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Last $11.21 USD
Change Today -0.02 / -0.18%
Volume 8.0K
BKJ On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

bancorp of new jersey inc (BKJ) Snapshot

Open
$11.13
Previous Close
$11.23
Day High
$11.21
Day Low
$11.11
52 Week High
05/6/14 - $14.26
52 Week Low
01/21/15 - $10.30
Market Cap
69.9M
Average Volume 10 Days
11.8K
EPS TTM
$0.70
Shares Outstanding
6.2M
EX-Date
03/5/15
P/E TM
16.0x
Dividend
$0.24
Dividend Yield
2.14%
Current Stock Chart for BANCORP OF NEW JERSEY INC (BKJ)

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bancorp of new jersey inc (BKJ) Details

Bancorp of New Jersey, Inc. operates as the holding company for Bank of New Jersey that provides commercial banking services to individuals, businesses, non-profit organizations, and governmental units primarily in Bergen County, New Jersey. The company offers various deposit accounts, such as savings accounts, time deposits, noninterest-bearing demand accounts, interest-bearing demand accounts, and money market accounts. It also provides commercial loans for working capital, financing the purchase of equipment or inventory, and other business purposes; real estate loans, including loans secured by commercial or residential real property and loans for the construction of commercial or residential property; and consumer loans comprising home equity loans for the purpose of financing the purchase of consumer goods, home improvements, and other personal needs. In addition, the company offers mail, telephone, Internet, and electronic banking services. As of July 31, 2014, it operated nine branch offices located in Fort Lee, Hackensack, Haworth, Harrington Park, Englewood, Cliffside Park, and Woodcliff Lake, Bergen County, New Jersey. The company was founded in 2006 and is headquartered in Fort Lee, New Jersey.

71 Employees
Last Reported Date: 03/31/15
Founded in 2006

bancorp of new jersey inc (BKJ) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $375.7K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $256.3K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $185.2K
Compensation as of Fiscal Year 2013.

bancorp of new jersey inc (BKJ) Key Developments

Bancorp of New Jersey, Inc. Revises Earnings Results for the Year Ended December 31, 2014

Bancorp Of New Jersey, Inc. revised earnings results for the year ended December 31, 2014. After issuing the press release, based on discussions with its banking regulators during a routine safety and soundness examination, management determined to charge off a portion of three loans and to classify two troubled debt restructurings (TDRs) as nonaccrual. As a result, the company revised net loans at December 31, 2014 from $627.4 million to $626.4 million and revised stockholders' equity at December 31, 2014 from $60.6 million to $59.9 million. Additionally, for the year ended December 31, 2014, net interest income was revised downward by $0.4 million, the provision for loan losses was revised upward by $0.7 million, and income tax expense was revised downward by $0.4 million. For the year ended December 31, 2014, net income was revised from $4.4 million to $3.8 million, or from $0.82 to $0.70 per diluted share.

Bancorp of New Jersey, Inc. Declares Quarterly Dividend, Payable on March 31, 2015

Bancorp of New Jersey, Inc. announced that its board of directors, on February 19, 2015, declared a first quarter cash dividend of $0.06 per share of it's common stock. The dividend will be paid on March 31, 2015 to shareholders of record as of the close of business on March 9, 2015.

Bancorp of New Jersey, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Bancorp of New Jersey, Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s net income increased by 6.2% to approximately $1.2 million, or $0.23 per diluted share, as compared to the quarter ended December 31, 2013 net income of approximately $1.2 million or $0.22 per diluted share. For the quarter ended December 31, 2014, net interest income increased 27.1%, reaching $6.0 million, compared to $4.7 million of net interest income earned during the fourth quarter of 2013. Pretax income was $1,840,000 against $1,945,000 a year ago. For the year ended December 31, 2014, net income was $4.4 million, or $0.82 per diluted share, compared to $4.7 million, or $0.87 per diluted share, for the year ended December 31, 2013 representing a decrease of approximately 4.4%. The decrease in annual net income resulted from the combination of increased provision for loan losses as a result of the loan growth during the year, an increase in operating expenses, and a decrease in income from the sale of securities. For the year ended December 31, 2014, net interest income increased 16.0%, reaching $21.7 million, compared to $18.7 million for the year ended December 31, 2013. Pretax income was $7,008,000 against $7,709,000 a year ago.

 

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BKJ Competitors

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Company Last Change
Commercial National Financial Corp/PA $23.00 USD -0.10
Harleysville Savings Financial Corp $18.45 USD +0.05
Jeffersonville Bancorp $13.88 USD +0.03
Juniata Valley Financial Corp $17.97 USD 0.00
Lake Shore Bancorp Inc $13.63 USD 0.00
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Industry Analysis

BKJ

Industry Average

Valuation BKJ Industry Range
Price/Earnings 16.0x
Price/Sales 3.3x
Price/Book 1.0x
Price/Cash Flow 18.5x
TEV/Sales 0.8x
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