OTCPK:GRRB

Stock Analysis Report

GrandSouth Bancorporation

Executive Summary

GrandSouth Bancorporation operates as the bank holding company for GrandSouth Bank that provides banking services to individuals and businesses.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Share Price & News

How has GrandSouth Bancorporation's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

GRRB

2.9%

US Banks

0.07%

US Market


1 Year Return

-5.7%

GRRB

8.6%

US Banks

8.9%

US Market

Return vs Industry: GRRB underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: GRRB underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

GRRBIndustryMarket
7 Day0%2.9%0.07%
30 Day7.7%3.4%-0.3%
90 Day3.0%2.1%-1.6%
1 Year-5.7%-5.7%11.8%8.6%11.3%8.9%
3 Year32.6%28.9%54.8%44.1%46.3%36.8%
5 Year190.6%167.7%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

How volatile is GrandSouth Bancorporation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is GrandSouth Bancorporation undervalued compared to its fair value and its price relative to the market?

11.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: GRRB is good value based on its PE Ratio (11.2x) compared to the Banks industry average (12.6x).

PE vs Market: GRRB is good value based on its PE Ratio (11.2x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GRRB is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is GrandSouth Bancorporation forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRRB's forecast earnings growth (8.1% per year) is above the savings rate (2.7%).

Earnings vs Market: GRRB's earnings (8.1% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

High Growth Revenue: Insufficient data to determine if GRRB'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 GRRB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has GrandSouth Bancorporation performed over the past 5 years?

24.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GRRB's earnings have grown significantly by 24.3% per year over the past 5 years.

Accelerating Growth: GRRB's earnings growth over the past year (125.4%) exceeds its 5-year average (24.3% per year).

Earnings vs Industry: GRRB earnings growth over the past year (125.4%) exceeded the Banks industry 29.7%.


Return on Equity

High ROE: GRRB's Return on Equity (10.1%) is considered low.


Return on Assets

ROA vs Industry: GRRB's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate GRRB's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is GrandSouth Bancorporation'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: GRRB has a low level of unsold assets or inventory.

Debt Coverage by Assets: GRRB's debt is covered by short term assets (assets are 5.931360x debt).


Financial Institutions Analysis

Asset Level: GRRB's level of assets compared to its equity is moderate.

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

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

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

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

Level of Bad Loans: GRRB has an appropriate level of bad loans (0.3%)


Next Steps

Dividend

What is GrandSouth Bancorporation's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: GRRB is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GRRB'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 GrandSouth Bancorporation's salary, the management and board of directors tenure and is there insider trading?

19.0yrs

Average management tenure


CEO

Mason Garrett (76yo)

19yrs

Tenure

US$135,030

Compensation

Mr. Mason Young Garrett serves as the Chief Executive Officer of Grandsouth Bancorporation since October 2000. Mr. Garrett served as President and Chief Executive Officer of First United Bancorporation sin ...


Management Age and Tenure

19.0yrs

Average Tenure

61yo

Average Age

Experienced Management: GRRB's management team is seasoned and experienced (19 years average tenure).


Board Age and Tenure

13.3yrs

Average Tenure

65yo

Average Age

Experienced Board: GRRB's board of directors are seasoned and experienced ( 13.3 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • JB Schwiers (61yo)

    President

    • Tenure: 3.8yrs
  • Mason Garrett (76yo)

    Chairman & CEO

    • Tenure: 19yrs
    • Compensation: US$135.03k
  • John Garrett (48yo)

    Senior VP

    • Tenure: 0yrs
    • Compensation: US$117.11k

Board Members

  • JB Schwiers (61yo)

    President

    • Tenure: 3.8yrs
  • Baety Gross (71yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$13.91k
  • Michael Gault (63yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$13.91k
  • Mason Garrett (76yo)

    Chairman & CEO

    • Tenure: 19yrs
    • Compensation: US$135.03k
  • Hal Garrett (50yo)

    Director

    • Tenure: 19.8yrs
    • Compensation: US$13.91k
  • John Garrett (48yo)

    Senior VP

    • Tenure: 0yrs
    • Compensation: US$117.11k
  • S. Howard (65yo)

    Vice Chairman of the Board

    • Tenure: 3.8yrs
    • Compensation: US$13.91k
  • J. Pruitt (69yo)

    Independent Director

    • Tenure: 13.3yrs
    • Compensation: US$13.54k
  • Tony Morgan

    Director & Officer

    • Tenure: 0.5yrs
  • Rusty Shealy (68yo)

    Director

    • Tenure: 0.5yrs

Company Information

GrandSouth Bancorporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GrandSouth Bancorporation
  • Ticker: GRRB
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$90.326m
  • Shares outstanding: 5.19m
  • Website: https://www.grandsouth.com

Location

  • GrandSouth Bancorporation
  • 381 Halton Road
  • Greenville
  • South Carolina
  • 29607
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GRRBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJul 2003

Biography

GrandSouth Bancorporation operates as the bank holding company for GrandSouth Bank that provides banking services to individuals and businesses. It accepts checking accounts, NOW accounts, savings accounts ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:50
End of Day Share Price2019/10/04 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.