OTCPK:EMPK

Stock Analysis Report

Executive Summary

Empire Bancorp, Inc. operates as the bank holding company for Empire National Bank that provides various banking products and services primarily in New York.

Rewards

Earnings have grown 9.1% per year over the past 5 years

Risk Analysis

No risks detected for EMPK from our risk checks.


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

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.


Market Performance


7 Day Return

0.4%

EMPK

-1.2%

US Banks

-1.1%

US Market


1 Year Return

6.2%

EMPK

10.3%

US Banks

17.9%

US Market

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.


Shareholder returns

EMPKIndustryMarket
7 Day0.4%-1.2%-1.1%
30 Day0.7%-0.3%1.4%
90 Day-0.3%-0.9%6.9%
1 Year6.2%6.2%13.5%10.3%20.3%17.9%
3 Year4.9%4.9%24.0%15.1%47.8%38.3%
5 Year64.7%64.7%73.8%54.1%71.9%53.0%

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

Valuation

Is Empire Bancorp undervalued compared to its fair value and its price relative to the market?

27.18x

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).


Next Steps

Future Growth

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

2.2%

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.


Next Steps

Past Performance

How has Empire Bancorp performed over the past 5 years?

9.1%

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


Next Steps

Financial Health

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


Balance Sheet

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%)


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

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.


Next Steps

Management

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

12.1yrs

Average management tenure


CEO

Doug Manditch (72yo)

12.1yrs

Tenure

US$717,626

Compensation

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.


Leadership Team

NamePositionTenureCompensationOwnership
Douglas Manditch
Chairman12.1yrsUS$717.63k2.36% $2.5m
Thomas Buonaiuto
Interim CFO12.1yrsUS$582.63k1.5% $1.6m
William Franz
Senior VP10.8yrsno datano data
Diane Murray
Assistant Secretary0yrsno datano data
Robert Kiraly
Assistant Secretary0yrsno datano data

12.1yrs

Average Tenure

64yo

Average Age

Experienced Management: EMPK's management team is seasoned and experienced (12.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Douglas Manditch
Chairman12.1yrsUS$717.63k2.36% $2.5m
Thomas Buonaiuto
Interim CFO12.1yrsUS$582.63k1.5% $1.6m
John Ciarelli
Independent Director12.1yrsUS$14.50k0.34% $364.4k
Salvatore Ferro
Independent Director12.1yrsUS$14.50k0.60% $639.0k
Alan Coren
Independent Director12.1yrsUS$14.00k0.54% $577.8k
Larry Davis
Independent Director12.1yrsUS$15.88k0.32% $340.0k
John Caffrey
Vice Chairman & Lead Independent Director4.8yrsUS$14.75k0.47% $499.0k
Francis Boulton
Independent Director12.1yrsUS$13.50k0.47% $494.9k
John Bracken
Independent Director0yrsUS$12.50k0.52% $557.4k
Joseph Tantillo
Independent Director12.1yrsUS$15.50k0.49% $516.7k

12.1yrs

Average Tenure

62yo

Average Age

Experienced Board: EMPK's board of directors are seasoned and experienced ( 12.1 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

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


Key Information

  • 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


Location

  • Empire Bancorp, Inc.
  • 1707 Veterans Highway
  • Islandia
  • New York
  • 11749
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EMPKOTCPK (Pink Sheets LLC)YesVoting Common StockUSUSDMar 2008

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 00:39
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
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.