OTCPK:ANDC

Stock Analysis Report

Executive Summary

Andover Bancorp, Inc. operates as the bank holding company for Andover Bank that provides various banking products and services.

Snowflake

Fundamentals

Flawless balance sheet unattractive dividend payer.

Risks

  • Andover Bancorp is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.4%

OTCPK:ANDC

2.4%

US Banks

2.9%

US Market


1 Year Return

-17.4%

OTCPK:ANDC

-14.8%

US Banks

0.2%

US Market

ANDC underperformed the Banks industry which returned -14.8% over the past year.

ANDC underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

ANDCIndustryMarket
7 Day0.4%2.4%2.9%
30 Day0.9%-6.3%-2.3%
90 Day-4.5%-2.1%3.1%
1 Year-14.6%-17.4%-12.4%-14.8%2.4%0.2%
3 Year-11.7%-19.5%41.7%32.0%41.7%32.4%
5 Yearn/a52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Andover Bancorp undervalued based on future cash flows and its price relative to the stock market?

7%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Andover Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Andover Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Andover Bancorp is overvalued based on earnings compared to the US Banks industry average.

Andover Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Andover Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

Andover Bancorp is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Andover Bancorp is high growth as no revenue estimate data is available.

Andover Bancorp's earnings are expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).

Unable to compare Andover Bancorp's revenue growth to the United States of America market average as no estimate data is available.

Andover Bancorp's earnings growth is positive but not above the United States of America market average.

Andover Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Andover Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Andover Bancorp performed over the past 5 years?

-0.3%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Insufficient data to establish if Andover Bancorp's year on year earnings growth rate was positive over the past 5 years.

Andover Bancorp's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Andover Bancorp's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Andover Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Andover Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Andover Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Andover 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

Information is not available.

Information is not available.


Financial Institutions Analysis

Andover Bancorp has an acceptable proportion of non-loan assets held.

Andover Bancorp has a sufficient allowance for bad loans.

Andover Bancorp's liabilities are made up of primarily low risk sources of funding.

Andover Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Andover Bancorp are broadly funded by customer deposits.

Andover Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

3.71%

Current Dividend Yield


Dividend Yield and Payments Analysis

Andover Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Andover Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

It is too early to tell whether Andover Bancorp has stable dividend payments.

Andover Bancorp only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Andover Bancorp's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average board tenure


CEO

Stephen Varckette 0

0.0yrs

Tenure

0

Mr. Stephen E. Varckette has been President at Andover Bancorp, Inc. and The Andover Bank (Andover, OH) since May 2014. Mr. Varckette served as Executive Vice President of lending and retail banking at And ...


Board Age and Tenure

5.3yrs

Average Tenure

The tenure for the Andover Bancorp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Edward Debevec (60yo)

    Senior VP

    • Tenure: 0.0yrs
  • Stephen Varckette

    President & CEO

    • Tenure: 0.0yrs
  • Nancy Cook

    Senior Vice President of Human Resources

    • Tenure: 0.0yrs
  • Kim Giddings

    COO & Vice President

    • Tenure: 0.0yrs
  • Richard Kotila

    Senior VP & Secretary

    • Tenure: 0.6yrs
  • Craig Cumberworth

    Senior Vice President of Retail Banking

    • Tenure: 0.0yrs
  • Dan Weber

    Senior Vice President of Lending

    • Tenure: 0.0yrs

Board Members

  • Martin Cole

    Chairman of the Board

    • Tenure: 5.3yrs
  • Stephen Varckette

    President & CEO

    • Tenure: 0.0yrs
  • Robert Taylor

    Director

    • Tenure: 0.0yrs
  • Stu Cordell

    Director

    • Tenure: 4.4yrs
  • Nicholas Jammal

    Director

    • Tenure: 0.0yrs
  • Richard Mole

    Director

    • Tenure: 0.0yrs
  • A. Morrow

    Director

    • Tenure: 0.0yrs
  • Edward Pollander

    Director

    • Tenure: 0.0yrs

Company Information

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


Key Information


Number of Employees


Location

  • Andover Bancorp, Inc.
  • 600 East Main Street
  • P.O. Box 1300
  • Andover
  • Ohio
  • 44003
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANDCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 1997

Biography

Andover Bancorp, Inc. operates as the bank holding company for Andover Bank that provides various banking products and services. The company offers savings and checking accounts; mortgages; certificates of ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 23:32
End of Day Share Price2019/08/20 00:00
Earnings2018/12/31
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.