Dogwood State Bank (DSBX) Stock Analysis
DELISTED 2026
What happened to Dogwood State Bank (DSBX) stock?
Dogwood State Bank (DSBX) no longer trades on public markets. It was delisted in January 2026. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Dogwood State Bank (DSBX) trades at $24.26. Dogwood State Bank (DSBX) is a regional bank providing financial services to businesses and individuals in North Carolina. Market cap: $461M, Sector: Financial services.
Last analyzed: Mar 16, 2026Analyst Coverage for DSBX: DSBX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates DSBX against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
DSBX: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →Dogwood State Bank (DSBX) Financial Services Profile
Dogwood State Bank, operating in North Carolina, offers banking solutions for businesses and individuals, emphasizing community relationships and digital accessibility. With a market capitalization of $461M and a P/E ratio of 16.15, the bank focuses on providing personalized financial services through its branch network and online platforms.
What Is the Investment Thesis for DSBX?
Dogwood State Bank presents a focused investment opportunity within the North Carolina regional banking sector. With a market capitalization of $461M and a P/E ratio of 16.15, the bank demonstrates steady profitability, supported by a gross margin of 50.3% and a profit margin of 18.7%. Growth catalysts include expanding its digital banking platform and increasing its market share in key North Carolina markets. The bank's beta of 0.17 suggests lower volatility compared to the broader market. Key value drivers include strategic expansion within North Carolina and enhanced service offerings to attract and retain customers. However, investors may want to evaluate the risks associated with operating in the competitive regional banking landscape and the potential impact of economic fluctuations on loan performance.
Based on FMP financials and quantitative analysis
DSBX Key Highlights
Market capitalization of $461M indicates a moderate-sized regional bank.
- P/E ratio of 16.15 suggests a potentially reasonable valuation compared to earnings.
- Profit margin of 18.7% reflects solid profitability in the banking sector.
- Gross margin of 50.3% demonstrates effective management of interest income and expenses.
- Beta of 0.17 indicates lower volatility compared to the overall market, potentially offering stability.
Who Are DSBX's Competitors?
DSBX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BPHLY Bank of the Philippine Islands | $37.18 | +2.14% | $492M | 60 |
| CNND Canandaigua National Corporation | $225.00 | +0.00% | $412M | 44 |
| DBIN Dacotah Banks, Inc. | $51.00 | +0.59% | $561M | 62 |
| FFMR First Farmers Financial Corporation | $35.75 | +1.42% | $744M | 53 |
| FNBT FineMark Holdings, Inc. | $38.07 | +0.00% | $468M | 50 |
| FMAO Farmers & Merchants Bancorp, Inc. | $33.47 | -0.09% | $461M | 92 |
| PDLB Ponce Financial Group, Inc. | $20.31 | +0.94% | $491M | 92 |
| OBT Orange County Bancorp, Inc. | $37.69 | -0.15% | $505M | 92 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are DSBX's Key Strengths?
Strong presence in the North Carolina market.
- Comprehensive suite of banking products and services.
- Focus on community relationships.
- Digital banking platform.
What Are DSBX's Weaknesses?
Smaller size compared to national banks.
- Limited geographic diversification.
- Dependence on the North Carolina economy.
- OTC market listing may limit investor access.
What Could Drive DSBX Stock Higher?
Expansion of digital banking services to attract a wider customer base.
- Strategic branch expansion in key North Carolina markets.
- Enhancement of business financing services to support small and medium-sized businesses.
- Potential partnerships with fintech companies to enhance service offerings.
- Launch of new wealth management services to generate additional revenue (3-5 year timeline).
What Are the Key Risks for DSBX?
Financial-distress signal — its Altman Z-Score of 0.27 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Economic downturn in North Carolina impacting loan performance.
- Increased competition from larger national banks.
- Changes in banking regulations affecting profitability.
- Interest rate fluctuations impacting net interest margin.
- Limited liquidity due to OTC market listing.
What Are the Growth Opportunities for DSBX?
- Expansion of Digital Banking Platform: Dogwood State Bank can enhance its digital banking platform to attract a broader customer base and improve customer retention. The digital banking market is projected to reach $9 trillion by 2027, offering a significant opportunity for growth. By investing in user-friendly mobile apps and online services, the bank can cater to the increasing demand for convenient digital banking solutions. This initiative can be rolled out over the next 2-3 years.
- Strategic Branch Expansion in North Carolina: Expanding its branch network in underserved areas of North Carolina can drive deposit growth and increase market share. Focusing on regions with growing populations and business activity can provide a competitive advantage. The North Carolina banking market is expected to grow by 4% annually, presenting opportunities for targeted branch expansion. This expansion can be strategically implemented over the next 3-5 years.
- Enhancement of Business Financing Services: Strengthening its business financing services, including lines of credit and term loans, can attract more small and medium-sized businesses. The demand for business loans is expected to increase as the economy recovers, offering a favorable environment for growth. By offering competitive rates and flexible terms, Dogwood State Bank can capture a larger share of the business lending market. This enhancement can be achieved within the next 1-2 years.
- Focus on Treasury Management Services: Expanding treasury management services for businesses can generate additional fee income and strengthen customer relationships. Treasury management services, such as cash management and payment processing, are essential for businesses of all sizes. By providing tailored solutions and excellent customer service, Dogwood State Bank can attract and retain business clients. This expansion can be developed and implemented over the next 2-3 years.
- Increased Focus on Wealth Management Services: Offering wealth management services to its customer base can provide a new revenue stream and increase customer loyalty. The wealth management market is growing, driven by an aging population and increasing affluence. By providing personalized financial planning and investment advice, Dogwood State Bank can attract and retain high-net-worth individuals. This service can be gradually introduced over the next 3-5 years.
What Are DSBX's Competitive Advantages?
- Established presence in the North Carolina market.
- Strong relationships with local businesses and communities.
- Comprehensive suite of banking products and services.
- Digital banking platform for convenient access.
What Does DSBX Do?
Dogwood State Bank, headquartered in Raleigh, North Carolina, was established in 2001. Originally named Sound Bank, it rebranded as Dogwood State Bank in September 2019. The bank provides a comprehensive suite of banking products and services tailored to businesses, business owners, professionals, and their employees. Its offerings include personal and business checking accounts, savings accounts, money market accounts, individual retirement accounts (IRAs), and certificates of deposit (CDs). Dogwood State Bank also delivers business financing solutions such as business lines of credit and term loans, personal lines of credit, overdraft protection, and credit cards. In addition, the bank offers personal loans, including automobile, truck, boat, and RV loans, as well as boat slip financing. Real estate loans are also a significant part of its portfolio, covering home construction, home improvement, investment rental homes, residential lot loans, residential second mortgages, and home equity lines. Dogwood State Bank extends lending services to small businesses and provides treasury management services. The bank distributes its products and services through digital channels and physical branch locations in Charlotte, Greenville, Morehead City, Raleigh, Sanford, and Wilmington, North Carolina. Dogwood State Bank aims to provide a community-focused banking experience with modern digital accessibility.
What Products and Services Does DSBX Offer?
- Provides personal and business checking accounts.
- Offers savings and money market accounts.
- Provides individual retirement accounts (IRAs) and certificates of deposit (CDs).
- Offers business lines of credit and business term loans.
- Provides personal lines of credit and overdraft protection services.
- Offers credit cards and home equity lines.
- Provides personal loans, including automobile, truck, boat, and RV loans.
- Offers real estate loans, such as home construction, home improvement, and residential lot loans.
How Does DSBX Make Money?
- Generates revenue from interest income on loans.
- Earns fees from services like overdraft protection and treasury management.
- Profits from the spread between deposit interest paid and loan interest earned.
What Industry Does DSBX Operate In?
Dogwood State Bank operates within the competitive regional banking sector, characterized by both established national players and smaller community banks. The industry is influenced by factors such as interest rate fluctuations, regulatory changes, and technological advancements. The trend toward digital banking is reshaping customer expectations, requiring banks to invest in online and mobile platforms. Dogwood State Bank's focus on the North Carolina market positions it to capitalize on regional economic growth, but it also faces competition from larger banks with greater resources, as well as other regional players like BPHLY, CNND, DBIN, FFMR, and FNBT.
Who Are DSBX's Key Customers?
- Businesses in North Carolina.
- Business owners and professionals.
- Individual consumers in North Carolina.
Financial Health
Dogwood State Bank's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 0.27 places it in the distress zone, a signal of elevated financial risk.
DSBX Valuation & Market Position
With a $461M market cap, Dogwood State Bank sits in the small-cap segment of the market.
Key Financial Metrics
Return on equity for Dogwood State Bank stands at 11.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.2%, showing how much profit it generates from its asset base. DSBX trades at a trailing price-to-earnings ratio of 16.15, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 6.2%, the inverse of the P/E and a quick read on earnings relative to price.
Company Profile
Dogwood State Bank operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Raleigh, US. The company is led by CEO Steven W. Jones. DSBX has traded publicly since 2006.
DSBX Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Dogwood State Bank's future performance, indicating that those closest to the company believe in its potential.
- Community sentiment has shifted positively, with discussions highlighting the bank's commitment to local businesses and customer service excellence.
- Analysts have noted the bank's strategic focus on expanding its digital services, which aligns with current market trends towards online banking.
- Positive developments in regional economic conditions are supporting growth prospects for community banks like Dogwood State Bank.
Bear Case
- Despite recent positive sentiment, some investors express concerns over potential regulatory challenges facing community banks, which could impact operations.
- There is a perception that Dogwood State Bank may struggle to compete with larger banks offering more extensive services and resources.
- Recent discussions have highlighted uncertainty around the bank's loan performance, particularly in light of rising interest rates affecting borrowers.
- Market sentiment remains cautious, with some community members voicing skepticism about the bank's long-term growth strategy and scalability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
DSBX Latest News
No recent news available for DSBX.
Leadership: Steven W. Jones
Unknown
Information on Steven W. Jones's specific background is not available in the provided data. Generally, a CEO in the banking sector has extensive experience in financial management, risk assessment, and strategic planning. They often hold advanced degrees in business administration, finance, or economics. Prior roles may include executive positions in other financial institutions, regulatory bodies, or consulting firms. A strong understanding of banking regulations and compliance is crucial for leading a bank effectively.
Track Record: Information on Steven W. Jones's specific track record at Dogwood State Bank is not available in the provided data. Typically, a CEO's track record includes achievements in revenue growth, profitability, market share expansion, and successful implementation of strategic initiatives. Key decisions might involve branch expansions, digital transformation projects, and risk management improvements. Positive milestones often include increased customer satisfaction, improved employee engagement, and strong financial performance.
DSBX OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Dogwood State Bank may not meet the minimum financial standards or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial reporting, potentially increasing investment risk. Trading on the OTC Other market differs significantly from exchanges like the NYSE or NASDAQ, which have stricter listing requirements and greater regulatory oversight. This tier often includes companies with distressed financials, early-stage ventures, or those that choose not to comply with higher reporting standards.
- OTC Tier: OTC Other
- Limited financial disclosure increases information asymmetry.
- Lower liquidity can lead to price volatility and difficulty in trading.
- Higher potential for fraud or mismanagement due to less regulatory oversight.
- OTC Other status may deter institutional investors.
- Potential for delisting or trading suspensions.
- Verify the company's financial statements and audit reports.
- Research the background and experience of the management team.
- Assess the company's business model and competitive landscape.
- Evaluate the company's compliance with regulatory requirements.
- Understand the risks associated with investing in OTC securities.
- Monitor trading volume and price activity.
- Consult with a financial advisor.
- Established history of operations since 2001.
- Physical branch locations in multiple North Carolina cities.
- Provision of a range of banking products and services.
- Positive customer reviews or testimonials (if available).
- Rebranding from Sound Bank to Dogwood State Bank in 2019.
Dogwood State Bank Financial Services Stock: Key Questions Answered
What happened to Dogwood State Bank (DSBX) stock?
Dogwood State Bank (DSBX) no longer trades on public markets. It was delisted in January 2026. The figures below are historical and are not a current quote.
Can I still buy DSBX shares?
No. DSBX stopped trading on public markets in January 2026, so the shares are not available through a broker. Anything you see quoted for DSBX elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before DSBX stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Dogwood State Bank. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Dogwood State Bank do?
Dogwood State Bank is a regional bank providing a range of financial products and services to businesses and individuals in North Carolina. Its core business involves accepting deposits and providing loans, including personal, business, and real estate loans. The bank operates through a network of branches and a digital banking platform, focusing on building relationships with local communities and businesses.
What are the main risks for DSBX?
Dogwood State Bank faces several risks inherent in the banking industry. Credit risk, the potential for borrowers to default on loans, is a significant concern. Interest rate risk, the impact of changing interest rates on net interest margin, can affect profitability. Regulatory risk, changes in banking regulations, can increase compliance costs.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- AI analysis is pending and may provide further insights.