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Last $16.39 USD
Change Today +0.11 / 0.68%
Volume 1.5K
CBNK On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

chicopee bancorp inc (CBNK) Snapshot

Open
$16.48
Previous Close
$16.28
Day High
$16.49
Day Low
$16.39
52 Week High
05/7/14 - $17.50
52 Week Low
10/16/14 - $13.56
Market Cap
86.4M
Average Volume 10 Days
1.4K
EPS TTM
$0.21
Shares Outstanding
5.3M
EX-Date
05/6/15
P/E TM
78.0x
Dividend
$0.28
Dividend Yield
1.71%
Current Stock Chart for CHICOPEE BANCORP INC (CBNK)

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chicopee bancorp inc (CBNK) Details

Chicopee Bancorp, Inc. operates as the holding company for Chicopee Savings Bank that provides various financial products and services to individuals and businesses in Western Massachusetts. Its deposit products include non-interest-bearing demand accounts, such as checking accounts; interest-bearing accounts, including NOW and money market deposit accounts; regular savings accounts, such as passbook accounts; and certificates of deposit. The company’s loan portfolio comprises residential real estate loans; commercial real estate loans; residential and commercial construction loans; commercial and industrial loans; and consumer loans, including second mortgages, home improvement loans, equity loans, automobile loans, and personal loans, as well as home equity lines-of-credit. In addition, it offers non-deposit investment products, including mutual funds, retirement accounts, insurance products, and fixed and variable annuities, as well as debt, equity, and government securities. As of June 30, 2014, the company operated a main office; a lending and operations center; and eight branch offices located in Chicopee, Ludlow, South Hadley, Ware, and West Springfield. Chicopee Bancorp, Inc. was founded in 1845 and is based in Chicopee, Massachusetts.

108 Employees
Last Reported Date: 03/12/15
Founded in 1845

chicopee bancorp inc (CBNK) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $409.4K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $161.0K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $230.5K
Compensation as of Fiscal Year 2013.

chicopee bancorp inc (CBNK) Key Developments

Chicopee Bancorp, Inc. Announces Cash Dividend, Payable on or About May 22, 2015

On April 24, 2015, Chicopee Bancorp, Inc. announced a cash dividend of $0.07 per share of its common stock to stockholders of record as of the close of business on May 8, 2015, payable on or about May 22, 2015.

Chicopee Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

Chicopee Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $5,023,000 compared to $4,696,000 for the same period a year ago. Net interest income, after provision for loan losses was $4,623,000 compared to $2,495,000 for the same period a year ago. Income before income tax expense was $395,000 compared to Income before income tax expense of $1,534,000 for the same period a year ago. Net Income was $313,000 or $0.06 per diluted share compared to net loss of $1,359,000 or $0.27 per diluted share a year ago. Return on average assets was 0.20% compared to negative return on average assets of 0.94% a year ago. Return on average equity was 1.43% compared to negative return on average equity of 3.56% for the same period a year ago. The company's book value per share increased by $0.02, or 0.1%, from $16.72 at December 31, 2014 to $16.74 at March 31, 2015. The increase in net income for the three months ended March 31, 2015 compared to the three months ended March 31, 2014, was the result of a $1.8 million, or 81.8%, decrease in the provision for loan losses, an increase in net interest income of $327,000, or 7.0%, and an increase of $53,000, or 9.0%, in non-interest income, partially offset by an increase of $252,000, or 5.5%, in non-interest expense and an increase of $257,000, or 146.9%, in income tax expense due to the higher level of taxable income during the three months ended March 31, 2015. For the first quarter ended March 31, 2015, the company reported net charge-offs of $143,000, or 0.03%, of total average loans, compared to net charge-offs of $2.3 million, or 0.48% of total average loans, for the same period in 2014.

Chicopee Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Chicopee Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, total interest and dividend income was $6.013 million against $5.671 million last year. Net interest income was $5.091 million against $4.691 million last year. Income before income tax expense was $0.788 million against $0.881 million last year. Net income was $0.299 million or $0.06 per basic and diluted share against $0.670 million or $0.14 per basic and diluted share last year. Return on average assets was 0.19% against 0.46% last year. Return on average equity was 1.34% against 2.89% last year. The $371,000, or 55.4%, decrease in net income for the three months ended December 31, 2014 compared to the three months ended December 31, 2013, was primarily due to the increase in non-interest expense of $490,000, or 11.2%, an increase in income tax expense of $279,000, or 132.2%, a decrease in non-interest income of $91,000, or 12.9%, partially offset by the decrease in the provision for loan losses of $88,000, or 56.4%, and an increase of $400,000, or 8.5%, in net interest income. The increase in net interest income of $400,000, or 8.5%, from $4.7 million for the three months ended December 31, 2013 to $5.1 million for the three months ended December 31, 2014 was due to the $342,000, or 6.0%, increase in interest and dividend income and the decrease in interest expense of $58,000, or 5.9%. The increase in interest and dividend income of $342,000, or 6.0%, was primarily due to the increase in average loans of $48.8 million, or 10.4%, from $471.3 million for the three months ended December 31, 2013 to $520.1 million for the three months ended December 31, 2014, partially offset by the decrease in the asset yield of nine basis points from 4.32% for the three months ended December 31, 2013 to 4.23% for the three months ended December 31, 2014. For the year, total interest and dividend income was $23.354 million against $23.069 million last year. Net interest income was $19.671 million against $18.720 million last year. Loss before income tax benefit was $1.683 million against income before income tax expense of $3.240 million last year. Net loss was $0.578 million or $0.11 per diluted share against net income of $2.553 million or $0.50 per diluted share last year. Loss on average assets was 0.10% against return on average assets of 0.44% last year. Loss on average equity was 0.64% against return on average assets of 2.79% last year. Tangible book value per share was $16.72 against $16.97 at December 31, 2013. The increase in net interest income of $951,000, or 5.1%, from $18.7 million for the twelve months December 31, 2013 to $19.7 million for the twelve months ended December 31, 2014 was primarily due to the $666,000, or 15.3%, decrease in interest expense, and the increase in interest income from loans of $400,000, or 1.9%, partially offset by the decrease in interest income from investments of $101,000, or 6.0%.

 

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Industry Analysis

CBNK

Industry Average

Valuation CBNK Industry Range
Price/Earnings 75.0x
Price/Sales 4.2x
Price/Book 0.9x
Price/Cash Flow 79.0x
TEV/Sales NM Not Meaningful
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