Absecon Bancorp (Absecon Bancorp) Piotroski F-Score

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What is Absecon Bancorp Piotroski F-Score?

Absecon Bancorp does not have enough data to calculate Piotroski F-Score.

Absecon Bancorp Piotroski F-Score Historical Data

The historical data trend for Absecon Bancorp's Piotroski F-Score can be seen below:

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Absecon Bancorp Piotroski F-Score Chart

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Piotroski F-Score

Absecon Bancorp (OTCPK:ASCN) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.

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Absecon Bancorp (Absecon Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absecon Bancorp (OTCPK:ASCN) » Definitions » Piotroski F-Score

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Address

106 New Jersey Avenue, Absecon, NJ, USA, 08201-2409

Website

https://www.fnbabsecon.com

Absecon Bancorp is engaged in providing financial products and services to individual and corporate customers in southern New Jersey. The principal business of the Bank consists of attracting deposits and applying those funds to the purchase of investments and the origination of loans. The Bank's income is derived principally from interest and dividends on investments and interest and fees earned in connection with its lending activities.

Absecon Bancorp (Absecon Bancorp) Headlines

From GuruFocus

Absecon Bancorp Announces Special Cash Dividend of $3.00 Per Share along with an Annual Cash Dividend of $2.00 Per Share

By Marketwired Marketwired • 12-01-2020