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 Analysis

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

3.2%

CART

2.9%

US Banks

5.3%

US Market


1 Year Return

71.2%

CART

-27.8%

US Banks

-10.7%

US Market

Return vs Industry: CART exceeded the US Banks industry which returned 21.7% over the past year.

Return vs Market: CART exceeded the US Market which returned 24.7% over the past year.


Shareholder returns

CARTIndustryMarket
7 Day3.2%2.9%5.3%
30 Day5.4%-26.3%-13.6%
90 Day26.0%-39.3%-19.8%
1 Year71.2%71.2%-25.6%-27.8%-8.9%-10.7%
3 Year86.4%86.4%-17.1%-23.1%15.5%8.0%
5 Year161.0%161.0%10.9%-1.7%35.2%20.4%

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?

25.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CART ($13.05) is trading above our estimate of fair value ($2.59)

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 (25.3x) compared to the Banks industry average (12.8x).

PE vs Market: CART is poor value based on its PE Ratio (25.3x) compared to the US market (18.9x).


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 (1.7x) 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?

-1.2%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Carolina Trust BancShares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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 large one-off loss of $2.6M impacting its September 30 2019 financial results.

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 27.1%.


Return on Equity

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


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

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

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Jerry Ocheltree (59yo)

3.83s

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 ($USD467.17K) is about average for companies of similar size in the US market ($USD519.76K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jerry Ocheltree
President3.83yrsUS$467.17k0.35% $429.5k
Edwin Laws
Executive VP & CFO3.83yrsUS$251.51k0.060% $72.8k
Richard Rager
Executive VP & Chief Credit Officer of Carolina Trust Bank8.33yrsUS$260.54k0.083% $100.6k
Sue Stamey
Corporate Secretaryno datano datano data
Lindsey Huffman
Vice President/Controllerno datano datano data

3.8yrs

Average Tenure

59yo

Average Age

Experienced Management: CART's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jerry Ocheltree
President3.83yrsUS$467.17k0.35% $429.5k
Jim Watson
Independent Director4yrsUS$25.00k0.30% $362.3k
Bryan Beal
Independent Director4yrsUS$22.80k0.15% $187.2k
Johnathan Rhyne
Chairman of the Board4yrsUS$38.90k1.7% $2.1m
Rose Cummings
Director0.67yrno data0.062% $75.4k
Scott Davis
Independent Director4yrsUS$21.45k0.40% $483.8k
Frederick Spach
Independent Director4yrsUS$27.60k0.11% $139.3k

4.0yrs

Average Tenure

60yo

Average Age

Experienced Board: CART's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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$121.440m
  • 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. It offers checking and savings accounts, and certificates of deposit; commercial, installment, mortgage, and personal loans; safe deposit boxes; and other associated services. As of December 31, 2018, the company served 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 operated a loan production office in Salisbury, North Carolina. Carolina Trust BancShares, Inc. was founded in 2000 and is headquartered in Lincolnton, North Carolina. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/03 00:22
End of Day Share Price2019/12/31 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.