OTCPK:HRBK

Stock Analysis Report

Executive Summary

Harbor Bankshares Corporation operates as the holding company for The Harbor Bank of Maryland that provides various banking services.

Snowflake

Fundamentals

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

How has Harbor Bankshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

HRBK

2.7%

US Banks

0.4%

US Market


1 Year Return

-35.0%

HRBK

2.7%

US Banks

6.9%

US Market

Return vs Industry: HRBK underperformed the US Banks industry which returned 2.7% over the past year.

Return vs Market: HRBK underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

HRBKIndustryMarket
7 Day0%2.7%0.4%
30 Day0%0.2%-1.2%
90 Day-10.3%2.9%-0.4%
1 Year-35.0%-35.0%5.7%2.7%9.3%6.9%
3 Year-67.5%-67.5%52.1%41.6%45.8%36.4%
5 Yearn/a69.2%50.7%62.9%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Harbor Bankshares undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Harbor Bankshares is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Harbor Bankshares has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of HRBK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Harbor Bankshares regulatory filings here.
  • Explore potentially undervalued companies in the Banks industry.

Future Growth

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

0.9%

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 Harbor Bankshares 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

  • Take a look at our analysis of HRBK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • 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 Harbor Bankshares's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Harbor Bankshares performed over the past 5 years?

15.5%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Harbor Bankshares has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Harbor Bankshares's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Harbor Bankshares's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Harbor Bankshares has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of HRBK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. 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.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Harbor Bankshares's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

What is Harbor Bankshares's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Next Steps

Management

What is the CEO of Harbor Bankshares's salary, the management and board of directors tenure and is there insider trading?

27.8yrs

Average board tenure


CEO

Joseph Haskins (71yo)

27.8yrs

Tenure

US$411,612

Compensation

Mr. Joseph L. Haskins, Jr., has been the Chairman, Chief Executive Officer, President & Director of Harbor Bankshares Corporation since 1992. Mr. Haskins has been the Chairman & Chief Executive Officer of  ...


Board Age and Tenure

27.8yrs

Average Tenure

71yo

Average Age

Experienced Board: HRBK's board of directors are seasoned and experienced ( 27.8 years average tenure).


Insider Trading

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


Management Team

  • George Vaeth (85yo)

    Corporate Secretary & Director

    • Tenure: 27.8yrs
  • Joseph Haskins (71yo)

    Chairman

    • Tenure: 27.8yrs
    • Compensation: US$411.61k

Board Members

  • Stanley Tucker (71yo)

    Director

    • Tenure: 23.8yrs
  • James DeGraffenreidt (65yo)

    Director

    • Tenure: 23.8yrs
  • Delores Kelley (82yo)

    Director

    • Tenure: 27.8yrs
  • Erich March (67yo)

    Director

    • Tenure: 27.8yrs
  • George Vaeth (85yo)

    Corporate Secretary & Director

    • Tenure: 27.8yrs
  • James Scott (61yo)

    Director

    • Tenure: 18.9yrs
  • Joseph Haskins (71yo)

    Chairman

    • Tenure: 27.8yrs
    • Compensation: US$411.61k
  • Kenneth Wilson

    Member of Advisory Board

    • Tenure: 0yrs
  • Hassan Murphy

    Member of Advisory Board

    • Tenure: 0yrs
  • Derek Lindsey

    Member of Advisory Board

    • Tenure: 0yrs

Company Information

Harbor Bankshares Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Harbor Bankshares Corporation
  • Ticker: HRBK
  • Exchange: OTCPK
  • Founded: 1982
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$662.755k
  • Shares outstanding: 1.02m
  • Website: https://www.theharborbank.com

Location

  • Harbor Bankshares Corporation
  • 25 West Fayette Street
  • Baltimore
  • Maryland
  • 21201
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HRBKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2004

Biography

Harbor Bankshares Corporation operates as the holding company for The Harbor Bank of Maryland that provides various banking services. It offers checking accounts, savings accounts, and investment accounts; ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:56
End of Day Share Price2019/09/30 00:00
Earnings2006/09/30
Annual Earnings2005/12/31


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.