OTCPK:SZBI

Stock Analysis Report

SouthFirst Bancshares

Executive Summary

SouthFirst Bancshares Inc. operates as the holding company for SouthFirst Bank that provides financial services in Alabama.

Risk Analysis

Shares are highly illiquid

Latest financial reports are more than a year old

Does not have a meaningful market cap ($2M)



Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SZBI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

SZBI

-2.1%

US Mortgage

0.9%

US Market


1 Year Return

-30.0%

SZBI

6.8%

US Mortgage

20.0%

US Market

Return vs Industry: SZBI underperformed the US Mortgage industry which returned 7.3% over the past year.

Return vs Market: SZBI underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

SZBIIndustryMarket
7 Day0%-2.1%0.9%
30 Day0%-1.6%1.4%
90 Day32.4%-1.9%8.8%
1 Year-30.0%-30.0%9.3%6.8%22.5%20.0%
3 Year-41.7%-41.7%19.3%10.9%49.9%40.3%
5 Year-41.0%-41.0%60.9%43.1%73.2%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is SouthFirst Bancshares undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether SouthFirst Bancshares is trading at an attractive price based on the cash flow it is expected to produce in the future. But as SouthFirst Bancshares has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SZBI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through SouthFirst Bancshares regulatory filings here.
  • Explore potentially undervalued companies in the Banks industry.

Future Growth

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

6.4%

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 SouthFirst Bancshares 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

  • Take a look at our analysis of SZBI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access SouthFirst Bancshares's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has SouthFirst Bancshares performed over the past 5 years?

15.9%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, SouthFirst Bancshares has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is SouthFirst Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse SouthFirst Bancshares's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. SouthFirst Bancshares has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of SZBI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when SouthFirst Bancshares's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if SZBI'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 SZBI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

23.1yrs

Average management tenure


CEO

Randall Fields (55yo)

9.1yrs

Tenure

US$154,386

Compensation

Mr. Randall L. Fields has been Chief Executive Officer of SouthFirst Bancshares Inc. since January 02, 2011. Mr. Fields serves as Chief Executive Officer SouthFirst Bank since January 2, 2011. He also serv ...


CEO Compensation Analysis

Compensation vs Market: Randall's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD521.92K).

Compensation vs Earnings: Insufficient data to compare Randall's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Randall Fields
President & CEO9.1yrsUS$154.39k0.010% $171.5
Richard Taylor
Vice President of Accounting0yrsno datano data
Janice Browning
Principal Financial Officer0yrsno datano data
Ruth Roper
Executive Vice President of Pension & Benefit - SouthFirst Bank23.1yrsUS$113.82kno data
J. Massey
Director22.8yrsUS$179.38kno data

23.1yrs

Average Tenure

68.5yo

Average Age

Experienced Management: SZBI's management team is seasoned and experienced (23.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Randall Fields
President & CEO9.1yrsUS$154.39k0.010% $171.5
J. Massey
Director22.8yrsUS$179.38kno data
Allen McMillan
Chairman of the Board18.5yrsno data1.66% $28.5k
H. Foote
Director and Director of First Federal32.1yrsno datano data
L. Bice
Independent Director19.1yrsno datano data
Donald Hardy
Independent Director19.1yrsno data0.030% $514.4
Rocky Jackson
Independent Director7.1yrsno data0.030% $514.4
Ronald Salloway
Independent Director5.3yrsno data0.010% $171.5
Robert Hayes
Independent Director12.7yrsno datano data
Sidney Tankersley
Director2.1yrsno data0.63% $10.8k

15.6yrs

Average Tenure

65.5yo

Average Age

Experienced Board: SZBI's board of directors are seasoned and experienced ( 15.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: SouthFirst Bancshares Inc.
  • Ticker: SZBI
  • Exchange: OTCPK
  • Founded: 1949
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$1.720m
  • Shares outstanding: 702.00k
  • Website: https://www.southfirst.com

Location

  • SouthFirst Bancshares Inc.
  • 126 North Norton Avenue
  • PO Box 167
  • Sylacauga
  • Alabama
  • 35150
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SZBIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 1995

Biography

SouthFirst Bancshares Inc. operates as the holding company for SouthFirst Bank that provides financial services in Alabama. The company offers checking, savings, money market, and individual retirement accounts, as well as certificates of deposit; and loans, including automobile, motorcycle, marine, recreational vehicle, share, unsecured, second mortgage, home equity line of credit, and construction loans. It also provides telephone banking, Internet banking, and ATM banking services; debit cards; and safe deposit boxes. The company operates branches in Sylacauga, Talladega, Clanton, and Birmingham. SouthFirst Bancshares Inc. was founded in 1949 and is headquartered in Sylacauga, Alabama. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 23:47
End of Day Share Price2020/01/15 00:00
Earnings2006/06/30
Annual Earnings2005/09/30


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.