OTCPK:SEBC

Stock Analysis Report

Southeastern Banking

Executive Summary

Southeastern Banking Corporation operates as a bank holding company for Southeastern Bank that provides commercial and consumer banking products and services in the United States.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Share Price & News

How has Southeastern Banking's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

SEBC

4.8%

US Banks

2.3%

US Market


1 Year Return

-4.8%

SEBC

0.04%

US Banks

5.6%

US Market

Return vs Industry: SEBC underperformed the US Banks industry which returned 0% over the past year.

Return vs Market: SEBC underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

SEBCIndustryMarket
7 Day0%4.8%2.3%
30 Day-16.3%-0.5%-1.0%
90 Day1.3%2.0%-0.7%
1 Year-2.4%-4.8%2.9%0.04%7.9%5.6%
3 Year72.8%60.6%51.5%41.1%45.6%36.3%
5 Year174.2%145.4%70.9%52.3%65.8%47.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Southeastern Banking undervalued compared to its fair value and its price relative to the market?

9.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: SEBC ($20) is trading above our estimate of fair value ($17.12)

Significantly Undervalued: SEBC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SEBC is good value based on its PE Ratio (9.2x) compared to the Banks industry average (12.6x).

PE vs Market: SEBC is good value based on its PE Ratio (9.2x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SEBC is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Southeastern Banking forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SEBC's forecast earnings growth (1.7% per year) is below the savings rate (2.7%).

Earnings vs Market: SEBC's earnings (1.7% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: SEBC's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if SEBC's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if SEBC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if SEBC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Southeastern Banking performed over the past 5 years?

2.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SEBC's earnings have grown by 2.1% per year over the past 5 years.

Accelerating Growth: SEBC's earnings growth over the past year (86.6%) exceeds its 5-year average (2.1% per year).

Earnings vs Industry: SEBC earnings growth over the past year (86.6%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: SEBC's Return on Equity (12.4%) is considered low.


Return on Assets

ROA vs Industry: SEBC has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate SEBC's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Southeastern Banking'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: SEBC has a low level of unsold assets or inventory.

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


Financial Institutions Analysis

Asset Level: SEBC's level of assets compared to its equity is low.

Allowance for Bad Loans: SEBC has a sufficient allowance for bad loans.

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

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

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

Level of Bad Loans: SEBC has an appropriate level of bad loans (0.62%)


Next Steps

Dividend

What is Southeastern Banking's current dividend yield, its reliability and sustainability?

2.60%

Current Dividend Yield


Dividend Yield vs Market

company2.6%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SEBC's dividend (2.6%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: SEBC's dividend (2.6%) is low compared to the top 25% of dividend payers in the US market (3.76%).

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

Growing Dividend: SEBC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22%), SEBC'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 Southeastern Banking's salary, the management and board of directors tenure and is there insider trading?

15.3yrs

Average management tenure


CEO

Con Holland (63yo)

21.8yrs

Tenure

US$283,334

Compensation

Mr. Cornelius P. Holland, III serves as the Chairman of Southeastern Banking Corp. and has been its Chief Executive Officer and President since December 1997. Mr. Holland has been Chief Executive Officer a ...


Management Age and Tenure

15.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: SEBC's management team is seasoned and experienced (15.3 years average tenure).


Board Age and Tenure

7.4yrs

Average Tenure

64.5yo

Average Age

Experienced Board: SEBC's board of directors are considered experienced (7.4 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

  • Jay Torbert (47yo)

    Treasurer

    • Tenure: 0yrs
    • Compensation: US$156.80k
  • Alyson Beasley (51yo)

    Executive VP & Director

    • Tenure: 20.8yrs
    • Compensation: US$133.13k
  • Con Holland (63yo)

    Chairman

    • Tenure: 21.8yrs
    • Compensation: US$283.33k
  • Wanda Pitts

    Senior VP of Human Resources & Secretary

    • Tenure: 0yrs
  • John Houser (56yo)

    Chief Lending Officer & Executive VP of Southeastern Bank

    • Tenure: 15.3yrs
    • Compensation: US$185.35k
  • Clay Gibson

    Senior Vice President

    • Tenure: 7.5yrs
  • Darryl Cox

    Vice President of Operations

    • Tenure: 0yrs
  • Marvin Pipkin

    Legal Counsel

    • Tenure: 0yrs
  • Mark Westberry

    Senior Vice President of Compliance & Loan Operations

    • Tenure: 0yrs
  • Bradford Brown

    Senior Vice President

    • Tenure: 0yrs

Board Members

  • Alyson Beasley (51yo)

    Executive VP & Director

    • Tenure: 20.8yrs
    • Compensation: US$133.13k
  • Leslie Blair (79yo)

    Emeritus Director

    • Tenure: 0yrs
    • Compensation: US$16.60k
  • David Bluestein (77yo)

    Emeritus Director

    • Tenure: 0yrs
    • Compensation: US$19.18k
  • Con Holland (63yo)

    Chairman

    • Tenure: 21.8yrs
    • Compensation: US$283.33k
  • Alva Hopkins (66yo)

    Director

    • Tenure: 39.8yrs
    • Compensation: US$13.80k
  • Albert Downey (47yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: US$13.58k
  • Mike Hardy (68yo)

    Director

    • Tenure: 2.9yrs
  • Craig Root (66yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: US$14.70k
  • Michele Henderson (62yo)

    Director

    • Tenure: 1.8yrs
  • Cedric King (46yo)

    Director

    • Tenure: 1.8yrs

Company Information

Southeastern Banking Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Southeastern Banking Corporation
  • Ticker: SEBC
  • Exchange: OTCPK
  • Founded: 1888
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$62.580m
  • Shares outstanding: 3.13m
  • Website: https://www.southeasternbank.com

Number of Employees


Location

  • Southeastern Banking Corporation
  • 1010 North Way
  • PO Box 455
  • Darien
  • Georgia
  • 31305
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEBCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 1996

Biography

Southeastern Banking Corporation operates as a bank holding company for Southeastern Bank that provides commercial and consumer banking products and services in the United States. The company offers checki ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 23:44
End of Day Share Price2019/09/30 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.