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PTRS Partners Bancorp

Partners Bancorp is a bank holding company. The firm engages in the provision of financial services to individuals and corporate customers. It offers commercial banking operations in Maryland and Virginia. The company was founded on January 6, 1988 and is headquartered in Salisbury, MD.

Company profile

Ticker
PTRS
Exchange
CEO
Lloyd B. Harrison
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DELMAR BANCORP
SEC CIK
IRS number
521559535

PTRS stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

30 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
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

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 282.61M 282.61M 282.61M 282.61M 282.61M 282.61M
Cash burn (monthly) 2.23M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 7.94M n/a n/a n/a n/a n/a
Cash remaining 274.67M n/a n/a n/a n/a n/a
Runway (months of cash) 123.4 n/a 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
15 Mar 21 Clarke Michael W Common Stock Buy Aquire P No No 7.37 5,000 36.85K 104,439
10 Mar 21 Clarke Michael W Common Stock Buy Aquire P No No 7.375 43,500 320.81K 99,439
12 Feb 21 Clarke Michael W Common Stock Buy Aquire P No No 6.75 5,423 36.61K 55,939
11 Feb 21 Clarke Michael W Common Stock Buy Aquire P No No 6.75 18 121.5 47,524

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 40 0 NEW
Opened positions 40 0 NEW
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 15.84M 0 NEW
Total shares 2.41M 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Alliancebernstein 683.42K $4.49M NEW
BLK Blackrock 388.75K $2.55M NEW
Vanguard 327.2K $2.15M NEW
Brown Advisory 220.09K $1.45M NEW
NTRS Northern Trust 99.88K $657K NEW
STT State Street 92.7K $609K NEW
M3F 79.13K $520K NEW
Compton Wealth Advisory 77.31K $508K NEW
Geode Capital Management 64.42K $423K NEW
GS Goldman Sachs 50.99K $335K NEW
Largest transactions
Shares Bought/sold Change
Alliancebernstein 683.42K +683.42K NEW
BLK Blackrock 388.75K +388.75K NEW
Vanguard 327.2K +327.2K NEW
Brown Advisory 220.09K +220.09K NEW
NTRS Northern Trust 99.88K +99.88K NEW
STT State Street 92.7K +92.7K NEW
M3F 79.13K +79.13K NEW
Compton Wealth Advisory 77.31K +77.31K NEW
Geode Capital Management 64.42K +64.42K NEW
GS Goldman Sachs 50.99K +50.99K NEW

Financial report summary

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Risks
  • The COVID-19 pandemic could adversely affect our business, financial condition and results of operations, the extent of which is not now known or predictable.
  • Changes in interest rates could adversely impact the Company’s financial condition and results of operations.
  • The earnings of financial services companies are significantly affected by general business and economic conditions.
  • If the Company has higher loan losses than it has allowed for, the Company’s earnings could materially decrease.
  • The Company’s profitability will depend significantly on economic conditions in the States of Delaware, New Jersey, and Maryland and the Commonwealth of Virginia.
  • Because the Company emphasizes commercial real estate and commercial loan originations, its credit risk may increase and future downturns in the local real estate market or economy could adversely affect its earnings.
  • The severity and duration of a future economic downturn and the composition of the Company’s loan portfolio could impact the level of loan charge-offs and provision for loan losses and may adversely affect the Company’s net income or loss.
  • Changes in real estate values may adversely impact the Company’s loans that are secured by real estate.
  • The Company’s ability to pay dividends depends primarily on receiving dividends from the Affiliate Banks, which is subject to regulatory limits on such bank’s performance.
  • Competition from other traditional and nontraditional financial institutions and service providers may adversely affect the Company’s profitability.
  • New lines of business or new products and services may subject the Company to additional risks.
  • The Company is subject to an extensive body of accounting rules and best practices. Periodic changes to such rules may change the treatment and recognition of critical financial line items and affect the Company’s profitability.
  • The soundness of other financial institutions may adversely affect the Company.
  • Market volatility may have materially adverse effects on the Company’s liquidity and financial condition.
  • Any future acquisitions by the Company could dilute shareholder ownership and may cause it to become more susceptible to adverse economic events.
  • Maryland business corporation law and various anti-takeover provisions under the Company’s articles could impede the takeover of the Company.
  • If the Company concludes that the decline in value of any of its investment securities is an other-than-temporary impairment, the Company is required to write down the value of that security through a charge to earnings.
  • Liquidity risk could impair the Company’s ability to fund operations and meet its obligations as they become due and failure to maintain sufficient liquidity could materially adversely affect the Company’s growth, business, profitability and financial condition.
  • The Company is subject to environmental liability risk associated with lending activities.
  • Financial services companies depend on the accuracy and completeness of information about customers and counterparties.
  • Consumers may decide not to use banks to complete their financial transactions.
  • The banking industry is highly regulated, and the regulatory framework, together with any future legislative or regulatory changes, may have a materially adverse effect on the Company’s operations.
  • Regulatory initiatives regarding bank capital requirements may require heightened capital.
  • The Company may need or be compelled to raise additional capital in the future which could dilute shareholders or be unavailable when needed or at unfavorable terms.
  • The Company’s ownership is concentrated in one significant shareholder.
  • The Company’s operations of its business, including its transactions with customers, are increasingly done via electronic means, and this has increased its risks related to cybersecurity.
  • The Company’s financial performance may suffer if its information technology is unable to keep pace with growth or industry developments.
  • The increasing use of social media platforms presents new risks and challenges and the inability or failure to recognize, respond to, and effectively manage the accelerated impact of social media could materially adversely impact the Company’s business.
  • The Company’s stock price may be volatile, and you could lose part or all of your investment as a result.
  • The Company may not be able to attract and retain skilled people.
  • Litigation and regulatory actions, including possible enforcement actions, could subject the Company to significant fines, penalties, judgments or other requirements resulting in increased expenses or restrictions on its business activities.
  • The Company’s controls and procedures may fail or be circumvented and have a material adverse effect on its business, financial condition, and results of operations.
  • Severe weather, natural disasters, acts of war or terrorism, other external events, including the ongoing COVID-19 pandemic or the outbreak of another highly infectious or contagious disease, could significantly impact the Company’s business.
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. sophomore Bad