Reported Earnings • May 17
First quarter 2023 earnings released: EPS: US$0.30 (vs US$0.30 in 1Q 2022) First quarter 2023 results: EPS: US$0.30. Revenue: US$6.55m (down 1.7% from 1Q 2022). Net income: US$608.0k (up 1.2% from 1Q 2022). Profit margin: 9.3% (up from 9.0% in 1Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$31.96, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 9x in the Banks industry in the US. Total returns to shareholders of 214% over the past three years. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: US$1.12 (vs US$2.04 in FY 2021) Full year 2022 results: EPS: US$1.12 (down from US$2.04 in FY 2021). Revenue: US$25.2m (down 8.0% from FY 2021). Net income: US$2.23m (down 45% from FY 2021). Profit margin: 8.9% (down from 15% in FY 2021). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.42% (up from 2.57% in FY 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: US$0.35 (vs US$0.56 in 3Q 2021) Third quarter 2022 results: EPS: US$0.35 (down from US$0.56 in 3Q 2021). Revenue: US$6.43m (down 9.1% from 3Q 2021). Net income: US$705.0k (down 37% from 3Q 2021). Profit margin: 11% (down from 16% in 3Q 2021). The decrease in margin was driven by lower revenue. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Michael Hammer was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: US$0.35 (vs US$0.56 in 3Q 2021) Third quarter 2022 results: EPS: US$0.35 (down from US$0.56 in 3Q 2021). Revenue: US$6.43m (down 9.1% from 3Q 2021). Net income: US$705.0k (down 37% from 3Q 2021). Profit margin: 11% (down from 16% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 22% share price gain to US$25.55, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 11x in the Mortgage industry in the US. Total returns to shareholders of 73% over the past three years. Buying Opportunity • Sep 28
Now 20% undervalued Over the last 90 days, the stock is up 3.8%. The fair value is estimated to be US$25.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 39%. Buying Opportunity • Sep 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.7%. The fair value is estimated to be US$25.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 39%. Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: US$0.33 (vs US$0.65 in 2Q 2021) Second quarter 2022 results: EPS: US$0.33 (down from US$0.65 in 2Q 2021). Revenue: US$5.94m (down 17% from 2Q 2021). Net income: US$640.0k (down 50% from 2Q 2021). Profit margin: 11% (down from 18% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$0.30 (vs US$0.66 in 1Q 2021) First quarter 2022 results: EPS: US$0.30 (down from US$0.66 in 1Q 2021). Revenue: US$6.67m (down 7.7% from 1Q 2021). Net income: US$601.0k (down 54% from 1Q 2021). Profit margin: 9.0% (down from 18% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Michael Hammer was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 15
HV Bancorp, Inc., Annual General Meeting, May 18, 2022 HV Bancorp, Inc., Annual General Meeting, May 18, 2022, at 10:30 US Eastern Standard Time. Agenda: To consider the election of two directors;to consider the ratification of the appointment of S.R. Snodgrass, P.C., as independent registered public accounting firm for the year ending December 31, 2022; to consider to conduct a non-binding vote on executive compensation; to consider to conduct a non-binding vote on the frequency of votes on executive compensation; to consider to conduct a non-binding vote on the frequency of votes on executive compensation and to consider such other matters as may properly come before the Annual Meeting, or any adjournments thereof. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: US$2.04 (vs US$2.84 in FY 2020) Full year 2021 results: EPS: US$2.04 (down from US$2.84 in FY 2020). Revenue: US$27.4m (up 3.5% from FY 2020). Net income: US$4.05m (down 30% from FY 2020). Profit margin: 15% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.57% (no change from 2.57% in FY 2020). Non-performing loans: 1.14% (up from 0.71% in FY 2020). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 23
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.04 (down from US$2.84 in FY 2020). Revenue: US$27.4m (up 3.5% from FY 2020). Net income: US$4.05m (down 30% from FY 2020). Profit margin: 15% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director Michael Hammer was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2021 earnings released: EPS US$0.56 (vs US$1.02 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$7.08m (down 18% from 3Q 2020). Net income: US$1.12m (down 46% from 3Q 2020). Profit margin: 16% (down from 24% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS US$0.65 (vs US$0.73 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$7.13m (up 18% from 2Q 2020). Net income: US$1.28m (down 14% from 2Q 2020). Profit margin: 18% (down from 25% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 09
First quarter 2021 earnings released: EPS US$0.66 (vs US$0.073 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$7.22m (up 75% from 1Q 2020). Net income: US$1.30m (up US$1.15m from 1Q 2020). Profit margin: 18% (up from 3.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS US$2.84 (vs US$0.49 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$26.4m (up 88% from FY 2019). Net income: US$5.77m (up 471% from FY 2019). Profit margin: 22% (up from 7.2% in FY 2019). The increase in margin was driven by higher revenue. Non-performing loans: 0.71% (down from 1.45% in FY 2019). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 26
Independent Vice-Chairman recently bought US$174k worth of stock On the 24th of February, Robert Marino bought around 10k shares on-market at roughly US$18.00 per share. This was the largest purchase by an insider in the last 3 months. Robert has been a buyer over the last 12 months, purchasing a net total of US$371k worth in shares. Is New 90 Day High Low • Feb 23
New 90-day high: US$17.89 The company is up 22% from its price of US$14.66 on 24 November 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 6.0% over the same period. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS US$2.84 (vs US$0.53 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$26.4m (up 73% from FY 2019). Net income: US$5.77m (up 434% from FY 2019). Profit margin: 22% (up from 7.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 22
HV Bancorp, Inc. and Huntingdon Valley Bank Appoints Robert J. Marino to the Position of Vice-Chairman of the Board of Directors and Committee Chairs HV Bancorp, Inc. announced the appointment of Robert J. Marino to the position of Vice-Chairman of the Board of Directors of Huntingdon Valley Bank and HV Bancorp, Inc. Mr. Marino replaces Scott W. Froggatt, who had served in this position for the past several years. Mr. Froggatt will continue to serve as Director. Also approved by the board were the appointments of committee chairs. For 2021, John D. Behm will serve as Corporate Governance & Nominating Committee chair, Robert J. Marino will serve as Compensation Committee chair, and John D. Behm will continue to chair the Audit Committee. Is New 90 Day High Low • Jan 06
New 90-day high: US$17.46 The company is up 33% from its price of US$13.16 on 07 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: US$15.77 The company is up 17% from its price of US$13.47 on 11 September 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 19% share price gain to US$15.54, the stock is trading at a trailing P/E ratio of 14.1x, up from the previous P/E ratio of 11.8x. This compares to an average P/E of 12x in the Mortgage industry in the US. Total returns to shareholders over the past three years are 7.5%. Is New 90 Day High Low • Nov 10
New 90-day high: US$14.60 The company is up 18% from its price of US$12.42 on 12 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is down 2.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS US$1.02 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$8.59m (up 113% from 3Q 2019). Net income: US$2.06m (up US$1.73m from 3Q 2019). Profit margin: 24% (up from 8.3% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 22
New 90-day high: US$13.48 The company is up 5.0% from its price of US$12.80 on 24 July 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is up 11% over the same period. Duyuru • Jul 05
HV Bancorp, Inc.(NasdaqCM:HVBC) dropped from Russell Microcap Index HV Bancorp, Inc.(NasdaqCM:HVBC) dropped from Russell Microcap Index Duyuru • Jul 02
HV Bancorp, Inc.(NasdaqCM:HVBC) dropped from Russell Microcap Value Index HV Bancorp, Inc.(NasdaqCM:HVBC) dropped from Russell Microcap Value Index 