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 limited growth.

Risks

  • Carolina Trust BancShares has significant price volatility in the past 3 months.
  • Carolina Trust BancShares is not covered by any analysts.

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


Market Performance


7 Day Return

-0.8%

NasdaqCM:CART

1.4%

US Banks

0.8%

US Market


1 Year Return

28.3%

NasdaqCM:CART

-4.5%

US Banks

1.9%

US Market

CART outperformed the Banks industry which returned -4.5% over the past year.

CART outperformed the Market in United States of America which returned 1.9% over the past year.


Share holder returns

CARTIndustryMarket
7 Day-0.8%1.4%0.8%
30 Day4.5%8.9%3.4%
90 Day36.4%5.2%2.1%
1 Year28.3%28.3%-1.7%-4.5%4.2%1.9%
3 Year73.4%73.4%54.7%44.0%46.7%37.2%
5 Year110.1%110.1%63.7%45.8%62.3%44.5%

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 based on future cash flows and its price relative to the stock market?

21.65x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Carolina Trust BancShares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Carolina Trust BancShares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

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

Carolina Trust BancShares is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

18.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Carolina Trust BancShares is high growth as no revenue estimate data is available.

Carolina Trust BancShares's earnings are expected to grow by 18% yearly, however this is not considered high growth (20% yearly).

Unable to compare Carolina Trust BancShares's revenue growth to the United States of America market average as no estimate data is available.

Carolina Trust BancShares's earnings growth is expected to exceed the United States of America market average.

Carolina Trust BancShares's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Carolina Trust BancShares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

-16.5%

Historical annual earnings growth


Earnings and Revenue History


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 (269.1% vs -16.5%)

Carolina Trust BancShares's earnings growth has exceeded the US Banks industry average in the past year (269.1% vs 31.7%).


Return on Equity

Carolina Trust BancShares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Carolina Trust BancShares used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

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.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Carolina Trust BancShares has an acceptable proportion of non-loan assets held.

Carolina Trust BancShares has a sufficient allowance for bad loans.

Carolina Trust BancShares's liabilities are made up of primarily low risk sources of funding.

Carolina Trust BancShares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Carolina Trust BancShares are broadly funded by customer deposits.

Carolina Trust BancShares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Carolina Trust BancShares has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

3.5yrs

Average management tenure


CEO

Jerry Ocheltree (59yo)

3.5yrs

Tenure

US$914,148

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

Jerry's remuneration is higher than average for companies of similar size in United States of America.

Jerry's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.5yrs

Average Tenure

59yo

Average Age

The tenure for the Carolina Trust BancShares management team is about average.


Board Age and Tenure

3.7yrs

Average Tenure

60yo

Average Age

The tenure for the Carolina Trust BancShares board of directors is about average.


Insider Trading

More shares have been bought than sold by Carolina Trust BancShares individual insiders in the past 3 months, but not in substantial volumes.


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
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
BuyUS$4,10001 Nov 18
Edwin Laws
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares500
Max PriceUS$8.20
BuyUS$5,92925 Sep 18
Jerry Ocheltree
EntityIndividual
Role
Chief Executive Officer
President
Shares732
Max PriceUS$8.10

Ownership Breakdown


Management Team

  • Edwin Laws (59yo)

    Executive VP & CFO

    • Tenure: 3.5yrs
    • Compensation: US$251.51k
  • Jerry Ocheltree (59yo)

    President

    • Tenure: 3.5yrs
    • Compensation: US$914.15k
  • Richard Rager (62yo)

    Executive VP & Chief Credit Officer of Carolina Trust Bank

    • Tenure: 8yrs
    • Compensation: US$260.54k
  • Sue Stamey

    Corporate Secretary

    • Tenure: 0yrs
  • Lindsey Huffman

    Vice President/Controller

    • Tenure: 0yrs

Board Members

  • Jerry Ocheltree (59yo)

    President

    • Tenure: 3.5yrs
    • Compensation: US$914.15k
  • Jim Watson (64yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: US$25.00k
  • Bryan Beal (60yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: US$22.80k
  • Johnathan Rhyne (63yo)

    Chairman of the Board

    • Tenure: 3.7yrs
    • Compensation: US$38.90k
  • Rose Cummings (60yo)

    Director

    • Tenure: 0.3yrs
  • Scott Davis (63yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: US$21.45k
  • Fred Spach (55yo)

    Director

    • Tenure: 3.7yrs
    • 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$98.728m
  • 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 Analysis2019/09/19 00:52
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
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.