OTCPK:SCYT

Stock Analysis Report

Executive Summary

Security Bancorp, Inc. operates as the bank holding company for Security Federal Savings Bank that provides banking, financial, and mortgage services to individual and corporate customers primarily in Warren County, Tennessee.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Risks

  • Security Bancorp's last earnings update was 289 days ago.
  • Security Bancorp is not covered by any analysts.

Share Price & News

How has Security Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:SCYT

-1.8%

US Banks

-1.6%

US Market


1 Year Return

n/a

OTCPK:SCYT

-16.1%

US Banks

-3.0%

US Market

No trading data on SCYT.

No trading data on SCYT.


Share holder returns

SCYTIndustryMarket
7 Day0%-1.8%-1.6%
30 Day0%-10.1%-5.7%
90 Day0.5%-5.0%0.2%
1 Yearn/a-13.7%-16.1%-0.8%-3.0%
3 Yearn/a37.9%28.5%38.1%29.1%
5 Year82.3%62.9%49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is Security Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Security Bancorp undervalued based on future cash flows and its price relative to the stock market?

11.48x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Security Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Security Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Security Bancorp is good value based on earnings compared to the US Banks industry average.

Security Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Security Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

Security Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Security Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Security Bancorp is high growth as no revenue estimate data is available.

Security Bancorp's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).

Unable to compare Security Bancorp's revenue growth to the United States of America market average as no estimate data is available.

Security Bancorp's earnings growth is positive but not above the United States of America market average.

Security Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Security Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Security Bancorp performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Security Bancorp's year on year earnings growth rate has been positive over the past 5 years.

Security Bancorp's 1-year earnings growth is less than its 5-year average (4% vs 9.1%)

Security Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (4% vs 33.1%).


Return on Equity

Security Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Security Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Security Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Security Bancorp'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Security Bancorp has an acceptable proportion of non-loan assets held.

Unable to establish if Security Bancorp has a sufficient allowance for bad loans without relevant financial data.

Security Bancorp's liabilities are made up of primarily low risk sources of funding.

Security Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Security Bancorp are broadly funded by customer deposits.

Unable to establish if Security Bancorp has an acceptable level of bad loans without bad loans data.


Next Steps

Dividend

What is Security Bancorp's current dividend yield, its reliability and sustainability?

1.75%

Current Dividend Yield


Dividend Yield and Payments Analysis

Security Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Security Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been stable in the past 10 years.

No dividend growth in 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Security Bancorp's salary, the management and board of directors tenure and is there insider trading?

22.6yrs

Average board tenure


CEO

Joe Pugh (63yo)

22.6yrs

Tenure

US$189,617

Compensation

Mr. Joe H. Pugh has been the President and Chief Executive Officer of the Savings Bank since 1993 and President and Chief Executive Officer of Security Bancorp Inc. since its inception in 1997. Mr. Pugh se ...


Board Age and Tenure

22.6yrs

Average Tenure

81yo

Average Age

The average tenure for the Security Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Donald Collette (83yo)

    Director Emeritus

    • Tenure: 0.0yrs
  • Ken Martin (68yo)

    Senior Vice President of Security Federal Savings Bank of McMinnville

    • Tenure: 0.0yrs
  • John Mason (81yo)

    Director Emeritus

    • Tenure: 0.0yrs
  • Robert Newman (68yo)

    Secretary & Director

    • Tenure: 27.6yrs
  • Joe Pugh (63yo)

    President

    • Tenure: 22.6yrs
    • Compensation: US$189.62k
  • Earl Barr (82yo)

    Director Emeritus

    • Tenure: 0.0yrs
  • Angela Brown

    Chief Financial Officer

    • Tenure: 0.0yrs
  • Michael Griffith

    Executive Vice President

    • Tenure: 0.0yrs
  • Barbara Page

    Senior Vice President

    • Tenure: 0.0yrs

Board Members

  • Donald Collette (83yo)

    Director Emeritus

    • Tenure: 0.0yrs
  • John Mason (81yo)

    Director Emeritus

    • Tenure: 0.0yrs
  • Robert Newman (68yo)

    Secretary & Director

    • Tenure: 27.6yrs
  • Joe Pugh (63yo)

    President

    • Tenure: 22.6yrs
    • Compensation: US$189.62k
  • R. Schultz (83yo)

    Director Emeritus

    • Tenure: 0.0yrs
  • Earl Barr (82yo)

    Director Emeritus

    • Tenure: 0.0yrs
  • Buzz Spivey (57yo)

    Director

    • Tenure: 13.5yrs
  • Thomas Foster

    Director

    • Tenure: 0.0yrs
  • Herschel Wells

    Vice Chairman

    • Tenure: 0.0yrs
  • Thomas Foster

    Chairman of the Board

    • Tenure: 0.0yrs

Company Information

Security Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Security Bancorp, Inc.
  • Ticker: SCYT
  • Exchange: OTCPK
  • Founded: 1960
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$21.961m
  • Shares outstanding: 385.29k
  • Website: https://www.secfed.net

Location

  • Security Bancorp, Inc.
  • 306 West Main Street
  • McMinnville
  • Tennessee
  • 37110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCYTOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 1997

Biography

Security Bancorp, Inc. operates as the bank holding company for Security Federal Savings Bank that provides banking, financial, and mortgage services to individual and corporate customers primarily in Warr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 23:45
End of Day Share Price2019/05/28 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.