OTCPK:SCSG

Stock Analysis Report

SouthCrest Financial Group

Executive Summary

SouthCrest Financial Group, Inc. operates as the bank holding company for SouthCrest Bank, N.A.

Snowflake

Fundamentals

Adequate balance sheet unattractive dividend payer.

Share Price & News

How has SouthCrest Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

SCSG

4.1%

US Banks

1.0%

US Market


1 Year Return

-18.9%

SCSG

7.2%

US Banks

8.0%

US Market

Return vs Industry: SCSG underperformed the US Banks industry which returned 7.2% over the past year.

Return vs Market: SCSG underperformed the US Market which returned 8% over the past year.


Shareholder returns

SCSGIndustryMarket
7 Day0%4.1%1.0%
30 Day-1.7%2.8%-0.07%
90 Day-13.6%2.9%-1.0%
1 Year-17.6%-18.9%10.3%7.2%10.4%8.0%
3 Year17.8%15.4%53.9%43.3%46.2%36.7%
5 Year67.2%63.8%71.9%53.1%64.3%46.2%

Price Volatility Vs. Market

How volatile is SouthCrest Financial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SouthCrest Financial Group undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: SCSG ($8.6) is trading above our estimate of fair value ($1.71)

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


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate SCSG's PE Ratio to determine if it is good value compared to the Banks industry average.

PE vs Market: Insufficient data to calculate SCSG's PE Ratio to determine if it is good value compared to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Next Steps

Future Growth

How is SouthCrest Financial Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

60.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCSG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SCSG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SCSG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SCSG's revenue is expected to decline over the next 3 years (-6.7% per year).

High Growth Revenue: SCSG's revenue is forecast to decline over the next 3 years (-6.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SCSG's Return on Equity is forecast to be low in 3 years time (8.9%).


Next Steps

Past Performance

How has SouthCrest Financial Group performed over the past 5 years?

-144.5%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SCSG is unprofitable, and there is insufficient past data to establish if their past 5-year earnings growth rate was positive.

Accelerating Growth: Unable to compare SCSG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SCSG is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (30.1%).


Return on Equity

High ROE: SCSG has a negative Return on Equity (-3.5%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SCSG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SCSG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is SouthCrest Financial Group'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: SCSG has a low level of unsold assets or inventory.

Debt Coverage by Assets: SCSG's debt is not covered by short term assets (assets are 0.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if SCSG has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SCSG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is SouthCrest Financial Group's current dividend yield, its reliability and sustainability?

2.33%

Current Dividend Yield


Upcoming Dividend Payment

Purchase SouthCrest Financial Group before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.3%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years2.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SCSG's dividend (2.33%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: SCSG's dividend (2.33%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: SCSG's dividend payments have been volatile in the past 10 years.

Growing Dividend: SCSG's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SCSG's dividends in 3 years are forecast to be well covered by earnings (29.7% payout ratio).


Next Steps

Management

What is the CEO of SouthCrest Financial Group's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average board tenure


CEO

Brian Schmitt (57yo)

3.2yrs

Tenure

0

Mr. Brian D. Schmitt has been the Chief Executive Officer and President of SouthCrest Financial Group, Inc. and SouthCrest Bank N.A. since August 8, 2016. Mr. Schmitt served as the Chief Executive Officer  ...


Board Age and Tenure

3.1yrs

Average Tenure

57yo

Average Age

Experienced Board: SCSG's board of directors are considered experienced (3.1 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

  • Mike Washburn

    Executive VP & Chief Credit Officer

    • Tenure: 0yrs
  • Brian Schmitt (57yo)

    President

    • Tenure: 3.2yrs
  • Andy Borrmann

    Executive VP & CFO

    • Tenure: 0yrs
  • Lauri Irvin

    Vice President of Marketing

    • Tenure: 0yrs
  • Eddie Wilson

    President of The Community Banking Group

    • Tenure: 0yrs
  • Becky Bell

    Chief Accounting Officer

    • Tenure: 0yrs
  • Jane Prescott

    Chief HR Officer of Southcrest Bank N.A. and SVP of Southcrest Bank N.A.

    • Tenure: 2.4yrs

Board Members

  • Daniel Broos

    Director

    • Tenure: 3yrs
  • Michael McRae (68yo)

    Independent Director

    • Tenure: 15.1yrs
    • Compensation: US$26.60k
  • Brian Schmitt (57yo)

    President

    • Tenure: 3.2yrs
  • Joan Cravey (66yo)

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: US$22.00k
  • Harold Wyatt (50yo)

    Chairman of the Board

    • Tenure: 0.2yrs
  • Tony Scavuzzo (37yo)

    Vice-Chairman

    • Tenure: 0.2yrs
  • Robert Baker

    Director

    • Tenure: 7.8yrs
  • George Hovis

    Director

    • Tenure: 2.8yrs

Company Information

SouthCrest Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SouthCrest Financial Group, Inc.
  • Ticker: SCSG
  • Exchange: OTCPK
  • Founded: 1910
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$53.234m
  • Shares outstanding: 6.19m
  • Website: https://www.southcrestbank.com

Number of Employees


Location

  • SouthCrest Financial Group, Inc.
  • 1475 Peachtree Street NE
  • Suite 200
  • Atlanta
  • Georgia
  • 30309
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCSGOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2004

Biography

SouthCrest Financial Group, Inc. operates as the bank holding company for SouthCrest Bank, N.A. that provides banking services. The company accepts checking, savings, and money market accounts; and certifi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:53
End of Day Share Price2019/10/21 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


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.