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Harbor Bankshares Corporation (HRBK)

USD23.00 +1.00 (+4.55%)
US OTC Financial Services Banks - Regional
Address 25 West Fayette Street 21201
Baltimore, MD, US
CEO John D. Lewis
IPO 2009-02-11
CIK 889608 ISIN US4114651072

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Description

Harbor Bankshares Corporation is a financial institution offering a comprehensive spectrum of banking and financial services in Maryland, primarily serving the Baltimore metropolitan area through its six branch locations. For individual clients, it provides essential retail banking products such as checking and savings accounts, investment vehicles, debit and credit cards, and specialized offerings like Individual Retirement Accounts (IRAs) and Certificates of Deposit (CDs). Its lending portfolio includes mortgages, personal loans, installment loans, and VIP loan options, alongside home equity and overdraft lines of credit. Convenience services encompass online and mobile banking, bill payment, e-statements, telebanking, and up-to-date interest rate information. Businesses also benefit from a robust suite of solutions, including commercial loans, remote deposit capture, positive pay systems, comprehensive cash management, and merchant services. Beyond traditional banking, the company extends its offerings to include brokerage and insurance products, providing a more holistic financial approach. Established in 1982, Harbor Bankshares Corporation is headquartered in Baltimore, Maryland.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD23.00 +1.00 (+4.55%)
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Volume Profile
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Liquidity & share structure
Average Volume
747
Beta
-2.09
Float Shares
268.9K
Free Float %
39.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +2.77% +0.73% +8.36% +18.44% +9.21% +36.07% -8.27% +730.00% +580.33% +3.75%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

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By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
23.00
DCF (Unlevered) 8.74 -62.0%
DCF (Levered) 5.26 -77.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
-0.84
Distress
Piotroski F-Score
7 / 9
Strong
Operational MOAT
  • Revenue growth
    +8.5% Q3'06: +82.1% (vs Q3'05)
  • EPS growth
    -105.7% Q3'06: -10.4% (vs Q3'05)
  • FCF margin
    Q3'06: +24.6% (vs Q3'05)
  • EBIT margin
    Q3'06: +25.0% (vs Q3'05)
  • ROIC
    Q3'06: +12.7% (vs Q3'05)
  • Share dilution
    +1.5% Q3'06: -3.0% (vs Q3'05)
  • Debt / EBITDA
    Q3'06: 1.91× (vs Q3'05)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-2.13) × ERP
WACC = 88% × Ke + 12% × Kd (97.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 8.74 Current price: 23.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.56M
OE per share TTM
3.55
Owner's Yield
9.68%
Maintenance CapEx ratio
66.69%
Maint CapEx / Avg PPE
45.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
3
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Brown Advisory Incorporated ("BAI") 39.1K 6.10% 39.1K HC Brown Advisory Incorporated is a Maryland Corporation. 2024-02-09
2 Brown Advisory LLC (BALLC) 39.1K 6.10% 39.1K IA Brown Advisory LLC is a Maryland Limited Liability Corporation. 2024-02-09
3 Brown Investment Advisory & Trust Company ("BIATC") 0.00% BK Brown Investment Advisory & Trust Company is a Maryland Trust Company. 2024-02-09

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
23.0K
Shares Outstanding
675.6K

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2005 Joseph Haskins, Jr. Chairman, President and Chief Executive Officer 213.4K 170.7K 6.2K 390.3K 0.00%
2 2005 Darius L. Davis Executive Vice President/Bank 101.9K 15.0K 116.9K 0.00%
3 2005 Teodoro J. Hernandez Vice President and Treasurer 99.5K 15.0K 114.5K 0.00%
4 2004 Joseph Haskins, Jr. Chairman, President and Chief Executive Officer 207.2K 165.7K 6.2K 379.1K 0.00%
5 2004 Teodoro J. Hernandez Vice President and Treasurer 91.8K 9.2K 101.0K 0.00%
6 2004 Darius L. Davis Executive Vice President/Bank 86.8K 8.7K 95.5K 0.00%
7 2003 Joseph Haskins, Jr. Chairman, President and Chief Executive Officer 203.1K 182.8K 6.2K 392.1K 0.00%
8 2003 Teodoro J. Hernandez Vice President and Treasurer 90.0K 17.0K 107.0K 0.00%
9 2002 Joseph Haskins, Jr. Chairman, President and Chief Executive Officer 197.2K 118.3K 6.2K 321.7K 0.00%
10 2002 Teodoro J. Hernandez Vice President and Treasurer 89.0K 8.8K 97.8K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2006-11-13 DEF 14A
2006-05-02 PRE 14A
2005-02-24 DEF 14A
2004-02-26 DEF 14A
2003-03-11 DEF 14A
2002-08-29 DEF 14A
2001-03-16 DEF 14A
2000-03-29 DEF 14A
2000-03-29 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2024-02-09 SC 13G
2021-07-15 D
2021-07-08 D
2007-02-05 SC 13E3/A
2007-02-05 15-12G
2007-01-19 8-K
2006-12-05 UPLOAD
2006-12-05 UPLOAD
2006-11-15 SC 13E3/A
2006-11-14 10QSB

Executive team

NameTitleCompensationGender
Jodi L. Beal Executive Vice President & Chief Financial Officer female
John D. Lewis President & Chief Executive Officer male
Yitzhak Zelmanovitch Secretary & Director male
ESG Rating
B
BANKS - REGIONAL
2006
E (Environmental)
63.7 / 64.3
Company / Sector avg.
S (Social)
76.0 / 76.5
Company / Sector avg.
G (Governance)
73.4 / 75.5
Company / Sector avg.
ESG Total
71.0 / 72.1
Company / Sector avg.
ESG Score History BANKS - REGIONAL
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings reports

Stock splits