Last $17.00 USD
Change Today +0.50 / 3.03%
Volume 100.0
HBKS On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

heritage bankshares inc (HBKS) Snapshot

Open
$17.00
Previous Close
$16.50
Day High
$17.00
Day Low
$17.00
52 Week High
02/18/15 - $17.00
52 Week Low
03/11/14 - $13.02
Market Cap
38.7M
Average Volume 10 Days
198.2
EPS TTM
$1.19
Shares Outstanding
2.3M
EX-Date
02/5/15
P/E TM
14.3x
Dividend
$0.48
Dividend Yield
2.82%
Current Stock Chart for HERITAGE BANKSHARES INC (HBKS)

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heritage bankshares inc (HBKS) Details

Heritage Bankshares, Inc. operates as the bank holding company for Heritage Bank that provides commercial and retail banking products and services to individuals and businesses. It generates deposit products, including checking accounts, savings accounts, and certificates of deposit; and offers business loans, such as owner-occupied real estate, small business, commercial, real estate, and construction loans. The company also provides refinancing of owner-occupied facilities; and financing for equipment, such as vehicles, trucks, forklifts, and other heavy equipment for business. In addition, it offers online banking services consisting of account access and review, bill pay, transaction management, transfer, transaction history, stop payment, electronic document delivery, check and deposit images, and wire transfer services, as well as offers VISA check cards/ATM cards. As of April 25, 2014, it had two full-service branches in the city of Norfolk, two full-service branches in the city of Virginia Beach, and one full-service branch in the city of Chesapeake, Virginia. Heritage Bankshares, Inc. is headquartered in Norfolk, Virginia.

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heritage bankshares inc (HBKS) Key Developments

Heritage Bankshares Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014

Heritage Bankshares Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of $2,593,000, net interest income of $2,384,000, income before provision for income taxes of $838,000, net income available to common stockholders of $574,000 or $0.24 per diluted share, annualized return on average assets of 0.68%, annualized return on average common equity of 7.17% compared to the total interest income of $2,487,000, net interest income of $2,269,000, income before provision for income taxes of $938,000, net income available to common stockholders of $658,000 or $0.28 per diluted share, annualized return on average assets of 0.85%, annualized return on average common equity of 8.71% for the same quarter a year ago. For the year, the company reported total interest income of $10,152,000, net interest income of $9,268,000, income before provision for income taxes of $3,750,000, net income available to common stockholders of $2,794,000 or $1.19 per diluted share, annualized return on average assets of 0.86%, annualized return on average common equity of 9.01% compared to the total interest income of $10,169,000, net interest income of $9,292,000, income before provision for income taxes of $3,491,000, net income available to common stockholders of $2,416,000 or $1.04 per diluted share, annualized return on average assets of 0.78%, annualized return on average common equity of 8.42% for the previous year. Book value per share as at December 31, 2014 was $14.41 compared to the $13.67 as on December 31, 2013.

Heritage Bankshares Inc. Declares Quarterly Dividend, Payable on February 20, 2015; to Pay Dividends on the Preferred Stock, Payable on April 1, 2015

On January 28, 2015, Board of Directors declared Heritage Bankshares Inc.'s regular quarterly dividend of $0.12 per share on common stock. The dividend will be paid on February 20, 2015 to common shareholders of record on February 9, 2015. The company will pay dividends of $19,500 on the preferred stock issued in connection with participation in the SBLF program. This dividend shall be paid on April 1, 2015 to the holders of the SBLF preferred stock of record on March 20, 2015.

Heritage Bankshares, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Heritage Bankshares Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $2,395,000 against $2,262,000 a year ago. Income before provision for income taxes was $1,589,000 against $991,000 a year ago. Net income available to common stockholders was $1,299,000 or $0.55 per diluted share against $704,000 or $0.30 per diluted share a year ago. Annualized return on average assets was 1.54% against 0.90% a year ago. Annualized return on average common equity was 16.42% against 9.54% a year ago. Book value per share as at September 30, 2014 was $14.26. For the nine months, the company reported net interest income of $6,885,000 against $7,023,000 a year ago. Income before provision for income taxes was $2,913,000 against $2,553,000 a year ago. Net income available to common stockholders was $2,221,000 or $0.95 per diluted share against $1,759,000 or $0.75 per diluted share a year ago. Annualized return on average assets was 0.92% against 0.76% a year ago. Annualized return on average common equity was 9.66% against 8.32% a year ago.

 

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Valuation HBKS Industry Range
Price/Earnings 13.8x
Price/Sales 3.5x
Price/Book 1.1x
Price/Cash Flow 13.1x
TEV/Sales NM Not Meaningful
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