ANDC Stock Overview

Operates as the bank holding company for Andover Bank that provides commercial and retail banking products and services. More details

ANDC fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 61.6% below our estimate of its fair value

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap ($41M)

Latest financial reports are more than 6 months old

My Notes

Capture your thoughts, links and company narrative

Andover Bancorp, Inc. Competitors

MBT Bancshares

OTCPK:MBKL

US$42.9m

Mid-Southern Bancorp

OTCPK:MSVB

US$43.2m

Cincinnati Bancorp

OTCPK:CNNB

US$38.0m

Commercial National Financial

OTCPK:CEFC

US$40.4m

Price History & Performance

Summary of share price highs, lows and changes for Andover Bancorp
Historical stock prices
Current Share Price	US$20.00
52 Week High	US$24.00
52 Week Low	US$18.99
Beta	0.13
1 Month Change	1.27%
3 Month Change	5.26%
1 Year Change	3.20%
3 Year Change	5.26%
5 Year Change	2.56%
Change since IPO	-95.15%

Recent updates

Shareholder Returns

	ANDC	US Banks	US Market
7D	0%	-3.4%	-2.2%
1Y	3.2%	29.3%	23.9%

Return vs Industry: ANDC underperformed the US Banks industry which returned 29.3% over the past year.

Return vs Market: ANDC underperformed the US Market which returned 23.9% over the past year.

Price Volatility

Is ANDC's price volatile compared to industry and market?
ANDC volatility
ANDC Average Weekly Movement	n/a
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.1%

Stable Share Price: ANDC's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine ANDC's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1884	101	Stephen Varckette	www.andover.bank/Andover-Bancorp-Inc

Andover Bancorp, Inc. operates as the bank holding company for Andover Bank that provides commercial and retail banking products and services. The company offers savings and checking accounts, individual retirement accounts, and certificates of deposit. It also provides mortgage, construction, home equity, vehicle, student, and personal loans; term, commercial real estate, working capital lines of credit; investment property, land development, acquisitions, and partnership buyouts, as well as equipment, municipal, and non-profit financing services; and debit and credit cards.

Andover Bancorp, Inc. Fundamentals Summary

How do Andover Bancorp's earnings and revenue compare to its market cap?
ANDC fundamental statistics
Market cap	US$40.71m
Earnings (TTM)	US$3.78m
Revenue (TTM)	US$18.26m

10.8x

P/E Ratio

2.0x

P/B Ratio

Is ANDC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ANDC income statement (TTM)
Revenue	US$18.26m
Cost of Revenue	US$0
Gross Profit	US$18.26m
Other Expenses	US$14.48m
Earnings	US$3.78m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	1.86
Gross Margin	100.00%
Net Profit Margin	20.69%
Debt/Equity Ratio	48.6%

How did ANDC perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

42%

Payout Ratio

Does ANDC pay a reliable dividends?

See ANDC dividend history and benchmarks

When do you need to buy ANDC by to receive an upcoming dividend?
Andover Bancorp dividend dates
Ex Dividend Date	Dec 11 2024
Dividend Pay Date	Jan 02 2025
Days until Ex dividend	14 days
Days until Dividend pay date	8 days

Does ANDC pay a reliable dividends?

See ANDC dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 12:26
End of Day Share Price	2024/12/19 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Andover Bancorp, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

Andover Bancorp OTCPK:ANDC Stock Report