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Last $25.23 USD
Change Today +1.25 / 5.21%
Volume 643.0
ASBB On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

asb bancorp inc (ASBB) Snapshot

Open
$25.44
Previous Close
$23.98
Day High
$25.44
Day Low
$25.23
52 Week High
08/12/15 - $25.50
52 Week Low
09/5/14 - $18.76
Market Cap
110.6M
Average Volume 10 Days
1.0K
EPS TTM
$0.66
Shares Outstanding
4.4M
EX-Date
--
P/E TM
38.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for ASB BANCORP INC (ASBB)

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asb bancorp inc (ASBB) Details

ASB Bancorp, Inc. operates as a bank holding company for Asheville Savings Bank, S.S.B. that provides mortgage, consumer, and commercial banking services in North Carolina. It accepts various deposit products comprising noninterest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, including negotiable order of withdrawal and money market accounts; regular savings accounts; and certificates of deposit. The company’s loan portfolio comprises real estate mortgage loans, such as one-to-four family residential mortgage loans and commercial mortgage loans; and revolving mortgage loans, including home equity loans and lines of credit. It also provides consumer loans, construction and land development loans, and commercial and industrial loans. In addition, the company offers non deposit investment products consisting of mutual funds, debt, equity and government securities, retirement accounts, insurance products, and fixed and variable annuities through an agreement with a third-party registered broker-dealer. It operates through 13 full-service banking centers located in Asheville, North Carolina, and the rest of Buncombe County, as well as in Henderson, Madison, McDowell, and Transylvania Counties; and a loan production office in Mecklenburg County. ASB Bancorp, Inc. was founded in 1936 and is headquartered in Asheville, North Carolina.

160 Employees
Last Reported Date: 03/13/15
Founded in 1936

asb bancorp inc (ASBB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $316.9K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $180.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $180.0K
Chief Retail Officer, Executive Vice Presiden...
Total Annual Compensation: $142.0K
Compensation as of Fiscal Year 2014.

asb bancorp inc (ASBB) Key Developments

Lawrence Seidman Recommends Sale of ASB Bancorp

Lawrence Seidman has recommended ASB Bancorp, Inc. (NasdaqGM:ASBB) to look for buyers. Lawrence Seidman sent a letter on August 21, 2015, requesting that its board initiate a competitive auction process to identify potential acquirers and to sell the bank for a premium that maximizes shareholder value. Lawrence Seidman also said that two potential buyers contacted him to express an interest in acquiring ASB Bancorp. Additionally, Seidman said the Chief Executive Officer of another bank told him that he had emailed ASB Bancorp to discuss a possible merger.

Firefly Value Recommends Sale of ASB Bancorp

Firefly Value Partners, LP which owns 9.6% stake in ASB Bancorp, Inc. (NasdaqGM:ASBB) has recommended the company to look for buyers. The company sent a letter requesting that its board initiate a competitive auction process to identify potential acquirers and to sell the bank for a premium that maximizes shareholder value.

ASB Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2015

ASB Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $5,409,000 compared to $4,885,000 a year ago. Net interest income after provision for loan losses was $5,344,000 compared to $6,275,000 a year ago. Income before income tax provision was $1,302,000 compared to $1,479,000 a year ago. Net income was $865,000 compared to $941,000 a year ago. Basic and diluted earnings per share were $0.22 compared to $0.21 a year ago. Book value per share was $21.96 compared to $21.06 a year ago. Return on average assets was 0.44% compared to 0.50% a year ago. Return on average equity was 3.58% compared to 3.70% a year ago. For the six months, the company reported net interest income of $10,702,000 compared to $9,739,000 a year ago. Net interest income after provision for loan losses was $10,443,000 compared to $11,197,000 a year ago. Income before income tax provision was $2,239,000 compared to $1,997,000 a year ago. Net income was $1,487,000 compared to $1,345,000 a year ago. Diluted earnings per share were $0.37 compared to $0.30 a year ago. Return on average assets was 0.39% compared to 0.36% a year ago. Return on average equity was 3.11% compared to 2.65% a year ago. The company reported net charge-offs for the second quarter ended June 30, 2015. For the quarter, the company reported net charge-offs of $17,000 compared to net recoveries of $29,000 a year ago.

 

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ASBB:US $25.23 USD +1.25

ASBB Competitors

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Company Last Change
Alliance Bancorp Inc of Pennsylvania $22.90 USD -0.17
Cheviot Financial Corp $14.49 USD -0.01
First Clover Leaf Financial Corp $9.20 USD 0.00
First Savings Financial Group Inc $31.18 USD +0.07
LaPorte Bancorp Inc $14.15 USD 0.00
View Industry Companies
 

Industry Analysis

ASBB

Industry Average

Valuation ASBB Industry Range
Price/Earnings 36.2x
Price/Sales 3.5x
Price/Book 1.0x
Price/Cash Flow 40.0x
TEV/Sales 1.4x
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