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HSBI

Heritage Southeast Bancorporation OTCPK:HSBI Stock Report

Last Price

US$21.45

Market Cap

US$147.8m

7D

-13.3%

1Y

-13.9%

Updated

17 Jun, 2022

Data

Company Financials
HSBI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

HSBI Stock Overview

Heritage Southeast Bancorporation, Inc. operates as the bank holding company for Heritage Southeast Bank that provides a range of commercial and consumer banking products and services primarily in North and South Metro Atlanta, southeastern Georgia, and Northeastern Florida.

Heritage Southeast Bancorporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Heritage Southeast Bancorporation
Historical stock prices
Current Share PriceUS$21.45
52 Week HighUS$26.30
52 Week LowUS$19.90
Beta0.87
1 Month Change-12.81%
3 Month Change-11.22%
1 Year Change-13.86%
3 Year Change12.90%
5 Year Change19.17%
Change since IPO-24.24%

Recent News & Updates

Shareholder Returns

HSBIUS BanksUS Market
7D-13.3%-3.8%-5.9%
1Y-13.9%-15.7%-20.8%

Return vs Industry: HSBI exceeded the US Banks industry which returned -18.4% over the past year.

Return vs Market: HSBI exceeded the US Market which returned -22.5% over the past year.

Price Volatility

Is HSBI's price volatile compared to industry and market?
HSBI volatility
HSBI Average Weekly Movement8.0%
Banks Industry Average Movement3.8%
Market Average Movement7.8%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.0%

Stable Share Price: HSBI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HSBI's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995275Leonard Morelandhttps://myhsbi.com

Heritage Southeast Bancorporation, Inc. operates as the bank holding company for Heritage Southeast Bank that provides a range of commercial and consumer banking products and services primarily in North and South Metro Atlanta, southeastern Georgia, and Northeastern Florida. The company offers checking and savings, money market, and individual retirement accounts, as well as certificates of deposit; personal, home equity, mortgage, term, small business administration, commercial real estate, and construction loans; personal lines of credit; accounts receivable financing; credit and debit cards; and mobile, online, and telephone banking services, as well as cash management, courier, and remote deposit services. The company was founded in 1995 and is based in Jonesboro, Georgia.

Heritage Southeast Bancorporation Fundamentals Summary

How do Heritage Southeast Bancorporation's earnings and revenue compare to its market cap?
HSBI fundamental statistics
Market CapUS$147.85m
Earnings (TTM)US$13.32m
Revenue (TTM)US$69.45m

11.6x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HSBI income statement (TTM)
RevenueUS$69.45m
Cost of RevenueUS$0
Gross ProfitUS$69.45m
Other ExpensesUS$56.13m
EarningsUS$13.32m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.85
Gross Margin100.00%
Net Profit Margin19.18%
Debt/Equity Ratio47.4%

How did HSBI perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


10.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: HSBI ($21.45) is trading below our estimate of fair value ($23.95)

Significantly Below Fair Value: HSBI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HSBI is poor value based on its Price-To-Earnings Ratio (11.6x) compared to the US Banks industry average (9.4x).

PE vs Market: HSBI is good value based on its Price-To-Earnings Ratio (11.6x) compared to the US market (14.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HSBI's Price-To-Book Ratio (1x) is in line with the US Banks industry average.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.9%

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 Heritage Southeast Bancorporation 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.


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  • Check out Heritage Southeast Bancorporation's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • 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 Heritage Southeast Bancorporation's filings and announcements here.

Past Performance

How has Heritage Southeast 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


40.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HSBI has a large one-off loss of $5.2M impacting its March 31 2022 financial results.

Growing Profit Margin: HSBI's current net profit margins (19.2%) are higher than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: HSBI's earnings have grown significantly by 40.1% per year over the past 5 years.

Accelerating Growth: HSBI's earnings growth over the past year (86.1%) exceeds its 5-year average (40.1% per year).

Earnings vs Industry: HSBI earnings growth over the past year (86.1%) exceeded the Banks industry 20.8%.


Return on Equity

High ROE: HSBI's Return on Equity (8.8%) is considered low.


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Financial Health

How is Heritage Southeast 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: HSBI's Assets to Equity ratio (11.2x) is moderate.

Allowance for Bad Loans: HSBI has a sufficient allowance for bad loans (812%).

Low Risk Liabilities: 95% of HSBI's liabilities are made up of primarily low risk sources of funding.

Loan Level: HSBI has an appropriate level of Loans to Assets ratio (63%).

Low Risk Deposits: HSBI's Loans to Deposits ratio (73%) is appropriate.

Level of Bad Loans: HSBI has an appropriate level of bad loans (0.2%).


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Earnings 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 HSBI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


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Management

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

2.8yrs

Average management tenure


CEO

Leonard Moreland (60 yo)

5.42yrs

Tenure

US$418,004

Compensation

Mr. Leonard A. Moreland has been Chief Executive Officer of Heritage Southeast Bancorporation, Inc. since September 2019. Mr. Moreland had been President of Heritage Southeast Bank since January 2017. Mr....


Leadership Team

Experienced Management: HSBI's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: HSBI's board of directors are seasoned and experienced ( 12.9 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 been diluted in the past year, with total shares outstanding growing by 2.8%.


Top Shareholders

Company Information

Heritage Southeast Bancorporation, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Heritage Southeast Bancorporation, Inc.
  • Ticker: HSBI
  • Exchange: OTCPK
  • Founded: 1995
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$147.846m
  • Shares outstanding: 7.21m
  • Website: https://myhsbi.com

Number of Employees


Location

  • Heritage Southeast Bancorporation, Inc.
  • 101 North Main Street
  • PO Box 935
  • Jonesboro
  • Georgia
  • 30236
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/17 00:00
End of Day Share Price2022/06/17 00:00
Earnings2022/03/31
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.