NYSE:BZM

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BlackRock Maryland Municipal Bond Trust

Executive Summary

BlackRock Maryland Municipal Bond Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. More Details


Snowflake Analysis

Share Price & News

How has BlackRock Maryland Municipal Bond Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BZM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BZM's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-0.2%

BZM

1.0%

US Capital Markets

-0.7%

US Market


1 Year Return

-9.6%

BZM

38.8%

US Capital Markets

36.6%

US Market

Return vs Industry: BZM underperformed the US Capital Markets industry which returned 36.1% over the past year.

Return vs Market: BZM underperformed the US Market which returned 41.9% over the past year.


Shareholder returns

BZMIndustryMarket
7 Day-0.2%1.0%-0.7%
30 Day-6.0%10.8%4.3%
90 Day-6.4%17.0%8.1%
1 Year-6.2%-9.6%42.2%38.8%39.6%36.6%
3 Year25.4%11.5%40.1%29.7%53.5%43.7%
5 Year16.2%-4.6%152.2%121.0%123.7%98.8%

Long-Term Price Volatility Vs. Market

How volatile is BlackRock Maryland Municipal Bond Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BlackRock Maryland Municipal Bond Trust undervalued compared to its fair value and its price relative to the market?

0.98x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BZM ($14.79) is trading above our estimate of fair value ($1.52)

Significantly Below Fair Value: BZM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BZM is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: BZM is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BZM is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (14.4x).

Future Growth

How is BlackRock Maryland Municipal Bond Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.7%

Forecasted Diversified Financials 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 BlackRock Maryland Municipal Bond Trust 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.

Past Performance

How has BlackRock Maryland Municipal Bond Trust performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BZM is currently unprofitable.

Growing Profit Margin: BZM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BZM is unprofitable, but has reduced losses over the past 5 years at a rate of 6.1% per year.

Accelerating Growth: Unable to compare BZM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BZM is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.5%).


Return on Equity

High ROE: BZM has a negative Return on Equity (-0.045%), as it is currently unprofitable.

Financial Health

How is BlackRock Maryland Municipal Bond Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BZM's short term assets ($538.7K) do not cover its short term liabilities ($3.3M).

Long Term Liabilities: BZM's short term assets ($538.7K) do not cover its long term liabilities ($15.9M).


Debt to Equity History and Analysis

Debt Level: BZM's debt to equity ratio (60.2%) is considered high.

Reducing Debt: BZM's debt to equity ratio has increased from 56.3% to 60.2% over the past 5 years.

Debt Coverage: BZM's debt is not well covered by operating cash flow (4.7%).

Interest Coverage: BZM is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Dividend

What is BlackRock Maryland Municipal Bond Trust current dividend yield, its reliability and sustainability?

3.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BZM's dividend (3.46%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: BZM's dividend (3.46%) is low compared to the top 25% of dividend payers in the US market (3.72%).


Stability and Growth of Payments

Stable Dividend: BZM's dividends per share have been stable in the past 10 years.

Growing Dividend: BZM's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: BZM is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

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

14.2yrs

Average board tenure


CEO

BlackRock Maryland Municipal Bond Trust has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Paul Audet
Interested Board Trustee10.17yrsno datano data
Richard Cavanagh
Chairman14.17yrsUS$379.000.0054%
$ 1.7k
Frank Fabozzi
Interested Board Trustee14.17yrsUS$307.00no data
Kathleen Feldstein
Non-Interested Board Trustee14.17yrsUS$240.00no data
W. Kester
Non-Interested Board Trustee14.17yrsUS$288.00no data
Jerrold Harris
Non-Interested Board Trustee14.17yrsUS$259.00no data
Karen Robards
Vice Chairman14.17yrsUS$360.00no data
James Flynn
Non-Interested Board Trustee14.17yrsUS$264.00no data
Michael Castellano
Interested Board Trustee9.92yrsUS$264.00no data
Robert Hubbard
Non-Interested Board Trustee14.17yrsUS$249.00no data

14.2yrs

Average Tenure

73yo

Average Age

Experienced Board: BZM's board of directors are seasoned and experienced ( 14.2 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

BlackRock Maryland Municipal Bond Trust's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock Maryland Municipal Bond Trust
  • 100 Bellevue Parkway
  • Wilmington
  • Delaware
  • 19809
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BZMNYSE (New York Stock Exchange)YesCommon SharesUSUSDApr 2002

Biography

BlackRock Maryland Municipal Bond Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of United S...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/02 23:21
End of Day Share Price2021/03/02 00:00
Earnings2020/08/31
Annual Earnings2020/08/31


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.