Companies.
Simply Wall St - – Full articleHow Did Carolina Trust BancShares Inc's (NASDAQ:CART) 2.26% ROE Fare Against The Industry?
and want to begin learning the link between company’s fundamentals and stock market performance. … Carolina Trust BancShares Inc (NASDAQ:CART) generated a below-average return on equity of 2.26% in the past 12 months, while its industry returned 8.83%. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into CART's past performance.
Simply Wall St - – Full articleThree Understated Metrics For Carolina Trust BancShares Inc (NASDAQ:CART) You Should Know
Carolina Trust BancShares Inc’s (NASDAQ:CART) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$59.40m. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like Carolina Trust BancShares to vulnerabilities. … We can gauge Carolina Trust BancShares’s risk-taking behaviour by analysing three metrics for leverage and liquidity which I will take you through now.
Simply Wall St - – Full articleReal Risks To Know Before Investing In Carolina Trust BancShares Inc (NASDAQ:CART)
As a small-cap bank with a market capitalisation of US$59.40m, Carolina Trust BancShares Inc’s (NASDAQ:CART) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Carolina Trust BancShares’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Carolina Trust BancShares's a stock investment.
Simply Wall St - – Full articleCarolina Trust BancShares Inc (NASDAQ:CART): Can It Deliver A Superior ROE To The Industry?
Carolina Trust BancShares Inc’s (NASDAQ:CART) most recent return on equity was a substandard 1.39% relative to its industry performance of 8.18% over the past year. … View our latest analysis for Carolina Trust BancShares Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … For now, let’s just look at the cost of equity number for Carolina Trust BancShares, which is 9.90%.
Simply Wall St - – Full articleWith A -58.09% Earnings Drop, Is Carolina Trust BancShares Inc's (NASDAQ:CART) A Concern?
See our latest analysis for Carolina Trust BancShares Was CART's recent earnings decline worse than the long-term trend and the industry? … For Carolina Trust BancShares, its latest earnings (trailing twelve month) is US$562.00K, which, in comparison to the prior year's figure, has plunged by a non-trivial -58.09%. … Given that these values may be relatively short-term, I’ve estimated an annualized five-year value for Carolina Trust BancShares's earnings, which stands at US$754.39K This doesn’t seem to paint a better picture, as earnings seem to have gradually been declining over the longer term.
Simply Wall St - – Full articleCART Company Info
Map
Description
Carolina Trust BancShares, Inc. operates as the bank holding company for Carolina Trust Bank, a state chartered bank that provides commercial banking products and services for individuals and businesses. It offers non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, and certificates of deposit; commercial, installment, residential mortgage, home equity lines, commercial real estate, and personal loans; safe deposit boxes; and other associated services. The company serves its customers through a network of automated teller machines and nine full-service offices located in Lincolnton, Denver, Forest City, Gastonia, Hickory, Lake Lure, Mooresville, and Vale, North Carolina, as well as operates a loan production office in Salisbury, North Carolina. Carolina Trust BancShares, Inc. was founded in 2000 and is headquartered in Lincolnton, North Carolina.
Details
| Name: | Carolina Trust BancShares, Inc. |
| CART | |
| Exchange: | NasdaqCM |
| Founded: | 2000 |
| $78,985,029 | |
| 9,504,817 | |
| Website: | http://www.carolinatrust.com |
| Address: |
Carolina Trust BancShares, Inc. 901 East Main Street, Lincolnton, North Carolina, 28092, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqCM | CART | New Common Stock | Nasdaq Capital Market | US | USD | 21. Dec 2004 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/14 01:12 |
| End of day share price update: | 2019/02/13 00:00 |
| Last earnings filing: | 2019/01/29 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
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