Last $14.61 USD
Change Today +0.35 / 2.45%
Volume 12.5K
BBX On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

bbx capital corp-a (BBX) Snapshot

Open
$14.26
Previous Close
$14.26
Day High
$14.63
Day Low
$14.12
52 Week High
03/7/14 - $22.54
52 Week Low
12/17/14 - $11.80
Market Cap
256.6M
Average Volume 10 Days
13.9K
EPS TTM
$3.79
Shares Outstanding
17.4M
EX-Date
02/20/09
P/E TM
3.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for BBX CAPITAL CORP-A (BBX)

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bbx capital corp-a (BBX) Details

BBX Capital Corporation is a principal investment firm. It also seeks to make investment in, acquisition, ownership, financing, development, and management of real estate and real estate related assets. The firm is also involved in the acquisition, ownership, and management of joint ventures and investments in operating businesses. It was formerly known as BankAtlantic Bancorp, Inc. and changed its name in July 2012. BBX Capital Corporation was founded in 1994 and is based in Fort Lauderdale, Florida. It operates as a subsidiary of BFC Financial Corporation.

308 Employees
Last Reported Date: 03/17/14
Founded in 1994

bbx capital corp-a (BBX) Top Compensated Officers

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: $2.3M
President, Director, Chief Executive Officer ...
Total Annual Compensation: $675.0K
Compensation as of Fiscal Year 2013.

bbx capital corp-a (BBX) Key Developments

BBX Capital Corporation Announces Management Changes

On January 6, 2015, the Board of Directors of BBX Capital Corporation approved the appointment of Raymond S. Lopez as Chief Financial Officer of the Company, effective on the first business day. Mr. Lopez will succeed John K. Grelle, who will retire after serving as the company’s Chief Financial Officer since 2012. Mr. Lopez has served as Chief Accounting Officer of Bluegreen Corporation since 2005 and as Senior Vice President of Bluegreen since 2007.

BBX Capital Corporation Provides Federal Court's Statement on Verdict Against the Company and its Chairman

BBX Capital Corporation announced that, following a six week trial in federal court in Miami, a jury rendered a split decision in a federal securities case brought against BBX and its Chairman, Alan Levan. The issues in the case arose out of loan losses reported by BankAtlantic in October 2007, driven by the dramatic collapse of the Florida real estate market. The jury found in favor of BBX and Mr. Levan with respect to all of its disclosures preceding the market collapse except for three sentences uttered by Alan Levan in BBX's lengthy July 25, 2007 earnings conference call. With respect to that conference call, prior to the jury's deliberations, the judge instructed the jury that the three sentences were "objectively false," a conclusion vigorously disputed by BBX and Mr. Levan. BBX noted that the identical jury instruction was given in the private securities litigation which preceded this case. After enduring a similar jury outcome, BBX and Levan ultimately prevailed in that case. The jury also found that BBX made a decision to sell loans in the fourth quarter of 2007 and thereafter failed to treat those loans as "held for sale" rather than "held for investment." BBX also noted that some news stories following the verdict have misconstrued the form of verdict. The SEC prevailed on a single disclosure issue -- the three sentences in the July 2007 conference call -- that is repeated in a series of essentially similar questions. The SEC also prevailed on a single held for sale issue that is repeated in a series of similar questions. The Company and Mr. Levan will file motions to enter judgment in their favor on all counts and if these motions are denied will bring the issues to the 11th Circuit Court of Appeals in Atlanta. As a result of the time frames involved in the appeal of the verdict, the Boards of Directors of BFC Financial Corporation and BBX Capital mutually agreed to terminate the companies' proposed merger contemplated by the May 7, 2013 merger agreement between the parties.

BFC Financial Corporation and BBX Capital Corporation Announce Dismissal of Merger Litigation

BFC Financial Corporation and BBX Capital Corporation have announced the dismissal with prejudice of the In Re: BBX Capital Corporation Litigation. The litigation, a purported class action against BFC, BBX Capital and the members of BBX Capital's board of directors, was brought challenging the fairness of the proposed merger between BFC and BBX Capital and seeking an injunction to block the transaction. The Circuit Court of the 17th Judicial Circuit for Broward County, Florida, denied plaintiff's motion for class certification and dismissed the case with prejudice on November 5, 2014. Nearly, 97% of the BBX Capital shareholders and 86% of the minority shareholders represented at the shareholders' meeting to approve the transaction voted in favour of the merger. The merger remains subject to certain closing conditions, including the listing of BFC's Class-A common stock on a national securities exchange. BFC and BBX Capital do not currently anticipate that the merger will be consummated prior to the first quarter of 2015.

 

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Industry Analysis

BBX

Industry Average

Valuation BBX Industry Range
Price/Earnings 4.3x
Price/Sales 1.7x
Price/Book 0.7x
Price/Cash Flow 4.5x
TEV/Sales 1.1x
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