HFBK Stock Overview

Offers commercial and retail banking products and services for individuals, businesses, and governmental units in Harford County, Maryland, Cecil County, and neighboring counties. More details

HFBK fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	3/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 37.2% below our estimate of its fair value

Earnings grew by 29.2% over the past year

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

Does not have a meaningful market cap ($50M)

My Notes

Capture your thoughts, links and company narrative

Harford Bank Competitors

First Bankers Trustshares

OTCPK:FBTT

US$49.4m

OptimumBank Holdings

NasdaqCM:OPHC

US$49.0m

FCN Banc

OTCPK:FBVI

US$48.8m

Denali Bancorporation

OTCPK:DENI

US$48.5m

Price History & Performance

Summary of share price highs, lows and changes for Harford Bank
Historical stock prices
Current Share Price	US$33.75
52 Week High	US$35.00
52 Week Low	US$31.35
Beta	0.027
1 Month Change	-2.63%
3 Month Change	-0.74%
1 Year Change	3.05%
3 Year Change	16.38%
5 Year Change	16.38%
Change since IPO	209.00%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	HFBK	US Banks	US Market
7D	0%	-5.5%	-3.5%
1Y	3.1%	27.2%	22.1%

Return vs Industry: HFBK underperformed the US Banks industry which returned 28.2% over the past year.

Return vs Market: HFBK underperformed the US Market which returned 24% over the past year.

Price Volatility

Is HFBK's price volatile compared to industry and market?
HFBK volatility
HFBK Average Weekly Movement	n/a
Banks Industry Average Movement	5.3%
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: HFBK's share price has been volatile over the past 3 months compared to the US market.

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

About the Company

Founded	Employees	CEO	Website
1964	87	n/a	www.harfordbank.com

Harford Bank offers commercial and retail banking products and services for individuals, businesses, and governmental units in Harford County, Maryland, Cecil County, and neighboring counties. It provides various deposit services, including checking, savings, money market, certificates of deposit, and individual retirement accounts. The company also offers various commercial loans, which include secured and unsecured loans for working capital, business expansion loans, and equipment and machinery purchase loans, as well as commercial mortgages secured by real estate, real estate construction loans, and real estate acquisition loans.

Harford Bank Fundamentals Summary

How do Harford Bank's earnings and revenue compare to its market cap?
HFBK fundamental statistics
Market cap	US$50.36m
Earnings (TTM)	US$6.04m
Revenue (TTM)	US$23.38m

8.3x

P/E Ratio

0.9x

P/B Ratio

Is HFBK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HFBK income statement (TTM)
Revenue	US$23.38m
Cost of Revenue	US$0
Gross Profit	US$23.38m
Other Expenses	US$17.34m
Earnings	US$6.04m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	4.05
Gross Margin	100.00%
Net Profit Margin	25.82%
Debt/Equity Ratio	75.3%

How did HFBK perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

21%

Payout Ratio

Does HFBK pay a reliable dividends?

See HFBK dividend history and benchmarks

When do you need to buy HFBK by to receive an upcoming dividend?
Harford Bank dividend dates
Ex Dividend Date	Dec 06 2024
Dividend Pay Date	Dec 27 2024
Days until Ex dividend	14 days
Days until Dividend pay date	7 days

Does HFBK pay a reliable dividends?

See HFBK dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 04:24
End of Day Share Price	2024/12/17 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

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

Harford Bank 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