OTCPK:CSHB

Stock Analysis Report

Community Shores Bank

Executive Summary

Community Shores Bank Corporation operates as the holding company for Community Shores Bank, a community bank that provides various commercial and consumer banking services primarily in the communities of Muskegon County and Northern Ottawa County, Michigan.


Snowflake Analysis

Poor track record with weak fundamentals.

Share Price & News

How has Community Shores Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CSHB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.3%

CSHB

9.4%

US Banks

9.9%

US Market


1 Year Return

57.7%

CSHB

-25.1%

US Banks

-11.9%

US Market

Return vs Industry: CSHB exceeded the US Banks industry which returned -24.8% over the past year.

Return vs Market: CSHB exceeded the US Market which returned -11.5% over the past year.


Shareholder returns

CSHBIndustryMarket
7 Day7.3%9.4%9.9%
30 Day-18.0%-26.0%-15.0%
90 Dayn/a-38.6%-21.5%
1 Year57.7%57.7%-22.9%-25.1%-10.0%-11.9%
3 Year58.3%58.3%-17.2%-23.3%12.3%5.1%
5 Year64.0%64.0%11.6%-1.1%32.5%18.1%

Price Volatility Vs. Market

How volatile is Community Shores Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Community Shores Bank undervalued compared to its fair value and its price relative to the market?

21.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CSHB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CSHB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CSHB is poor value based on its PE Ratio (21.6x) compared to the Banks industry average (8.9x).

PE vs Market: CSHB is poor value based on its PE Ratio (21.6x) compared to the US market (13x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: Insufficient data to calculate CSHB's PB Ratio to determine if it is good value.


Next Steps

Future Growth

How is Community Shores Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.1%

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 Community Shores Bank 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

  • Take a look at our analysis of CSHB’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Community Shores Bank's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Community Shores Bank performed over the past 5 years?

-50.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSHB has high quality earnings.

Growing Profit Margin: CSHB's current net profit margins (9.2%) are lower than last year (11.3%).


Past Earnings Growth Analysis

Earnings Trend: CSHB's earnings have declined by -50.4% per year over the past 5 years.

Accelerating Growth: CSHB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CSHB had negative earnings growth (-15.7%) over the past year, making it difficult to compare to the Banks industry average (11.2%).


Return on Equity

High ROE: Insufficient data to calculate CSHB's Return on Equity to determine if it is high.


Next Steps

Financial Health

How is Community Shores Bank'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: Insufficient data to determine if CSHB has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CSHB's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: Insufficient data to determine if CSHB's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if CSHB has a sufficient allowance for bad loans.

Low Risk Liabilities: CSHB reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CSHB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CSHB has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CSHB has an appropriate level of bad loans.


Next Steps

Dividend

What is Community Shores Bank's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CSHB'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 CSHB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CSHB'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 CSHB'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?

12.2yrs

Average board tenure


CEO

Heather Brolick (59yo)

13.83s

Tenure

US$203,906

Compensation

Ms. Heather D. Brolick has been Chief Executive Officer and President of Community Shores Bank Corp. since June 1, 2006. Ms. Brolick has been President of Community Shores Bank, a subsidiary of Community S ...


CEO Compensation Analysis

Compensation vs Market: Heather's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD601.33K).

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


Board Members

NamePositionTenureCompensationOwnership
Heather Brolick
Co-Founder13.83yrsUS$203.91kno data
Gary Bogner
Non-Officer Chairman of the Board13.83yrsUS$11.35k3.48% $589.3k
Bruce Essex
Independent Director22.17yrsUS$11.35k44.21% $7.5m
Robert Chandonnet
Non-Officer Vice Chairman of the Board12.17yrsUS$11.35k14.86% $2.5m
Stanley Boelkins
Independent Director6.42yrsUS$11.35kno data
Julie Greene
Independent Director9yrsUS$11.35kno data
Garth Deur
Independent Director2.5yrsno datano data

12.2yrs

Average Tenure

69yo

Average Age

Experienced Board: CSHB's board of directors are seasoned and experienced ( 12.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Community Shores Bank Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Community Shores Bank Corporation
  • Ticker: CSHB
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$16.940m
  • Shares outstanding: 4.13m
  • Website: https://www.communityshores.com

Number of Employees


Location

  • Community Shores Bank Corporation
  • 1030 West Norton Avenue
  • Muskegon
  • Michigan
  • 49441
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSHBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 1998

Biography

Community Shores Bank Corporation operates as the holding company for Community Shores Bank, a community bank that provides various commercial and consumer banking services primarily in the communities of Muskegon County and Northern Ottawa County, Michigan. The company offers various deposit services, including checking and savings accounts, time deposits, certificates of deposit, and individual retirement accounts. Its loan portfolio comprises fixed rate and adjustable rates loans, construction loans and loans for condominiums; home equity loans; and construction permanent loans. The company also provides installment loans and credit lines, including automobile loans, boat loans, recreational vehicle loans, home improvement loans, personal loans, and personal lines of credit; credit cards; and business loans, such as small business lines of credit, term loans commercial real estate loans, letters of credit, and SBA loans. In addition, it offers electronic and mobile banking services; overdrafts; re-order checks, wire transfers, safe deposit boxes, notary services, ATM and one-time debit card overdraft opt-in, gift cards, and courier services; and investment products. The company serves individuals, businesses, schools, associations, churches, nonprofit organizations, financial institutions, and government authorities. Community Shores Bank Corporation was founded in 1998 and is based in Muskegon, Michigan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 01:38
End of Day Share Price2020/03/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.