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GRRB

GrandSouth Bancorporation OTCPK:GRRB Stock Report

Last Price

US$31.50

Market Cap

US$164.5m

7D

-5.5%

1Y

29.1%

Updated

06 Aug, 2022

Data

Company Financials +
GRRB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends2/6

GRRB Stock Overview

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

GrandSouth Bancorporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GrandSouth Bancorporation
Historical stock prices
Current Share PriceUS$31.50
52 Week HighUS$33.33
52 Week LowUS$22.00
Beta0.56
1 Month Change2.11%
3 Month Change14.55%
1 Year Change29.13%
3 Year Change96.88%
5 Year Change121.05%
Change since IPO521.13%

Recent News & Updates

Shareholder Returns

GRRBUS BanksUS Market
7D-5.5%0.3%1.0%
1Y29.1%-14.1%-12.9%

Return vs Industry: GRRB exceeded the US Banks industry which returned -14.1% over the past year.

Return vs Market: GRRB exceeded the US Market which returned -12.8% over the past year.

Price Volatility

Is GRRB's price volatile compared to industry and market?
GRRB volatility
GRRB Average Weekly Movement4.8%
Banks Industry Average Movement3.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: GRRB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GRRB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998199Mason Garretthttps://www.grandsouth.com

GrandSouth Bancorporation operates as the bank holding company for GrandSouth Bank that provides banking services to individuals and businesses. It accepts checking accounts, savings accounts, money market accounts, various term certificates of deposit, and individual retirement accounts. The company also offers one-to-four family residential, commercial real estate, home equity and lines of credit, residential construction and other construction and land, and commercial loans; and consumer loans comprising loans secured by personal property, such as automobiles, marketable securities, and boats and motorcycles, as well as unsecured consumer debt.

GrandSouth Bancorporation Fundamentals Summary

How do GrandSouth Bancorporation's earnings and revenue compare to its market cap?
GRRB fundamental statistics
Market CapUS$164.49m
Earnings (TTM)US$15.45m
Revenue (TTM)US$53.89m

10.6x

P/E Ratio

1.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRRB income statement (TTM)
RevenueUS$53.89m
Cost of RevenueUS$0
Gross ProfitUS$53.89m
Other ExpensesUS$38.43m
EarningsUS$15.45m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.96
Gross Margin100.00%
Net Profit Margin28.68%
Debt/Equity Ratio42.6%

How did GRRB perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

16%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GRRB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GRRB?

Other financial metrics that can be useful for relative valuation.

GRRB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does GRRB's PE Ratio compare to its peers?

GRRB PE Ratio vs Peers
The above table shows the PE ratio for GRRB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.9x
RMBI Richmond Mutual Bancorporation
13.7xn/aUS$168.2m
FNCB FNCB Bancorp
7.7xn/aUS$158.1m
HWBK Hawthorn Bancshares
7.6xn/aUS$173.6m
LYBC Lyons Bancorp
9.9xn/aUS$164.4m
GRRB GrandSouth Bancorporation
10.6x5.9%US$164.5m

Price-To-Earnings vs Peers: GRRB is good value based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (10.9x).


Price to Earnings Ratio vs Industry

How does GRRB's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: GRRB is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the US Banks industry average (9.8x)


Price to Earnings Ratio vs Fair Ratio

What is GRRB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GRRB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.6x
Fair PE Ratio11.3x

Price-To-Earnings vs Fair Ratio: GRRB is good value based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).


Share Price vs Fair Value

What is the Fair Price of GRRB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GRRB ($31.5) is trading below our estimate of fair value ($39.6)

Significantly Below Fair Value: GRRB is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRRB's forecast earnings growth (5.9% per year) is above the savings rate (1.9%).

Earnings vs Market: GRRB's earnings (5.9% per year) are forecast to grow slower than the US market (12.8% 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


Discover growth companies

Past Performance

How has GrandSouth Bancorporation performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


38.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GRRB has high quality earnings.

Growing Profit Margin: GRRB's current net profit margins (28.7%) are higher than last year (25.7%).


Past Earnings Growth Analysis

Earnings Trend: GRRB's earnings have grown significantly by 38.2% per year over the past 5 years.

Accelerating Growth: GRRB's earnings growth over the past year (29.2%) is below its 5-year average (38.2% per year).

Earnings vs Industry: GRRB earnings growth over the past year (29.2%) exceeded the Banks industry 9.2%.


Return on Equity

High ROE: GRRB's Return on Equity (17%) is considered low.


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Financial Health

How is GrandSouth Bancorporation's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: GRRB's Assets to Equity ratio (13x) is moderate.

Allowance for Bad Loans: GRRB has a sufficient allowance for bad loans (4505%).

Low Risk Liabilities: 96% of GRRB's liabilities are made up of primarily low risk sources of funding.

Loan Level: GRRB has an appropriate level of Loans to Assets ratio (75%).

Low Risk Deposits: GRRB's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: GRRB has an appropriate level of bad loans (0%).


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.65%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GRRB's dividend (1.65%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: GRRB's dividend (1.65%) is low compared to the top 25% of dividend payers in the US market (4.09%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GRRB has been paying a dividend for less than 10 years.

Growing Dividend: GRRB's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (16.4%), GRRB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

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

21.8yrs

Average management tenure


CEO

Mason Garrett (79 yo)

21.83yrs

Tenure

US$219,491

Compensation

Mr. Mason Young Garrett has been the Chairman and Chief Executive Officer of Grandsouth Bancorporation since October 2000. Mr. Garrett Co-Founded GrandSouth Bank and Grandsouth Bancorporation in 1998. Mr....


CEO Compensation Analysis

Compensation vs Market: Mason's total compensation ($USD219.49K) is below average for companies of similar size in the US market ($USD1.67M).

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


Leadership Team

Experienced Management: GRRB's management team is seasoned and experienced (21.8 years average tenure).


Board Members

Experienced Board: GRRB's board of directors are seasoned and experienced ( 16.1 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: GrandSouth Bancorporation
  • Ticker: GRRB
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$164.494m
  • Shares outstanding: 5.22m
  • Website: https://www.grandsouth.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.