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 last earnings update was 27 days ago.
Discounted Cash Flow Calculation for OTCPK:TSHR using Excess Returns Model Model
The calculations below outline how an intrinsic value for Three Shores Bancorporation is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
The current share price of
Three Shores Bancorporation
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Three Shores Bancorporation's
is considered below, and whether this is a fair price.
Price based on past earnings
Three Shores Bancorporation's earnings available for a low price, and how does
this compare to other companies in the same industry?
Three Shores Bancorporation's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
Unable to determine if Three Shores Bancorporation is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Three Shores Bancorporation's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Three Shores Bancorporation
has a total score of
1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Fundamentally a bank's business is based upon borrowing and lending money, for
this reason they typically have high levels of debt and we analyse them
This treemap shows a more detailed breakdown of
Three Shores Bancorporation's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
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 until 2004, Mr. Haymaker served as the Executive Vice President, Group Line of Business Manager Private Client Services, for SunTrust Bank, Inc in Orlando, Florida. From 1998 until 2000, he served as the Executive Vice President - Director of Retail Banking for SunTrust Bank, Inc. Central Florida. From 1991 to 1998, he served as the President/Chief Operating officer of SunTrust Bank Treasure Coast in Martin, Port St. Lucie, and Indian River, Florida. From 1985 to 1991, Mr. Haymaker served as the Chief Administrative Officer of SunTrust Bank Martin County, NA. It was during this time period that Mr. Haymaker facilitated two mergers with SunTrust Bank of St. Lucie County and SunTrust Bank of Indian River County, N,A. to form SunTrust Bank, Treasure Coast, and N.A., subsequently, he also managed the merging of SunTrust Bank Treasure Coast, N.A. into SunTrust Bank South Florida in Broward and Palm Beach Counties. From 1984 to 1985, he served as Commercial Loan officer for SunTrust Bank St. Lucie County, and from 1982 to 1984, he served as Associate Vice President - Corporate Lending for Atlantic Bank of Florida. His numerous responsibilities have also included opening new offices in Seminole, Orange, Osceola, Lake, St. Lucie, Indian River, and Martin Counties.
Insufficient data for Gideon to compare compensation growth.
Insufficient data for Gideon to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Senior VP & CFO
Chief Operating Officer
Board of Directors Tenure
Average tenure and age of the
Three Shores Bancorporation
board of directors in years:
The tenure for the Three Shores Bancorporation board of directors is about average.
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.
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