AMEX:BKJ

Stock Analysis Report

Bancorp Of New Jersey

Executive Summary

Bancorp Of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides various banking products and services to individuals, businesses, non-profit organizations, and governmental units.


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-7.4%

BKJ

-2.3%

US Banks

-1.5%

US Market


1 Year Return

36.9%

BKJ

11.4%

US Banks

21.7%

US Market

Return vs Industry: BKJ exceeded the US Banks industry which returned 21.7% over the past year.

Return vs Market: BKJ exceeded the US Market which returned 24.7% over the past year.


Shareholder returns

BKJIndustryMarket
7 Day-7.4%-2.3%-1.5%
30 Day-4.4%-5.4%1.4%
90 Day7.8%2.1%7.9%
1 Year36.9%36.9%14.7%11.4%24.3%21.7%
3 Year48.0%47.2%28.6%19.5%49.5%39.9%
5 Year81.6%73.9%78.5%58.5%72.6%53.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bancorp Of New Jersey undervalued compared to its fair value and its price relative to the market?

28.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BKJ ($17.89) is trading above our estimate of fair value ($7.07)

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


Price To Earnings Ratio

PE vs Industry: BKJ is poor value based on its PE Ratio (28.3x) compared to the Banks industry average (12.8x).

PE vs Market: BKJ is poor value based on its PE Ratio (28.3x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BKJ is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

2.4%

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 Bancorp Of New Jersey 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 Bancorp Of New Jersey performed over the past 5 years?

3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BKJ has high quality earnings.

Growing Profit Margin: BKJ's current net profit margins (17.7%) are higher than last year (16.2%).


Past Earnings Growth Analysis

Earnings Trend: BKJ's earnings have grown by 3.5% per year over the past 5 years.

Accelerating Growth: BKJ's earnings growth over the past year (10.5%) exceeds its 5-year average (3.5% per year).

Earnings vs Industry: BKJ earnings growth over the past year (10.5%) underperformed the Banks industry 27.1%.


Return on Equity

High ROE: BKJ's Return on Equity (4.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bancorp Of New Jersey'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: BKJ has a low level of unsold assets or inventory.

Debt Coverage by Assets: BKJ's debt is covered by short term assets (assets are 2.3x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: BKJ has an appropriate level of bad loans (1.68%)


Next Steps

Dividend

What is Bancorp Of New Jersey's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if BKJ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BKJ is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BKJ'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 Bancorp Of New Jersey's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Nancy Graves (66yo)

3.8yrs

Tenure

US$704,492

Compensation

Ms. Nancy E. Graves has been the President, Chief Executive Officer and Director of Bancorp Of New Jersey, Inc. and for its subsidiary, Bank of New Jersey since April 5, 2016. Ms. Graves served as the Chie ...


CEO Compensation Analysis

Compensation vs Market: Nancy's total compensation ($USD704.49K) is above average for companies of similar size in the US market ($USD519.76K).

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


Management Age and Tenure

3.7yrs

Average Tenure

49yo

Average Age

Experienced Management: BKJ's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

14.0yrs

Average Tenure

67.5yo

Average Age

Experienced Board: BKJ's board of directors are seasoned and experienced ( 14 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$1,430,98417 Sep 19
Michael Bello
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares109,244
Max PriceUS$13.49
SellUS$1,567,51027 Aug 19
Clover Partners, L.P.
EntityCompany
Shares105,202
Max PriceUS$14.90

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Management Team

  • Nancy Graves (66yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$704.49k
  • Robert Cusick

    Senior VP & Commercial Lender

    • Mike Trepicchio (49yo)

      Executive VP & Chief Lending Officer

      • Tenure: 3.2yrs
      • Compensation: US$245.82k
    • Matthew Levinson (49yo)

      Executive VP & CFO

      • Tenure: 4.4yrs
      • Compensation: US$334.46k
    • Ramsey Chong

      Executive VP & Chief Credit Officer

      • Mina Turelli (52yo)

        Executive VP & Chief Risk Officer

        • Tenure: 3.7yrs
        • Compensation: US$315.13k
      • Lori Young (49yo)

        Executive VP & Chief Administrative Officer

        • Compensation: US$191.31k
      • Ronald Urtiaga

        Senior VP & Commercial Lender

        • Cornelia Brummer

          VP & Marketing Director

          • Kinga Mikos

            Vice President of Operations


            Board Members

            • Gerald Calabrese (69yo)

              Chairman of the Board

              • Tenure: 6yrs
              • Compensation: US$40.70k
            • Nancy Graves (66yo)

              President

              • Tenure: 3.8yrs
              • Compensation: US$704.49k
            • Michael Bello (55yo)

              Independent Director

              • Tenure: 14yrs
              • Compensation: US$26.50k
            • Jay Blau (73yo)

              Independent Director

              • Tenure: 14yrs
              • Compensation: US$34.90k
            • Albert Buzzetti (50yo)

              Vice Chairman of the Board

              • Tenure: 5.8yrs
              • Compensation: US$27.50k
            • Stephen Crevani (77yo)

              Independent Director

              • Tenure: 14yrs
              • Compensation: US$23.70k
            • Anthony LoConte (62yo)

              Independent Director

              • Tenure: 14yrs
              • Compensation: US$25.30k
            • Rosario Luppino (86yo)

              Director

              • Tenure: 14yrs
              • Compensation: US$29.90k
            • Joel Paritz (75yo)

              Independent Director

              • Tenure: 14yrs
              • Compensation: US$35.20k
            • Anthony Siniscalchi (60yo)

              Independent Director

              • Tenure: 14yrs
              • Compensation: US$32.20k

            Company Information

            Bancorp Of New Jersey, Inc.'s company bio, employee growth, exchange listings and data sources


            Key Information

            • Name: Bancorp Of New Jersey, Inc.
            • Ticker: BKJ
            • Exchange: AMEX
            • Founded: 2006
            • Industry: Regional Banks
            • Sector: Banks
            • Market Cap: US$130.962m
            • Shares outstanding: 7.32m
            • Website: https://www.bonj.net

            Number of Employees


            Location

            • Bancorp Of New Jersey, Inc.
            • 1365 Palisade Avenue
            • Fort Lee
            • New Jersey
            • 7024
            • United States

            Listings

            TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
            BKJAMEX (NYSE MKT LLC)YesCommon StockUSUSDJun 2008

            Biography

            Bancorp Of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides various banking products and services to individuals, businesses, non-profit organizations, and governmental units. The company offers various deposit products, including interest and noninterest checking, passbook savings, and money market accounts; and time deposits, such as certificates of deposit and individual retirement accounts. Its loan portfolio consists of commercial real estate, commercial and industrial, residential, consumer, and home equity loans. In addition, the company offers mail, telephone, Internet, and electronic banking services; and check cards, ATM cards, credit cards, and automatic and ACH transfer services, as well as invests in securities. It operates through a network of 9 branch offices located in Fort Lee, Hackensack, Haworth, Englewood, Cliffside Park, Englewood Cliffs, and Woodcliff Lake. The company was founded in 2006 and is based in Fort Lee, New Jersey. 


            Company Analysis and Financial Data Status

            All financial data provided by Standard & Poor's Capital IQ.
            DataLast Updated (UTC time)
            Company Analysis2020/01/03 00:21
            End of Day Share Price2019/12/31 00:00
            Earnings2019/09/30
            Annual Earnings2018/12/31


            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.