OTCPK:BLHK

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

blueharbor bank provides various banking products and services.


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has blueharbor bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

4.0%

BLHK

0.06%

US Banks

2.6%

US Market


1 Year Return

-33.1%

BLHK

-22.0%

US Banks

15.4%

US Market

Return vs Industry: BLHK underperformed the US Banks industry which returned -22.7% over the past year.

Return vs Market: BLHK underperformed the US Market which returned 16.2% over the past year.


Shareholder returns

BLHKIndustryMarket
7 Day4.0%0.06%2.6%
30 Day-1.2%4.5%6.1%
90 Day0.2%5.4%16.6%
1 Year-33.1%-33.1%-19.3%-22.0%17.8%15.4%
3 Year2.4%2.4%-12.6%-19.6%43.9%34.7%
5 Year15.9%15.9%11.9%-1.6%76.2%57.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is blueharbor bank undervalued compared to its fair value and its price relative to the market?

33.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BLHK ($8.4) is trading below our estimate of fair value ($12.67)

Significantly Below Fair Value: BLHK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BLHK is good value based on its PE Ratio (7.5x) compared to the US Banks industry average (9.6x).

PE vs Market: BLHK is good value based on its PE Ratio (7.5x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BLHK's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

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

26.8%

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 blueharbor bank 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

  • Examine whether blueharbor bank is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access blueharbor bank's filings and announcementshere.
  • Explore growth companies in the Banks industry.

Past Performance

How has blueharbor bank performed over the past 5 years?

27.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLHK has high quality earnings.

Growing Profit Margin: BLHK's current net profit margins (33.9%) are higher than last year (29.5%).


Past Earnings Growth Analysis

Earnings Trend: BLHK's earnings have grown significantly by 27.1% per year over the past 5 years.

Accelerating Growth: BLHK's earnings growth over the past year (32.2%) exceeds its 5-year average (27.1% per year).

Earnings vs Industry: BLHK earnings growth over the past year (32.2%) exceeded the Banks industry -3%.


Return on Equity

High ROE: BLHK's Return on Equity (10.2%) is considered low.


Next Steps

Financial Health

How is blueharbor bank'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


Financial Institutions Analysis

Asset Level: BLHK's Assets to Equity ratio (7.7x) is low.

Allowance for Bad Loans: BLHK has a sufficient allowance for bad loans (1851%).

Low Risk Liabilities: 97% of BLHK's liabilities are made up of primarily low risk sources of funding.

Loan Level: BLHK has an appropriate level of Loans to Assets ratio (83%).

Low Risk Deposits: BLHK's Loans to Deposits ratio (99%) is appropriate.

Level of Bad Loans: BLHK has an appropriate level of bad loans (0.1%).


Next Steps

Dividend

What is blueharbor bank current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BLHK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BLHK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BLHK'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 BLHK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Jim Marshall (60 yo)

12.58yrs

Tenure

Mr. Joe I. Marshall, Jr., also known as Jim, serves as the Chief Executive Officer and President of BlueHarbor Bank. Mr. Marshall served as Executive Vice President and Chief Credit Officer of Community Ba ...


Leadership Team

NamePositionTenureCompensationOwnership
Joe Marshall
President12.58yrsno datano data
Lindsey Huffman
VP & CFOno datano datano data
Sandi Long
VP & Compliance Managerno datano datano data
Christopher Nichols
Senior VP & Senior Commercial Lender8.58yrsno datano data
Don Flowe
Chief Credit Officer & Senior VPno datano datano data
Doug Hendrix
Senior VP & Statesville Market Executiveno datano datano data
Steve Howard
Senior VP & Senior Commercial Lenderno datano datano data
Richard McIntyre
Senior VP & Carteret County Market President0.33yrno datano data
Carl Larson
VP & Controller0.33yrno datano data
Patricia Wooten
Corporate Secretary and Executive Assistantno datano datano data

4.5yrs

Average Tenure

54.5yo

Average Age

Experienced Management: BLHK's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Joe Marshall
President12.58yrsno datano data
Riley Sloan
Independent Director10.58yrsno datano data
Abigail Jennings
Independent Director12.58yrsno datano data
Clarence Pickard
Independent Director12.58yrsno datano data
Louis Stanfield
Independent Director12.58yrsno datano data
James Teague
Independent Director12.58yrsno datano data
William Pope
Independent Vice Chairman of the Board10.17yrsno datano data
Kelley Miller
Independent Chairman of the Board10.17yrsno datano data
William Marshall
Incorporating Directorno datano datano data

12.6yrs

Average Tenure

61yo

Average Age

Experienced Board: BLHK's board of directors are seasoned and experienced ( 12.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

blueharbor bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: blueharbor bank
  • Ticker: BLHK
  • Exchange: OTCPK
  • Founded: 2008
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$24.472m
  • Shares outstanding: 2.91m
  • Website: https://www.blueharborbank.com

Number of Employees


Location

  • blueharbor bank
  • 106 Corporate Park Drive
  • Mooresville
  • North Carolina
  • 28117
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLHKOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2008

Biography

blueharbor bank provides various banking products and services. It accepts personal and business checking, savings, and investment accounts; and offers personal loans and business loans. The company also p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/06 01:16
End of Day Share Price2020/08/03 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.