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Last $7.12 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 08/25/15 All times are local (Market data is delayed by at least 15 minutes).

hometown bankshares corp (HMTA) Snapshot

Open
$7.20
Previous Close
$7.12
Day High
$7.20
Day Low
$7.12
52 Week High
02/4/15 - $8.00
52 Week Low
09/3/14 - $6.20
Market Cap
23.5M
Average Volume 10 Days
449.6
EPS TTM
--
Shares Outstanding
3.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HOMETOWN BANKSHARES CORP (HMTA)

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hometown bankshares corp (HMTA) Details

HomeTown Bankshares Corporation operates as the bank holding company for Hometown Bank that provides retail and commercial banking services in Virginia. It accepts various deposit products, such as checking accounts, savings and time deposits, daily money market accounts, longer-term certificates of deposit, and individual retirement accounts. The company’s loan portfolio includes commercial loans comprising secured and unsecured loans for working capital, including inventory and receivables; business expansion loans, such as acquisition of real estate and improvements; and purchase of equipment and machinery. It also offers consumer loans and lines of credit, including secured and unsecured loans for financing automobiles, home improvements, education, personal investments; fixed and floating-rate mortgage loans; and real estate construction and acquisition loans, as well as consumer residential mortgage loans. In addition, the company offers investment products and financial advisory services; insurance products and services; and safe deposit boxes, travelers checks, direct deposit of payroll and social security checks, automatic drafts for various accounts, overdraft protection, check cards, credit cards, and merchant card services, as well as Internet banking services comprising on-line bill pay and mobile banking services. Its market area primarily consists of the City of Roanoke, Roanoke County, and the City of Salem, Virginia; and contiguous counties, including Bedford, Franklin, and Montgomery, Virginia. As of March 20, 2014, the company conducted its business from six locations in Virginia. The company was founded in 2004 and is based in Roanoke, Virginia.

92 Employees
Last Reported Date: 08/13/15
Founded in 2004

hometown bankshares corp (HMTA) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $269.1K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $161.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $145.7K
Compensation as of Fiscal Year 2014.

hometown bankshares corp (HMTA) Key Developments

HomeTown Bankshares Corporation Declares Quarterly Dividend on its Series C Non-Cumulative Perpetual Convertible Preferred Stock, Payable on September 15, 2015

HomeTown Bankshares Corporation declared a 6% per annum quarterly dividend on its Series C Non-Cumulative Perpetual Convertible Preferred Stock, payable September 15, 2015 to shareholders of record on August 31, 2015.

Hometown Bankshares Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

HomeTown Bankshares Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $3,800,000 against $3,636,000 a year ago. Net income before income taxes was $1,273,000 against $1,213,000 a year ago. Net income available to common shareholders was $653,000 or $0.16 per diluted share against $623,000 or $0.15 per diluted and basic share a year ago. Return on average assets was 0.78% against 0.81% a year ago. Return on average shareholders’ equity was 7.80% against 8.07% a year ago. For the six months, the company reported net interest income of $7,510,000 against $7,195,000 a year ago. Net income before income taxes was $2,409,000 against $2,378,000 a year ago. Net income available to common shareholders was $1,219,000 or $0.30 per diluted share against $1,216,000 or $0.30 per diluted and basic share a year ago. Return on average assets was 0.75% against 0.81% a year ago. Return on average shareholders’ equity was 7.50% against 8.08% a year ago. Book value per common share was $9.41 at June 30, 2015 against $8.60 at June 30, 2014.

Hometown Bankshares Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charges Off for the First Quarter Ended March 31, 2015

HomeTown Bankshares Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported strong revenue growth of 8% for the first quarter of 2015 over the prior year. Earnings of $790,000 were realized for the quarter ended March 31, 2015 compared to $803,000 in 2014. Net income available to common shareholders amounted to $566,000 for the first quarter of 2015 compared to $593,000 during the prior year after preferred stock dividend payments of $210,000 in the first quarter of 2015 and first quarter of 2014. Fully diluted earnings per share amounted to $0.14 per share for the first quarter of 2015 compared to $0.15 per share for the comparative period of 2014. Earnings were slightly lower for the first quarter of 2015 compared to first quarter of 2014 due to accelerated marketing expenses incurred to take advantage of unique competitive opportunities in the local banking market. Revenues increased 8% to $4.8 million during the first quarter due to strong loan and core deposit growth system-wide and a 49% increase in non-interest income, net of gain on securities sale. Total interest income was $4.250 million against $4.093 million a year ago. Net interest income was $3.710 million against $3.559 million a year ago. Net income before income taxes was $1.136 million against $1.165 million a year ago. Return on average assets was $0.74% against $0.81% a year ago. Return on average shareholders’ equity was $7.31% against 8.09% a year ago. Book value per share was $9.32 against $8.32 a year ago. For the quarter, the company announced $3,000 in net charge-offs compared to $2,000 for the same period a year ago.

 

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HMTA Competitors

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Company Last Change
Carolina Trust Bank $5.35 USD 0.00
CNB Corp/MI $16.45 USD 0.00
Greer Bancshares Inc $9.50 USD 0.00
Southeastern Banking Corp $9.97 USD -0.27
Southwest Georgia Financial Corp $14.12 USD -0.48
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Industry Analysis

HMTA

Industry Average

Valuation HMTA Industry Range
Price/Earnings 15.3x
Price/Sales 1.3x
Price/Book 0.8x
Price/Cash Flow 6.9x
TEV/Sales NM Not Meaningful

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