OTCPK:SCBH

Stock Analysis Report

Seacoast Commerce Banc Holdings

Executive Summary

Seacoast Commerce Banc Holdings operates as a bank holding company for Seacoast Commerce Bank that provides various banking products and services principally to small and middle market businesses and individuals in California.

Rewards

PE ratio (12.4x) is below the US market (18.4x)

Earnings grew by 142.3% over the past year

Risk Analysis

Has not reported any financial data

Unstable dividend track record

Shareholders have been diluted in the past year



Snowflake Analysis

Solid track record and slightly overvalued.


Similar Companies

Share Price & News

How has Seacoast Commerce Banc Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SCBH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.6%

SCBH

1.2%

US Banks

0.8%

US Market


1 Year Return

-14.7%

SCBH

22.1%

US Banks

17.8%

US Market

Return vs Industry: SCBH underperformed the US Banks industry which returned 22.1% over the past year.

Return vs Market: SCBH underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

SCBHIndustryMarket
7 Day0.6%1.2%0.8%
30 Day-1.7%0.9%1.8%
90 Day-7.6%9.2%4.1%
1 Year-12.7%-14.7%25.7%22.1%20.4%17.8%
3 Year6.8%1.1%31.9%22.7%45.9%36.4%
5 Year57.3%47.5%75.8%56.2%68.1%49.6%

Price Volatility Vs. Market

How volatile is Seacoast Commerce Banc Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Seacoast Commerce Banc Holdings undervalued compared to its fair value and its price relative to the market?

12.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SCBH ($17.7) is trading above our estimate of fair value ($6.92)

Significantly Below Fair Value: SCBH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SCBH is good value based on its PE Ratio (12.4x) compared to the Banks industry average (12.7x).

PE vs Market: SCBH is good value based on its PE Ratio (12.4x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Next Steps

Future Growth

How is Seacoast Commerce Banc Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.5%

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 Seacoast Commerce Banc Holdings 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

Past Performance

How has Seacoast Commerce Banc Holdings performed over the past 5 years?

22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCBH has high quality earnings.

Growing Profit Margin: SCBH's current net profit margins (21.3%) are higher than last year (10.6%).


Past Earnings Growth Analysis

Earnings Trend: SCBH's earnings have grown significantly by 22.6% per year over the past 5 years.

Accelerating Growth: SCBH's earnings growth over the past year (142.3%) exceeds its 5-year average (22.6% per year).

Earnings vs Industry: SCBH earnings growth over the past year (142.3%) exceeded the Banks industry 27.1%.


Return on Equity

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


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Seacoast Commerce Banc Holdings'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 SCBH has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is Seacoast Commerce Banc Holdings's current dividend yield, its reliability and sustainability?

2.71%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: SCBH's dividend (2.71%) is higher than the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: SCBH's dividend (2.71%) is low compared to the top 25% of dividend payers in the US market (3.72%).


Stability and Growth of Payments

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

Growing Dividend: SCBH's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.3%), SCBH'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 and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Seacoast Commerce Banc Holdings's salary, the management and board of directors tenure and is there insider trading?

4.4yrs

Average management tenure


CEO

Seacoast Commerce Banc Holdings has no CEO, or we have no data on them.


Management Age and Tenure

4.4yrs

Average Tenure

Experienced Management: SCBH's management team is considered experienced (4.4 years average tenure).


Board Age and Tenure

5.0yrs

Average Tenure

59yo

Average Age

Experienced Board: SCBH's board of directors are considered experienced (5 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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.5%.


Management Team

  • Rick Sanborn (56yo)

    President

    • Tenure: 5yrs
  • Dave Bartram (62yo)

    Senior Executive VP

    • Tenure: 5yrs
  • Bill Roche

    Senior Executive VP & CFO

    • Tenure: 5yrs
  • Doug Thompson

    Chief Risk Officer & Senior VP

    • Tenure: 3.8yrs
  • Tooney Thepsoumane

    Senior Vice President and Small Business Administration Business Development Officer

    • Tenure: 2.7yrs
  • Rachel Rowley

    Senior VP & Deposit Relationship Manager

    • Tenure: 1.6yrs

Board Members

  • Bud Feldkamp (74yo)

    Director

    • Tenure: 5yrs
  • Rick Sanborn (56yo)

    President

    • Tenure: 5yrs
  • Allan Arendsee

    Chairman of the Board

    • Tenure: 0yrs
  • Dave Bartram (62yo)

    Senior Executive VP

    • Tenure: 5yrs
  • Bobby DePhilippis

    Director

    • Tenure: 5yrs
  • Rick Levenson (55yo)

    Director

    • Tenure: 5yrs
  • Lisa Betyar

    Director

    • Tenure: 0yrs
  • Timothy O'Connor

    Director

    • Tenure: 2yrs
  • Byron Field

    Director

    • Tenure: 0yrs

Company Information

Seacoast Commerce Banc Holdings's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Seacoast Commerce Banc Holdings
  • Ticker: SCBH
  • Exchange: OTCPK
  • Founded: 2014
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$169.249m
  • Shares outstanding: 9.56m
  • Website: https://www.scbholdings.com

Location

  • Seacoast Commerce Banc Holdings
  • 11939 Rancho Bernardo Road
  • Suite 200
  • San Diego
  • California
  • 92128
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCBHOTCPK (Pink Sheets LLC)YesCommon StockUSUSDSep 2003

Biography

Seacoast Commerce Banc Holdings operates as a bank holding company for Seacoast Commerce Bank that provides various banking products and services principally to small and middle market businesses and indiv ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/12 00:42
End of Day Share Price2019/12/11 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.