Stock fact sheet · data as of
First Reliance Bancshares, Inc. (FSRL): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Value
Is FSRL undervalued?
First Reliance Bancshares, Inc. (FSRL) closed at 18.85 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 26.77, so the price sits 30% below it. 5 of the 8 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
There is a wide gap between Lynch (12.71) and 10 Cap (45.22). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files FSRL under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for FSRL
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 18.65 | -1% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 20.84 | +11% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 37.54 | +99% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 12.71 | -33% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 19.99 | +6% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 45.22 | +140% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 42.25 | +124% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 16.96 | -10% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -122.68 | -751% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
First Reliance Bancshares, Inc. scores only 4 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability FSRL scores 5.4/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 8.0%, ROE 11.7%, ROA 1.0% - with debt at 0.47 times equity and negative free cash flow.
First Reliance Bancshares, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 8.0% |
|---|---|---|---|
| GLS Moat | 5.4 / 10 | ROE | 11.7% |
| Debt / equity | 0.47 | ROA | 1.0% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on First Reliance Bancshares, Inc. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 9k shares a day on a market cap of $149M, with a beta of 0.19 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 30% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 8 / 15 | moat 5.4/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 9k shares/day, $149M cap, beta 0.19 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
First Reliance Bancshares, Inc. reports earnings on 23 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to First Reliance Bancshares, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| FINW FinWise Bancorp | 10.75 | 23.10 | +53% | 39No options | $149M |
| JDVB JD Bancshares, Inc. | 42.91 | 39.25 | -9% | 33No options | $147M |
| FMBM F & M Bank Corp. | 40.85 | 62.17 | +34% | 39No options | $147M |
| BEOB BEO Bancorp | 62.26 | 174.17 | +64% | 39No options | $151M |
| CMRB First Commerce Bank | 7.37 | 8.39 | +12% | 39No options | $153M |
| BCBP BCB Bancorp, Inc. | 8.31 | 18.20 | +54% | 45Weak | $144M |
| AMBK American Bank Incorporated | 24.23 | 26.35 | +8% | 38No options | $154M |
| CBBI CBB Bancorp, Inc. | 13.52 | 50.33 | +73% | 39No options | $143M |
| CHBH Croghan Bancshares, Inc. | 71.25 | 90.68 | +21% | 39No options | $143M |
| BLHK Blueharbor Bank | 48.30 | 102.01 | +53% | 39No options | $143M |
| FMBN Farmers & Merchants Bancshares, Inc. | 43.20 | 89.99 | +52% | 39No options | $143M |
| LSBK Lake Shore Bancorp, Inc. | 18.12 | 21.97 | +18% | 39No options | $142M |
⚖ Compare FSRL with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FSRL
Is FSRL undervalued right now?
By the GLS models, moderately: at 18.85 the stock trades 30% below the average fair value of 26.77 (data as of 16 Oct 2026).
What is the Wheel Score of FSRL and what does it mean?
FSRL has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for FSRL?
26.77 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does First Reliance Bancshares, Inc. report earnings next?
The next earnings report is due on 23 Oct 2026 (after the close), 7 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FSRL have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FSRL, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.