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Is Bank of South Carolina Corporation (NASDAQ:BKSC) Overpaying Its CEO?

Simply Wall St

In 2012 Fleetwood Hassell was appointed CEO of Bank of South Carolina Corporation (NASDAQ:BKSC). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Then we'll look at a snap shot of the business growth. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. This method should give us information to assess how appropriately the company pays the CEO.

See our latest analysis for Bank of South Carolina

How Does Fleetwood Hassell's Compensation Compare With Similar Sized Companies?

Our data indicates that Bank of South Carolina Corporation is worth US$106m, and total annual CEO compensation is US$314k. (This is based on the year to December 2018). We think total compensation is more important but we note that the CEO salary is lower, at US$266k. We looked at a group of companies with market capitalizations under US$200m, and the median CEO total compensation was US$479k.

This would give shareholders a good impression of the company, since most similar size companies have to pay more, leaving less for shareholders. However, before we heap on the praise, we should delve deeper to understand business performance.

You can see, below, how CEO compensation at Bank of South Carolina has changed over time.

NasdaqCM:BKSC CEO Compensation, August 6th 2019

Is Bank of South Carolina Corporation Growing?

On average over the last three years, Bank of South Carolina Corporation has grown earnings per share (EPS) by 10.0% each year (using a line of best fit). Its revenue is up 3.7% over last year.

I'd prefer higher revenue growth, but it is good to see modest EPS growth. So there are some positives here, but not enough to earn high praise. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Has Bank of South Carolina Corporation Been A Good Investment?

With a total shareholder return of 27% over three years, Bank of South Carolina Corporation shareholders would, in general, be reasonably content. But they probably don't want to see the CEO paid more than is normal for companies around the same size.

In Summary...

It appears that Bank of South Carolina Corporation remunerates its CEO below most similar sized companies.

It's well worth noting that while Fleetwood Hassell is paid less than most company leaders (at companies of similar size), share price performance has been somewhat uninspiring. However I do not find the CEO compensation to be concerning. If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Bank of South Carolina.

If you want to buy a stock that is better than Bank of South Carolina, this free list of high return, low debt companies is a great place to look.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.