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Profile - Andover Bancorp, Inc. (NasdaqNM:ANDB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 21Price hit new 52-week high ($54.91)
Aug 15Dividend payment of $0.27
Location
61 Main Street
Andover, MA 01810
Phone: (978) 749-2000
Fax: (978) 474-9325
Email: general@andoverbank.com
Employees (last reported count): 306
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: S&Ls/Savings Banks
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 25%
·Over the last 6 months:
 · one insider sell; 1,000  shares
·Institutional: 54% (71% of float)
(106 institutions)
·Net Inst. Buying: 237.0K shares (+6.11%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Andover Bancorp, Inc. is a multi-bank holding company parent that conducts its business through Andover Bank and Gloucester Bank & Trust Co. (collectively, the Banks). The Banks are engaged principally in the business of attracting deposits from the general public and investing in residential and commercial real estate loans, in construction, consumer, commercial loans and lease financing and in various securities. Andover Bank has four wholly owned subsidiaries (AB Insurance Services LLC, Andover Preferred Capital Corp. and two security corporations) and one majority-owned subsidiary, Andover Capital Group Inc. Gloucester has one wholly owned subsidiary, GBT Securities Corp.
More from Market Guide: Expanded Business Description

Financial Summary
Andover Bancorp, Inc., is a holding Company for Andover Bank and Andover Bank NH. For the six months ended 6/30/01, interest income rose 17% to $64.5 million. Net interest income after loan loss provision rose 23% to $30.4 million. Net income rose 9% to $10.2 million. Net interest income reflects growth in interest earning assets as well as an improved net interest margin. Net income was partially offset by increased salaries and amortization of goodwill charges.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Gerald Mulligan, 55
Director, Pres and CEO
$513K$31K
Joseph Casey, 40
CFO and Treasurer
206K--  
Octavio Bolivar, 57
Sr. VP of Systems and Operations
--  --  
Michael Ecker, 49
Sr. VP - Construction Lending
219K38K
John Heerwagen, 55
Sr. VP
231K--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:ANDBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 19-Oct-2000
$27.75 
Recent Price$49.43 
52-Week High
on 21-Aug-2001
$54.91 
Beta0.58 
Daily Volume (3-month avg)71.0K
Daily Volume (10-day avg)50.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+70.4%
52-Week Change
relative to S&P500
+128.7%
Share-Related Items
Market Capitalization$335.2M
Shares Outstanding6.78M
Float5.10M
Dividends & Splits
Annual Dividend (indicated)$1.08 
Dividend Yield2.19%
Last Split: 5 for 4 on 19-May-1998
Per-Share Data
Book Value (mrq)$24.35 
Earnings (ttm)$3.06 
Earnings (mrq)$0.73 
Sales (ttm)$18.88 
Cash (mrq)$7.89 
Valuation Ratios
Price/Book (mrq)2.03 
Price/Earnings (ttm)16.18 
Price/Sales (ttm)2.62 
Income Statements
Sales (ttm)$129.9M
EBITDAN/A 
Income available to common (ttm)$21.0M
Profitability
Profit Margin (ttm)16.2%
Operating Margin (ttm)44.6%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.19%
Return on Equity (ttm)13.92%
Financial Strength
Current RatioN/A 
Debt/EquityN/A 
Total Cash (mrq)$53.0M
Short Interest
As of 8-Aug-2001
Shares Short34.0K
Percent of Float0.7%
Shares Short
(Prior Month)
38.0K
Short Ratio0.53 
Daily Volume64.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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