OTCPK:SOUB

Stock Analysis Report

SouthPoint Bancshares

Executive Summary

SouthPoint Bancshares, Inc., through its subsidiary, SouthPoint Bank, provides various banking products and services in central Alabama.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Share Price & News

How has SouthPoint Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

SOUB

1.4%

US Banks

1.0%

US Market


1 Year Return

n/a

SOUB

0.2%

US Banks

6.7%

US Market

Return vs Industry: Insufficient data to determine how SOUB performed against the US Banks industry.

Return vs Market: Insufficient data to determine how SOUB performed against the US Market.


Share holder returns

SOUBIndustryMarket
7 Day0%1.4%1.0%
30 Day3.3%-2.6%-1.8%
90 Day1.6%0.8%-1.8%
1 Yearn/a3.1%0.2%9.1%6.7%
3 Yearn/a52.0%41.5%46.1%36.6%
5 Yearn/a69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

17%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: SOUB ($18.6) is trading below our estimate of fair value ($22.45)

Significantly Undervalued: SOUB is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: SOUB is good value based on its PE Ratio (8.5x) compared to the Banks industry average (12.5x).

PE vs Market: SOUB is good value based on its PE Ratio (8.5x) compared to the US market (17.5x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: SOUB is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: SOUB's forecast earnings growth (1.5% per year) is below the savings rate (2.7%).

Earnings vs Market: SOUB's earnings (1.5% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

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


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has SouthPoint Bancshares performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SOUB's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: SOUB's earnings growth over the past year (39.9%) exceeds its 5-year average (11.1% per year).

Earnings vs Industry: SOUB earnings growth over the past year (39.9%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: SOUB's Return on Equity (14.3%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is SouthPoint Bancshares'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: SOUB has a low level of unsold assets or inventory.

Debt Coverage by Assets: SOUB's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: SOUB has an appropriate level of bad loans (0.36%)


Next Steps

Dividend

What is SouthPoint Bancshares's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate SOUB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SOUB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SOUB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SOUB's dividend payments have been increasing.


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: No need to calculate the sustainability of SOUB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.8yrs

Average board tenure


CEO

Steve Smith (58yo)

3.8yrs

Tenure

0

James Stephen Smith serves as the Chairman, President and CEO of SouthPoint Bank (the “Bank”). He also serves on the Bank's Board of Directors and was one of the original founders of the Bank. He has over  ...


Board Age and Tenure

3.8yrs

Average Tenure

Experienced Board: SOUB's board of directors are considered experienced (3.8 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

  • Steve Smith (58yo)

    Chairman

    • Tenure: 3.8yrs
  • Robin Trimm

    Executive VP

    • Tenure: 3.8yrs

Board Members

  • Christopher Harmon

    Director

    • Tenure: 3.8yrs
  • Robert Jolly

    Director

    • Tenure: 1.3yrs
  • Steve Smith (58yo)

    Chairman

    • Tenure: 3.8yrs
  • David Mims

    Director

    • Tenure: 3.8yrs
  • Stephen Leara

    Director

    • Tenure: 1.3yrs

Company Information

SouthPoint Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SouthPoint Bancshares, Inc.
  • Ticker: SOUB
  • Exchange: OTCPK
  • Founded: 2005
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$37.233m
  • Shares outstanding: 2.00m
  • Website: https://southpoint.bank

Location

  • SouthPoint Bancshares, Inc.
  • 3501 Grandview Parkway
  • Birmingham
  • Alabama
  • 35243
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SOUBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2019

Biography

SouthPoint Bancshares, Inc., through its subsidiary, SouthPoint Bank, provides various banking products and services in central Alabama. The company accepts various deposits, such as checking, saving, mone ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 03:37
End of Day Share Price2019/09/30 00:00
Earnings2018/12/31
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.

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