| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$21.45 |
| 52 Week High | US$26.30 |
| 52 Week Low | US$19.90 |
| Beta | 0.87 |
| 1 Month Change | -12.81% |
| 3 Month Change | -11.22% |
| 1 Year Change | -13.86% |
| 3 Year Change | 12.90% |
| 5 Year Change | 19.17% |
| Change since IPO | -24.24% |
Recent News & Updates
Shareholder Returns
| HSBI | US Banks | US 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
| HSBI volatility | |
|---|---|
| HSBI Average Weekly Movement | 8.0% |
| Banks Industry Average Movement | 3.8% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.5% |
| 10% least volatile stocks in US Market | 3.0% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1995 | 275 | Leonard Moreland | https://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
| HSBI fundamental statistics | |
|---|---|
| Market Cap | US$147.85m |
| Earnings (TTM) | US$13.32m |
| Revenue (TTM) | US$69.45m |
11.6x
P/E Ratio1.0x
P/B RatioIs HSBI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HSBI income statement (TTM) | |
|---|---|
| Revenue | US$69.45m |
| Cost of Revenue | US$0 |
| Gross Profit | US$69.45m |
| Other Expenses | US$56.13m |
| Earnings | US$13.32m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.85 |
| Gross Margin | 100.00% |
| Net Profit Margin | 19.18% |
| Debt/Equity Ratio | 47.4% |
How did HSBI perform over the long term?
See historical performance and comparisonValuation
Is Heritage Southeast Bancorporation undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6Valuation 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
0/6Future 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
4/6Past 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
6/6Financial 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
0/6Dividend 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/17 00:00 |
| End of Day Share Price | 2022/06/17 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.