NasdaqCM:HVBC

Stock Analysis Report

Executive Summary

HV Bancorp, Inc. operates as the bank holding company for Huntingdon Valley Bank that provides various financial products and services to individuals and businesses.

Risk Analysis

Earnings have declined by -0.51% per year over past 5 years

High level of non-cash earnings

Shareholders have been diluted in the past year

Does not have a meaningful market cap ($37M)



Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

How has HV Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.7%

HVBC

0.3%

US Mortgage

1.2%

US Market


1 Year Return

14.1%

HVBC

17.2%

US Mortgage

24.2%

US Market

Return vs Industry: HVBC underperformed the US Mortgage industry which returned 18.8% over the past year.

Return vs Market: HVBC underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

HVBCIndustryMarket
7 Day-0.7%0.3%1.2%
30 Day6.8%-1.5%3.5%
90 Day16.0%0.3%11.7%
1 Year14.1%14.1%19.8%17.2%26.9%24.2%
3 Year27.4%22.9%27.4%18.6%53.0%43.2%
5 Yearn/a71.6%53.0%75.3%56.0%

Price Volatility Vs. Market

How volatile is HV Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HV Bancorp undervalued compared to its fair value and its price relative to the market?

37.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HVBC ($17.25) is trading above our estimate of fair value ($1.5)

Significantly Below Fair Value: HVBC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HVBC is poor value based on its PE Ratio (37.3x) compared to the Mortgage industry average (14.2x).

PE vs Market: HVBC is poor value based on its PE Ratio (37.3x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HVBC is good value based on its PB Ratio (1.1x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is HV Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.3%

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 HV Bancorp 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 HV Bancorp performed over the past 5 years?

-0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HVBC has a high level of non-cash earnings.

Growing Profit Margin: HVBC's current net profit margins (7.2%) are lower than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: HVBC's earnings have declined by -0.5% per year over the past 5 years.

Accelerating Growth: HVBC's earnings growth over the past year (17.2%) exceeds its 5-year average (-0.5% per year).

Earnings vs Industry: HVBC earnings growth over the past year (17.2%) underperformed the Mortgage industry 23.1%.


Return on Equity

High ROE: HVBC's Return on Equity (2.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is HV Bancorp'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: HVBC has a low level of unsold assets or inventory.

Debt Coverage by Assets: HVBC's debt is covered by short term assets (assets are 2.5x debt).


Financial Institutions Analysis

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

Allowance for Bad Loans: HVBC has a low allowance for bad loans.

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

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

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

Level of Bad Loans: HVBC has an appropriate level of bad loans (1.42%)


Next Steps

Dividend

What is HV Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if HVBC'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 HVBC'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 HV Bancorp's salary, the management and board of directors tenure and is there insider trading?

3.9yrs

Average board tenure


CEO

Travis Thompson (46yo)

6.1yrs

Tenure

US$279,626

Compensation

Mr. Travis J. Thompson, Esq., serves as Chief Executive Officer and President of HV Bancorp, Inc. Mr. Thompson has been the Chief Executive Officer and President of Huntingdon Valley Bank since January 16, ...


CEO Compensation Analysis

Compensation vs Market: Travis's total compensation ($USD279.63K) is below average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Travis's compensation has been consistent with company performance over the past year.


Board Age and Tenure

3.9yrs

Average Tenure

55.5yo

Average Age

Experienced Board: HVBC's board of directors are considered experienced (3.9 years average tenure).


Insider Trading

Insider Buying: HVBC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$7,32219 Dec 19
Derek Warden
EntityIndividual
Shares440
Max PriceUS$16.64
BuyUS$2,45819 Dec 19
Derek Warden
EntityIndividual
Shares160
Max PriceUS$15.50
BuyUS$4,71018 Sep 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares320
Max PriceUS$14.76
BuyUS$7,48917 Sep 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares508
Max PriceUS$14.85
BuyUS$13,21113 Sep 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares898
Max PriceUS$14.75
BuyUS$14,45006 Sep 19
J. Jacobsen
EntityIndividual
Shares1,000
Max PriceUS$14.45
BuyUS$20,97306 Sep 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,440
Max PriceUS$14.70
BuyUS$9,43830 Aug 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares660
Max PriceUS$14.30
BuyUS$11,27328 Aug 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares790
Max PriceUS$14.27
BuyUS$1,55018 Jun 19
Hugh Connelly
EntityIndividual
Shares100
Max PriceUS$15.50
BuyUS$7,01507 Jun 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares452
Max PriceUS$15.52
BuyUS$4,95231 May 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares316
Max PriceUS$15.67
BuyUS$8,35429 May 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares523
Max PriceUS$15.98
BuyUS$3,15021 May 19
Hugh Connelly
EntityIndividual
Shares200
Max PriceUS$15.75
BuyUS$13,45116 May 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares854
Max PriceUS$15.75
BuyUS$19,99214 May 19
Robert Marino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,254
Max PriceUS$16.00
BuyUS$3,16013 May 19
Hugh Connelly
EntityIndividual
Shares200
Max PriceUS$15.80
BuyUS$10,77326 Feb 19
Hugh Connelly
EntityIndividual
Shares684
Max PriceUS$15.75

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.1%.


Management Team

  • Joseph O'Neill (60yo)

    Executive VP & CFO

    • Tenure: 6.1yrs
    • Compensation: US$221.06k
  • Travis Thompson (46yo)

    Chairman

    • Tenure: 6.1yrs
    • Compensation: US$279.63k
  • Janice Garner

    Corporate Secretary

    • Barton Skurbe

      Director


      Board Members

      • Bob Marino (55yo)

        Independent Director

        • Tenure: 1.7yrs
        • Compensation: US$192.77k
      • Travis Thompson (46yo)

        Chairman

        • Tenure: 6.1yrs
        • Compensation: US$279.63k
      • Scott Froggatt (59yo)

        Lead Independent Director

        • Compensation: US$25.45k
      • Joseph Kelly (58yo)

        Independent Director

        • Tenure: 6.1yrs
        • Compensation: US$25.55k
      • John Behm (52yo)

        Independent Director

        • Tenure: 3.9yrs
        • Compensation: US$24.10k
      • Carl Asplundh (56yo)

        Independent Director

        • Tenure: 2yrs
        • Compensation: US$121.42k

      Company Information

      HV Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: HV Bancorp, Inc.
      • Ticker: HVBC
      • Exchange: NasdaqCM
      • Founded: 1871
      • Industry: Thrifts and Mortgage Finance
      • Sector: Banks
      • Market Cap: US$36.238m
      • Shares outstanding: 2.12m
      • Website: https://www.hvbancorp.com

      Number of Employees


      Location

      • HV Bancorp, Inc.
      • 2005 South Easton Road
      • Suite 304
      • Doylestown
      • Pennsylvania
      • 18901
      • United States

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      HVBCNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 2017

      Biography

      HV Bancorp, Inc. operates as the bank holding company for Huntingdon Valley Bank that provides various financial products and services to individuals and businesses. Its deposit products include NOW, money market, savings, and checking accounts, as well as demand deposits and certificates of deposit; and loan portfolio comprises one-to-four family residential real estate, commercial real estate, home equity, commercial business, construction, and consumer loans, as well as home equity lines of credit. The company also invests in various investment securities. It serves communities located in Montgomery, Bucks, and Philadelphia Counties in Pennsylvania from its executive office, four full service bank offices, one limited service office, and four loan production offices. The company was founded in 1871 and is headquartered in Doylestown, Pennsylvania. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/21 01:18
      End of Day Share Price2020/01/16 00:00
      Earnings2019/09/30
      Annual Earnings2019/06/30


      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.