NasdaqCM:CART

Stock Analysis Report

Carolina Trust BancShares

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Share Price & News

How has Carolina Trust BancShares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CART has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.4%

CART

-0.4%

US Banks

0.9%

US Market


1 Year Return

55.2%

CART

9.2%

US Banks

15.5%

US Market

Return vs Industry: CART exceeded the US Banks industry which returned 9.2% over the past year.

Return vs Market: CART exceeded the US Market which returned 15.5% over the past year.


Shareholder returns

CARTIndustryMarket
7 Day8.4%-0.4%0.9%
30 Day19.4%6.7%4.7%
90 Day24.1%17.4%6.6%
1 Year55.2%55.2%12.4%9.2%18.1%15.5%
3 Year100.8%100.8%39.2%29.5%48.0%38.5%
5 Year141.8%141.8%71.5%52.5%62.1%44.2%

Price Volatility Vs. Market

How volatile is Carolina Trust BancShares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Carolina Trust BancShares undervalued compared to its fair value and its price relative to the market?

24.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CART ($12.45) is trading above our estimate of fair value ($1.12)

Significantly Below Fair Value: CART is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CART is poor value based on its PE Ratio (24.1x) compared to the Banks industry average (12.6x).

PE vs Market: CART is poor value based on its PE Ratio (24.1x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CART's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CART is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Carolina Trust BancShares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CART's forecast earnings growth (17% per year) is above the savings rate (2.7%).

Earnings vs Market: CART's earnings (17% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: CART's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if CART's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CART's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CART's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Carolina Trust BancShares performed over the past 5 years?

-13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CART has a high level of non-cash earnings.

Growing Profit Margin: CART's current net profit margins (19.2%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: CART's earnings have declined by -13.8% per year over the past 5 years.

Accelerating Growth: CART's earnings growth over the past year (174.1%) exceeds its 5-year average (-13.8% per year).

Earnings vs Industry: CART earnings growth over the past year (174.1%) exceeded the Banks industry 27.5%.


Return on Equity

High ROE: CART's Return on Equity (6.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Carolina Trust BancShares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CART has a low level of unsold assets or inventory.

Debt Coverage by Assets: CART's debt is covered by short term assets (assets are 1.6x debt).


Financial Institutions Analysis

Asset Level: CART's level of assets compared to its equity is low.

Allowance for Bad Loans: CART has a sufficient allowance for bad loans.

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

Loan Level: CART has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CART's loans are broadly funded by customer deposits.

Level of Bad Loans: CART has an appropriate level of bad loans (0.25%)


Next Steps

Dividend

What is Carolina Trust BancShares's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate CART's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CART's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CART's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CART's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CART's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Carolina Trust BancShares's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Jerry Ocheltree (59yo)

3.7yrs

Tenure

US$467,174

Compensation

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. Ochelt ...


CEO Compensation Analysis

Compensation vs Market: Jerry's total compensation ($USD467.17K) is about average for companies of similar size in the US market ($USD509.77K).

Compensation vs Earnings: Jerry's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.7yrs

Average Tenure

59yo

Average Age

Experienced Management: CART's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

3.8yrs

Average Tenure

60yo

Average Age

Experienced Board: CART's board of directors are considered experienced (3.8 years average tenure).


Insider Trading

Insider Buying: CART insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$13,02023 Aug 19
Jerry Ocheltree
EntityIndividual
Role
Chief Executive Officer
President
Shares1,302
Max PriceUS$10.00
BuyUS$2,18426 Mar 19
Jerry Ocheltree
EntityIndividual
Role
Chief Executive Officer
President
Shares266
Max PriceUS$8.21
BuyUS$1,82327 Feb 19
Jim Watson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares217
Max PriceUS$8.40
BuyUS$91312 Feb 19
Jerry Ocheltree
EntityIndividual
Role
Chief Executive Officer
President
Shares110
Max PriceUS$8.30
BuyUS$8,40003 Dec 18
Jerry Ocheltree
EntityIndividual
Role
Chief Executive Officer
President
Shares1,062
Max PriceUS$7.91

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 52.3%.


Management Team

  • Edwin Laws (59yo)

    Executive VP & CFO

    • Tenure: 3.7yrs
    • Compensation: US$251.51k
  • Jerry Ocheltree (59yo)

    President

    • Tenure: 3.7yrs
    • Compensation: US$467.17k
  • Richard Rager (62yo)

    Executive VP & Chief Credit Officer of Carolina Trust Bank

    • Tenure: 8.2yrs
    • Compensation: US$260.54k
  • Sue Stamey

    Corporate Secretary

    • Tenure: 0yrs
  • Lindsey Huffman

    Vice President/Controller

    • Tenure: 0yrs

Board Members

  • Jerry Ocheltree (59yo)

    President

    • Tenure: 3.7yrs
    • Compensation: US$467.17k
  • Jim Watson (64yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$25.00k
  • Bryan Beal (60yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$22.80k
  • Johnathan Rhyne (63yo)

    Chairman of the Board

    • Tenure: 3.8yrs
    • Compensation: US$38.90k
  • Rose Cummings (60yo)

    Director

    • Tenure: 0.5yrs
  • Scott Davis (63yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$21.45k
  • Fred Spach (55yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$27.60k

Company Information

Carolina Trust BancShares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Carolina Trust BancShares, Inc.
  • Ticker: CART
  • Exchange: NasdaqCM
  • Founded: 2000
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$115.856m
  • Shares outstanding: 9.31m
  • Website: https://www.carolinatrust.com

Number of Employees


Location

  • Carolina Trust BancShares, Inc.
  • 901 East Main Street
  • Lincolnton
  • North Carolina
  • 28092
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CARTNasdaqCM (Nasdaq Capital Market)YesNew Common StockUSUSDDec 2004

Biography

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. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/19 00:49
End of Day Share Price2019/11/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.