OTCPK:TSHR

Stock Analysis Report

Three Shores Bancorporation

Executive Summary

Three Shores Bancorporation, Inc. operates as a bank holding company for Seaside National Bank & Trust that offers commercial banking products and services in Florida.


Snowflake Analysis

Adequate balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Three Shores Bancorporation's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TSHR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.7%

TSHR

-0.07%

US Banks

2.0%

US Market


1 Year Return

n/a

TSHR

15.5%

US Banks

23.5%

US Market

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

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


Shareholder returns

TSHRIndustryMarket
7 Day2.7%-0.07%2.0%
30 Day3.8%-1.8%4.3%
90 Dayn/a9.3%12.2%
1 Yearn/a18.9%15.5%26.1%23.5%
3 Yearn/a34.5%25.0%53.1%43.2%
5 Yearn/a86.0%65.1%75.5%56.1%

Price Volatility Vs. Market

How volatile is Three Shores Bancorporation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Three Shores Bancorporation undervalued compared to its fair value and its price relative to the market?

16.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TSHR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TSHR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TSHR is poor value based on its PE Ratio (16.1x) compared to the Banks industry average (12.8x).

PE vs Market: TSHR is good value based on its PE Ratio (16.1x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TSHR is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Three Shores Bancorporation forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.4%

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 Three Shores Bancorporation 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

Past Performance

How has Three Shores Bancorporation performed over the past 5 years?

20.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TSHR has high quality earnings.

Growing Profit Margin: TSHR's current net profit margins (25.6%) are lower than last year (28.1%).


Past Earnings Growth Analysis

Earnings Trend: TSHR's earnings have grown significantly by 20.4% per year over the past 5 years.

Accelerating Growth: TSHR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TSHR had negative earnings growth (-15.4%) over the past year, making it difficult to compare to the Banks industry average (27.1%).


Return on Equity

High ROE: TSHR's Return on Equity (8.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Three Shores Bancorporation'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: TSHR has a low level of unsold assets or inventory.

Debt Coverage by Assets: TSHR's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is Three Shores Bancorporation's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate TSHR'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 TSHR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TSHR'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 TSHR'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 Three Shores Bancorporation's salary, the management and board of directors tenure and is there insider trading?

10.1yrs

Average board tenure


CEO

Gideon Haymaker (60yo)

0yrs

Tenure

0

Mr. Gideon T. Haymaker is Founder, Chief Executive Officer, President and Director of Three Shores Bancorporation, Inc. and President and Chief Executive Officer of Seaside National Bank & Trust. From 2000 ...


Board Age and Tenure

10.1yrs

Average Tenure

60yo

Average Age

Experienced Board: TSHR's board of directors are seasoned and experienced ( 10.1 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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.


Management Team

  • Gideon Haymaker (60yo)

    Founder

    • Barry Griffiths

      Senior VP & CFO

      • Gary Young

        Chief Operating Officer


        Board Members

        • Brian Golson (49yo)

          Director

          • Tenure: 10.1yrs
        • Rick Walsh

          Director

          • John Cochran (48yo)

            Director

            • Tenure: 10.1yrs
          • Tom O'Shane (71yo)

            Director

            • Gideon Haymaker (60yo)

              Founder

              • Tom Yochum (75yo)

                Chairman of the Board

                • Tenure: 10.1yrs
              • Chas Bailes

                Director

                Company Information

                Three Shores Bancorporation, Inc.'s company bio, employee growth, exchange listings and data sources


                Key Information

                • Name: Three Shores Bancorporation, Inc.
                • Ticker: TSHR
                • Exchange: OTCPK
                • Founded: 2009
                • Industry: Regional Banks
                • Sector: Banks
                • Market Cap: US$234.403m
                • Shares outstanding: 24.29m
                • Website: https://www.threeshoresbancorporation.com

                Location

                • Three Shores Bancorporation, Inc.
                • 201 South Orange Avenue
                • Suite 1350
                • Orlando
                • Florida
                • 32801
                • United States

                Listings

                TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
                TSHROTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2018

                Biography

                Three Shores Bancorporation, Inc. operates as a bank holding company for Seaside National Bank & Trust that offers commercial banking products and services in Florida. The company, through its subsidiary, provides private banking, commercial banking, wealth management, trust services, and insurance. The company was incorporated in 2009 and is based in Orlando, Florida. 


                Company Analysis and Financial Data Status

                All financial data provided by Standard & Poor's Capital IQ.
                DataLast Updated (UTC time)
                Company Analysis2020/01/18 00:48
                End of Day Share Price2020/01/17 00:00
                Earnings2019/09/30
                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.