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Last $8.04 USD
Change Today +0.14 / 1.77%
Volume 49.3K
As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

newbridge bancorp (NBBC) Snapshot

Open
$7.94
Previous Close
$7.90
Day High
$8.07
Day Low
$7.93
52 Week High
03/24/15 - $9.18
52 Week Low
08/5/14 - $7.20
Market Cap
313.4M
Average Volume 10 Days
41.5K
EPS TTM
$0.51
Shares Outstanding
35.8M
EX-Date
03/12/15
P/E TM
15.7x
Dividend
$0.06
Dividend Yield
0.19%
Current Stock Chart for NEWBRIDGE BANCORP (NBBC)

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newbridge bancorp (NBBC) Details

NewBridge Bancorp operates as the bank holding company for NewBridge Bank that provides various banking products to small to medium-sized businesses and retail clients. Its deposit products include interest bearing and noninterest bearing demand deposit accounts, certificates of deposits, individual retirement accounts, savings accounts, NOW accounts, and money market accounts. The company also provides lending products comprising real estate mortgage and construction, commercial, and consumer loans. In addition, it offers overdraft protection, personal and corporate trust services, safe deposit boxes, online banking, corporate cash management, brokerage, and financial planning and asset management services. As of October 21, 2014, the Bank operated approximately 40 branches and various loan production offices in North and South Carolina. The company is based in Greensboro, North Carolina.

457 Employees
Last Reported Date: 03/12/15

newbridge bancorp (NBBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $675.5K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $356.7K
Chief Credit Officer of Newbridge Bank and Se...
Total Annual Compensation: $309.5K
Chief Administrative Officer of Newbridge Ban...
Total Annual Compensation: $309.5K
Chief Banking Officer of The Newbridge Bank a...
Total Annual Compensation: $294.4K
Compensation as of Fiscal Year 2014.

newbridge bancorp (NBBC) Key Developments

NewBridge Bancorp Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Charge-Offs for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

NewBridge Bancorp announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income was $23,735,000 against $18,064,000 a year ago. Net interest income was $21,687,000 against $16,636,000 a year ago. This increase reflected a continuing rise in the average balance of earning assets, primarily loans, following two successful acquisitions and organic growth during the past year. Income before income taxes was $5,841,000 against $5,351,000 a year ago. Net income to common shareholders was $3,770,000 against $3,114,000 a year ago. Net income per diluted share was $0.10 against $0.11 a year ago. Operating net income per diluted share was $0.14 against $0.11 a year ago. Book value per share was $6.44. Tangible book value was $5.67. Return on average equity was 6.47% against 8.27% a year ago. Return on average assets was 0.59% against 0.71% a year ago. Excluding acquisition related expenses, net income available to common shareholders increased 65% to $5.2 million ($0.14 per share) from $3.2 million a year ago. Operating net income, a non-GAAP measure of net income less acquisition related expenses, increased 65% to $5.2 million, up from $3.2 million in the prior year's first quarter. The company reported net charge-offs of $338,000 for the first quarter ended March 31, 2015. The company expects to report continued successes to shareholders throughout 2015.

NewBridge Seeks Acquisitions

NewBridge Bancorp (NasdaqGS:NBBC) is looking for acquisitions. President Pressley A. Ridgill said "We are very optimistic about the Company's ability to continue successfully executing its strategic plan, which includes significant organic growth, complemented by prudent acquisitive growth. The acquisition of Premier Commercial expanded the Company's presence in our hometown Greensboro, North Carolina market. This is one of numerous key markets in both North Carolina and South Carolina in which we have expanded our presence and capabilities. We believe the integration of Premier has gone extremely well, evidenced by quick technology systems and personnel integration. We were able to complete the acquisition with tangible book value dilution of approximately $0.01 per share. We expect to report continued successes to our shareholders throughout 2015."

NewBridge Bancorp Declares Cash Dividend, Payable April 15, 2015

NewBridge Bancorp announced the resumption of payment of cash dividends to its common shareholders. On February 18, 2015, the Board of Directors of the company declared a $0.015 per share quarterly cash dividend on its common stock, payable April 15, 2015 to shareholders of record as of the close of business on March 16, 2015.

 

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Industry Analysis

NBBC

Industry Average

Valuation NBBC Industry Range
Price/Earnings 20.9x
Price/Sales 3.0x
Price/Book 1.2x
Price/Cash Flow 19.8x
TEV/Sales -- Not Meaningful
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