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Partners Bancorp (PTRS)

Partners Bancorp (also formally known as Delmar Bancorp) is a bank holding company whose primary asset includes The Bank of Delmarva. Founded in 1896, The Bank of Delmarva remains an independent, full service community bank. Partners Bancorp seeks to reward stockholders who have capital at risk. The Bank of Delmarva's main office is in Seaford, Delaware and it conducts full service commercial banking through eleven branch locations in Maryland and Delaware, and three branches, operating under the name Liberty Bell Bank, in the South Jersey/Philadelphia metro market. The Bank of Delmarva focuses on serving its local communities, knowing its customers, and providing superior customer service. Virginia Partners Bank, headquartered in Fredericksburg, Virginia, was founded in 2008 and has three branches in Fredericksburg, Virginia. In Maryland, Virginia Partners Bank trades under the name Maryland Partners Bank (a division of Virginia Partners Bank), and operates a full service branch and commercial banking office in La Plata, Maryland and a Loan Production Office in Annapolis, Maryland. Virginia Partners Bank also owns a controlling stake in Johnson Mortgage Company, LLC, which is a residential mortgage company headquartered in Newport News, Virginia, with branch offices in Fredericksburg and Williamsburg, Virginia.

Company profile

Ticker
PTRS
Exchange
CEO
Lloyd B. Harrison
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DELMAR BANCORP
SEC CIK
Subsidiaries
Delmarva Real Estate Holdings, LLC • Davie Circle, LLC • Delmarva BK Holdings, LLC • DHB Development, LLC • FBW, LLC • Bear Holdings, Inc. • 410 William Street, LLC • Johnson Mortgage Company, LLC ...
IRS number
521559535

PTRS stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 316.42M 316.42M 316.42M 316.42M 316.42M 316.42M
Cash burn (monthly) 9.83M 974.67K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 14.31M 1.42M n/a n/a n/a n/a
Cash remaining 302.11M 315M n/a n/a n/a n/a
Runway (months of cash) 30.7 323.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Jan 22 Mona D. Albertine Common Stock Option exercise Acquire M No No 5.83 1,546 9.01K 56,778
19 Jan 22 Mona D. Albertine Common Stock Option exercise Acquire M No No 5.83 1,546 9.01K 55,232
19 Jan 22 Mona D. Albertine Common Stock Option exercise Acquire M No No 5.83 1,546 9.01K 53,686
19 Jan 22 Mona D. Albertine Stock Option Common Stock Option exercise Dispose M No No 5.83 1,546 9.01K 0
19 Jan 22 Mona D. Albertine Stock Option Common Stock Option exercise Dispose M No No 5.83 1,546 9.01K 0
19 Jan 22 Mona D. Albertine Stock Option Common Stock Option exercise Dispose M No No 5.83 1,546 9.01K 0
14 Jan 22 George P. Snead Common Stock Option exercise Acquire M No No 5.83 1,546 9.01K 24,161
14 Jan 22 George P. Snead Common Stock Option exercise Acquire M No No 5.83 1,546 9.01K 22,615
14 Jan 22 George P. Snead Common Stock Option exercise Acquire M No No 5.83 1,546 9.01K 21,069
14 Jan 22 George P. Snead Stock Option Common Stock Option exercise Dispose M No No 5.83 1,546 9.01K 0
14.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 33 33
Opened positions 4 10 -60.0%
Closed positions 4 5 -20.0%
Increased positions 9 8 +12.5%
Reduced positions 10 6 +66.7%
13F shares Current Prev Q Change
Total value 23.81M 21M +13.4%
Total shares 2.58M 2.14M +20.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Vanguard 412.14K $3.8M +2.8%
Boothbay Fund Management 409.49K $3.77M +183.0%
Tudor Investment Corp Et Al 409K $3.77M 0.0%
CSS 233.03K $2.15M +58.3%
Natixis 232.64K $2.14M 0.0%
Brown Advisory 192.6K $1.77M 0.0%
Highland Capital Management Fund Advisors 158.27K $1.46M +112.2%
Yakira Capital Management 137.6K $1.27M +34.2%
LPLA LPL Financial 52.68K $485K -3.6%
Sontag Advisory 44.83K $413K 0.0%
Largest transactions Shares Bought/sold Change
Boothbay Fund Management 409.49K +264.79K +183.0%
CSS 233.03K +85.79K +58.3%
Highland Capital Management Fund Advisors 158.27K +83.68K +112.2%
Yakira Capital Management 137.6K +35.1K +34.2%
Salzhauer Michael 0 -27.57K EXIT
Ergoteles 16.95K -25.14K -59.7%
BK Bank Of New York Mellon 39.61K +13.19K +49.9%
Vanguard 412.14K +11.16K +2.8%
PenderFund Capital Management 6.15K +6.15K NEW
Chicago Capital Management 153 -5.95K -97.5%

Financial report summary

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Management Discussion
  • Interest Sensitivity. The Company monitors and manages the pricing and maturity of its assets and liabilities in order to diminish the potential adverse impact that changes in interest rates could have on its net interest income. The Company also performs asset/liability modeling to assess the impact varying interest rates and balance sheet mix assumptions will have on net interest income. Interest rate sensitivity can be managed by repricing assets or liabilities, selling investment securities available-for-sale, replacing an asset or liability at maturity, or adjusting the interest rate during the life of an asset or liability. Managing the amount of assets and liabilities repricing in the same time interval helps to hedge the risk and minimize the impact on net interest income of rising or falling interest rates. The Company evaluates interest sensitivity risk and then formulates guidelines regarding asset generation and repricing, funding sources and pricing, and off-balance sheet commitments in order to decrease interest rate sensitivity risk.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Bad
New words: audited, behavior, client, loosening, macroeconomic, recession, speed, tightening, timeline, vaccine
Removed: assisting, began, dramatically, emerge, lender, manner, Partner, treat, visiting