Empire Bancorp, Inc. operates as the bank holding company for Empire National Bank that provides various banking products and services primarily in New York.
No risks detected for EMPK from our risk checks.
Flawless balance sheet with proven track record.
Share Price & News
How has Empire Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EMPK has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EMPK underperformed the US Banks industry which returned 10.3% over the past year.
Return vs Market: EMPK underperformed the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is Empire Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Empire Bancorp undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EMPK ($13.59) is trading above our estimate of fair value ($7.12)
Significantly Below Fair Value: EMPK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EMPK is poor value based on its PE Ratio (27.2x) compared to the Banks industry average (12.6x).
PE vs Market: EMPK is poor value based on its PE Ratio (27.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EMPK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EMPK is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).
How is Empire Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Empire 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.
- Check out Empire Bancorp's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Empire Bancorp's filings and announcements here.
- Explore growth companies in the Banks industry.
How has Empire Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EMPK has high quality earnings.
Growing Profit Margin: EMPK's current net profit margins (14.4%) are higher than last year (13.2%).
Past Earnings Growth Analysis
Earnings Trend: EMPK's earnings have grown by 9.1% per year over the past 5 years.
Accelerating Growth: EMPK's earnings growth over the past year (11.2%) exceeds its 5-year average (9.1% per year).
Earnings vs Industry: EMPK earnings growth over the past year (11.2%) underperformed the Banks industry 12.2%.
Return on Equity
High ROE: EMPK's Return on Equity (4.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Empire Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: EMPK has a low level of unsold assets or inventory.
Debt Coverage by Assets: EMPK's debt is covered by short term assets (assets are 2.5x debt).
Financial Institutions Analysis
Asset Level: EMPK's level of assets compared to its equity is moderate.
Allowance for Bad Loans: EMPK has a sufficient allowance for bad loans.
Low Risk Liabilities: EMPK's liabilities are made up of primarily low risk sources of funding.
Loan Level: EMPK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: EMPK's loans are broadly funded by customer deposits.
Level of Bad Loans: EMPK has an appropriate level of bad loans (0.49%)
What is Empire Bancorp's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate EMPK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate EMPK'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 EMPK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EMPK'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 EMPK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Doug Manditch (72yo)
Mr. Douglas C. Manditch, also known as Doug, is Chairman of the Board and Chief Executive Officer of Empire Bancorp Inc. and Empire National Bank since 2008 and he also serves as Secretary of Empire Bancor ...
CEO Compensation Analysis
Compensation vs Market: Doug's total compensation ($USD717.63K) is above average for companies of similar size in the US market ($USD522.48K).
Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.
|Interim CFO||12.1yrs||US$582.63k||1.5% $1.6m|
|Senior VP||10.8yrs||no data||no data|
|Assistant Secretary||0yrs||no data||no data|
|Assistant Secretary||0yrs||no data||no data|
Experienced Management: EMPK's management team is seasoned and experienced (12.1 years average tenure).
|Interim CFO||12.1yrs||US$582.63k||1.5% $1.6m|
|Independent Director||12.1yrs||US$14.50k||0.34% $364.4k|
|Independent Director||12.1yrs||US$14.50k||0.60% $639.0k|
|Independent Director||12.1yrs||US$14.00k||0.54% $577.8k|
|Independent Director||12.1yrs||US$15.88k||0.32% $340.0k|
|Vice Chairman & Lead Independent Director||4.8yrs||US$14.75k||0.47% $499.0k|
|Independent Director||12.1yrs||US$13.50k||0.47% $494.9k|
|Independent Director||0yrs||US$12.50k||0.52% $557.4k|
|Independent Director||12.1yrs||US$15.50k||0.49% $516.7k|
Experienced Board: EMPK's board of directors are seasoned and experienced ( 12.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Empire Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Empire Bancorp, Inc.
- Ticker: EMPK
- Exchange: OTCPK
- Founded: 2008
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$106.369m
- Shares outstanding: 7.83m
- Website: https://www.empirenb.com
Number of Employees
- Empire Bancorp, Inc.
- 1707 Veterans Highway
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EMPK||OTCPK (Pink Sheets LLC)||Yes||Voting Common Stock||US||USD||Mar 2008|
Empire Bancorp, Inc. operates as the bank holding company for Empire National Bank that provides various banking products and services primarily in New York. It offers various deposit products, including checking, savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit. The company also provides commercial lending products, such as commercial real estate loans, multi-family loans, real estate construction and development loans, business term loans, equipment financing, small business administration loans, and lines of credit; and consumer lending products comprising home equity loans, lines of credit, and residential mortgages, as well as consumer installment loans, such as loans to purchase cars, boats, and other recreational vehicles. In addition, it offers electronic services, including remote deposit capture, merchant services, automated clearing house originations, cash management, online and mobile banking, and lockbox processing services, as well as debit cards. The company serves small and medium-sized businesses, professionals, nonprofit organizations, municipalities, real estate investors, and consumers. It operates through a network of four banking offices located in Islandia, Shirley, Port Jefferson Station, and Mineola; and a loan production office in Manhattan, New York. The company was founded in 2008 and is headquartered in Islandia, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:39|
|End of Day Share Price||2020/02/21 00:00|
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.