Andover Bancorp, Inc. (ANDC)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Andover Bancorp, Inc. (ANDC) trades at $19.33 with AI Score 49/100 (Weak). Andover Bancorp, Inc. , established in 1884 and headquartered in Andover, Ohio, operates as the bank holding company for Andover Bank. Market cap: 40M, Sector: Financial services.
Last analyzed: Mar 15, 2026Andover Bancorp, Inc. (ANDC) Financial Services Profile
Andover Bancorp, Inc., the holding company for Andover Bank, provides community-focused commercial and retail banking services in Ohio. With a history dating back to 1884, the bank offers traditional banking products, digital services, and personalized financial solutions, distinguishing itself through local relationships and a commitment to community development.
Investment Thesis
Andover Bancorp, Inc. presents a compelling investment case centered on its established presence in the regional banking sector and its focus on community-oriented banking services. With a return on equity (ROE) of 16.6% and a profit margin of 17.3%, the bank demonstrates solid profitability. Key value drivers include its diverse loan portfolio, encompassing both commercial and retail segments, and its commitment to providing personalized financial solutions. Growth catalysts include expanding its digital banking capabilities to attract and retain customers, increasing commercial lending activities, and capitalizing on opportunities for strategic partnerships and acquisitions within its geographic footprint. However, potential risks include the competitive landscape of the banking industry, regulatory compliance costs, and the impact of economic conditions on loan performance. Investors may want to evaluate these factors when evaluating Andover Bancorp, Inc.'s long-term growth potential.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $0.04 billion indicates a small-cap regional bank.
- Profit margin of 17.3% demonstrates efficient operations and profitability.
- Return on equity (ROE) of 16.6% signifies strong shareholder value creation.
- Beta of -0.05 suggests low volatility compared to the overall market.
- The company does not currently offer a dividend, potentially limiting appeal to income-focused investors.
Competitors & Peers
Strengths
- Strong local presence and community relationships.
- Established reputation and brand recognition.
- High return on equity (ROE) of 16.6%.
- Efficient operations with a profit margin of 17.3%.
Weaknesses
- Small market capitalization of $0.04 billion.
- Limited geographic footprint.
- Dependence on local economic conditions.
- Lack of dividend may limit appeal to income investors.
Catalysts
- Ongoing: Expansion of digital banking services to attract and retain customers.
- Ongoing: Increased commercial lending activities targeting small and medium-sized businesses.
- Upcoming: Potential strategic partnerships or acquisitions to expand geographic footprint.
- Ongoing: Focus on customer relationship management to increase customer loyalty.
- Ongoing: Investment in enhanced cybersecurity measures to protect customer data.
Risks
- Potential: Intense competition from larger banks and credit unions.
- Ongoing: Evolving regulatory requirements increasing compliance costs.
- Potential: Economic downturns impacting loan performance and asset quality.
- Ongoing: Cybersecurity threats and data breaches compromising customer information.
- Potential: Limited liquidity due to OTC Other tier listing.
Growth Opportunities
- Expansion of Digital Banking Services: Andover Bancorp, Inc. can capitalize on the growing demand for digital banking solutions by enhancing its mobile and online banking platforms. This includes offering a wider range of digital services, such as mobile check deposit, online account opening, and personalized financial management tools. The market for digital banking is expected to reach $9 trillion by 2028, presenting a significant opportunity for Andover Bancorp, Inc. to attract and retain customers.
- Increased Commercial Lending Activities: Andover Bancorp, Inc. can focus on expanding its commercial lending activities by targeting small and medium-sized businesses (SMBs) in its local market. This includes offering a variety of loan products, such as term loans, commercial real estate financing, and working capital lines of credit. The SMB lending market is estimated to be worth $800 billion annually, providing ample opportunities for Andover Bancorp, Inc. to grow its loan portfolio.
- Strategic Partnerships and Acquisitions: Andover Bancorp, Inc. can explore strategic partnerships and acquisitions to expand its geographic footprint and enhance its product offerings. This includes partnering with fintech companies to offer innovative financial solutions or acquiring smaller community banks to increase its market share. The M&A activity in the regional banking sector is expected to remain strong, presenting opportunities for Andover Bancorp, Inc. to grow through inorganic means.
- Focus on Customer Relationship Management: Andover Bancorp, Inc. can leverage its community-oriented approach to build stronger relationships with its customers. This includes providing personalized financial advice, offering tailored products and services, and engaging with customers through local events and community initiatives. Strong customer relationships can lead to increased customer loyalty, higher retention rates, and greater cross-selling opportunities.
- Enhanced Cybersecurity Measures: With the increasing threat of cyberattacks, Andover Bancorp, Inc. can invest in enhanced cybersecurity measures to protect its customers' data and maintain their trust. This includes implementing advanced security technologies, conducting regular security audits, and training employees on cybersecurity best practices. The market for cybersecurity solutions in the financial services industry is expected to reach $70 billion by 2027, highlighting the importance of investing in this area.
Opportunities
- Expansion of digital banking services.
- Increased commercial lending activities.
- Strategic partnerships and acquisitions.
- Focus on customer relationship management.
Threats
- Intense competition from larger banks and credit unions.
- Evolving regulatory requirements.
- Economic downturns impacting loan performance.
- Cybersecurity threats and data breaches.
Competitive Advantages
- Strong local presence and community relationships.
- Established reputation and brand recognition.
- Personalized service and tailored financial solutions.
- Experienced management team with deep industry knowledge.
About ANDC
Andover Bancorp, Inc., founded in 1884, serves as the bank holding company for Andover Bank, a community-oriented financial institution based in Andover, Ohio. Andover Bank provides a comprehensive suite of commercial and retail banking products and services tailored to meet the needs of individuals, families, and businesses in its local market. The bank's offerings include a variety of deposit accounts, such as savings and checking accounts, individual retirement accounts (IRAs), and certificates of deposit (CDs). Loan products encompass mortgage, construction, home equity, vehicle, student, and personal loans. For businesses, Andover Bank provides term loans, commercial real estate financing, working capital lines of credit, equipment financing, investment property loans, land development loans, and financing for acquisitions and partnership buyouts. In addition to traditional banking services, Andover Bank offers modern conveniences such as debit and credit cards, overdraft protection, remote deposit capture, automatic account transfers and payments, cash management, lock box and safe deposit boxes, lock bags and night deposit, and ACH and wire services. The bank also provides mobile and online banking services, allowing customers to manage their accounts and conduct transactions remotely. Furthermore, Andover Bank offers investment and insurance products to help customers achieve their financial goals. Headquartered in Andover, Ohio, Andover Bancorp, Inc. operates with a focus on building long-term relationships with its customers and supporting the economic vitality of the communities it serves.
What They Do
- Provides savings and checking accounts to individuals and businesses.
- Offers individual retirement accounts (IRAs) and certificates of deposit (CDs).
- Originates mortgage, construction, home equity, vehicle, student, and personal loans.
- Provides term loans, commercial real estate financing, and working capital lines of credit to businesses.
- Offers equipment financing, investment property loans, and land development loans.
- Provides municipal and non-profit financing services.
- Offers debit and credit cards to customers.
- Provides mobile and online banking services.
Business Model
- Generates revenue through interest income on loans.
- Earns fee income from services such as overdraft protection, cash management, and wire transfers.
- Offers investment and insurance products to generate additional revenue.
- Manages risk through careful underwriting and diversification of its loan portfolio.
Industry Context
Andover Bancorp, Inc. operates within the regional banking sector, which is characterized by intense competition, evolving regulatory requirements, and increasing adoption of digital technologies. The industry is influenced by macroeconomic factors such as interest rates, economic growth, and unemployment rates. Regional banks like Andover Bancorp, Inc. face competition from larger national banks, credit unions, and fintech companies. To succeed, these banks must differentiate themselves through personalized service, local market expertise, and innovative digital solutions. The regional banking sector is expected to grow modestly, driven by increased lending activity and fee income.
Key Customers
- Individuals and families in the local community.
- Small and medium-sized businesses (SMBs).
- Municipalities and non-profit organizations.
Financials
Chart & Info
Andover Bancorp, Inc. (ANDC) stock price: $19.33 (+0.00, +0.00%)
Latest News
No recent news available for ANDC.
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ANDC.
Price Targets
Wall Street price target analysis for ANDC.
MoonshotScore
What does this score mean?
The MoonshotScore rates ANDC's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Competitors & Peers
ANDC OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Andover Bancorp, Inc. may not meet the minimum financial standards or disclosure requirements for higher tiers like OTCQX or OTCQB. Companies in this tier often have limited trading volume and may be subject to less regulatory oversight compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries higher risks due to the potential for limited information and liquidity.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases information asymmetry.
- Low trading volume and liquidity can lead to price volatility.
- Potential for fraud or manipulation is higher on the OTC Other tier.
- OTC Other listed companies may have difficulty raising capital.
- Regulatory oversight is less stringent compared to major exchanges.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's capital structure and debt levels.
- Check for any legal or regulatory issues.
- Monitor trading volume and price volatility.
- Understand the risks associated with investing in OTC Other stocks.
- Longevity of operations since 1884.
- Operation as a bank holding company for Andover Bank.
- Provision of standard banking products and services.
- Headquarters located in Andover, Ohio.
ANDC Financial Services Stock FAQ
What does Andover Bancorp, Inc. do?
Andover Bancorp, Inc. functions as the holding company for Andover Bank, a community bank providing a range of financial services to individuals and businesses. These services include deposit accounts like checking and savings, loan products such as mortgages and commercial loans, and digital banking options. Andover Bank focuses on serving the financial needs of its local community through personalized service and relationship-based banking.
What do analysts say about ANDC stock?
Given the limited coverage of OTC-listed stocks like ANDC, comprehensive analyst ratings and price targets may be unavailable. Investors should focus on fundamental analysis, assessing the bank's financial performance, asset quality, and growth prospects. Key metrics to consider include return on equity (ROE), net interest margin, and loan growth. Due to the limited information, investors should proceed with caution and conduct thorough due diligence.
What are the main risks for ANDC?
Andover Bancorp, Inc. faces several risks common to community banks, including credit risk associated with loan defaults, interest rate risk from fluctuations in interest rates, and regulatory compliance risk. As an OTC-listed stock, ANDC also faces liquidity risk due to limited trading volume and potential price volatility. Furthermore, competition from larger banks and credit unions poses a threat to ANDC's market share and profitability. Investors should carefully consider these risks before investing in ANDC.
What are the key factors to evaluate for ANDC?
Andover Bancorp, Inc. (ANDC) currently holds an AI score of 49/100, indicating low score. The stock trades at a P/E of 12.7x, below the S&P 500 average (~20-25x), potentially signaling value. Key strength: Strong local presence and community relationships.. Primary risk to monitor: Potential: Intense competition from larger banks and credit unions.. This is not financial advice.
How frequently does ANDC data refresh on this page?
ANDC prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven ANDC's recent stock price performance?
Recent price movement in Andover Bancorp, Inc. (ANDC) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Strong local presence and community relationships.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider ANDC overvalued or undervalued right now?
Determining whether Andover Bancorp, Inc. (ANDC) is overvalued or undervalued requires examining multiple metrics. Its P/E ratio is 12.7. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying ANDC?
Before investing in Andover Bancorp, Inc. (ANDC), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC data may be less reliable than exchange-listed data.
- Analyst coverage may be limited due to the company's size and OTC listing.