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Last $19.25 USD
Change Today -0.01 / -0.05%
Volume 11.1K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

palmetto bancshares inc (PLMT) Snapshot

Open
$19.21
Previous Close
$19.26
Day High
$19.26
Day Low
$19.21
52 Week High
07/22/15 - $20.80
52 Week Low
09/9/14 - $13.11
Market Cap
246.7M
Average Volume 10 Days
12.2K
EPS TTM
$0.86
Shares Outstanding
12.8M
EX-Date
07/30/15
P/E TM
22.3x
Dividend
$0.32
Dividend Yield
1.51%
Current Stock Chart for PALMETTO BANCSHARES INC (PLMT)

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palmetto bancshares inc (PLMT) Details

Palmetto Bancshares, Inc. operates as the bank holding company for The Palmetto Bank that provides retail and commercial banking, and wealth management services to consumers and businesses in the United States. The company’s deposit products include checking accounts and savings accounts, noninterest-bearing and interest-bearing transaction deposits; money market deposits; savings deposits; and time deposits. Its loan products comprise commercial real estate, single-family residential real estate, commercial and industrial, consumer, small business administration, corporate, mortgage, credit card, and automobile loans, as well as home equity loans and home equity lines of credit. In addition, the company offers cash management, trust, brokerage, private banking, financial planning, insurance, mobile and online banking, automated teller machines (ATM), and debit card services. As of March 31, 2015, the company provided its products and services through 25 branches. It also operates approximately 27 automatic teller machines and 7 limited service offices located in retirement centers in the Upstate. The company was founded in 1906 and is headquartered in Greenville, South Carolina.

286.6 Employees
Last Reported Date: 08/3/15
Founded in 1906

palmetto bancshares inc (PLMT) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $364.8K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $194.3K
Chief Operating Officer, Chief Risk Officer, ...
Total Annual Compensation: $287.1K
Compensation as of Fiscal Year 2014.

palmetto bancshares inc (PLMT) Key Developments

Palmetto Bancshares Inc., Special/Extraordinary Shareholders Meeting, Aug 12, 2015

Palmetto Bancshares Inc., Special/Extraordinary Shareholders Meeting, Aug 12, 2015. Agenda: To approve informational update.

Palmetto Bancshares Inc. Declares Quarterly Cash Dividend, Payable on August 17, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Palmetto Bancshares Inc. announced the declaration of a quarterly cash dividend of $0.08 per common share. The cash dividend is payable on August 17, 2015 to shareholders of record as of the close of business on August 3, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $10,251,000 against $9,920,000 a year ago. Net interest income was $10,112,000 against $9,789,000 a year ago. Net interest income after provision for loan losses was $11,062,000 against $9,789,000 a year ago. Income before provision for income taxes was $3,654,000 against $3,195,000 a year ago. Net income was $2,040,000 or $0.16 per diluted share against $2,027,000 or $0.16 per diluted share a year ago. Return on average assets was at 0.70% against 0.74% reported last year. Return on average equity was at 6.01% against 6.32% reported last year. The decrease in net income from the prior quarter was driven primarily by higher merger-related expenses, credit-related expenses due to a writedown on a foreclosed real estate property, and the provision for unfunded commitments, offset by a negative provision for loan losses. The company's effective income tax rate increased to 44% during the second quarter 2015 as a result of a portion of the merger-related expenses which are not deductible for income tax purposes. The increase in net interest income resulted from an increase in average loans outstanding of $15.7 million, higher loan fees from an elevated level of loan prepayments and one additional day in the second quarter 2015 as compared to the first quarter 2015. For the six months, the company reported total interest income of $20,237,000 against $19,996,000 a year ago. Net interest income was $19,964,000 against $19,722,000 a year ago. Net interest income after provision for loan losses was $20,514,000 against $19,722,000 a year ago. Income before provision for income taxes was $7,853,000 against $6,405,000 a year ago. Net income was $4,772,000 or $0.37 per diluted share against $4,055,000 or $0.32 per diluted share a year ago. Book value per share was $10.67 against $10.18 per share a year ago. Return on average assets was at 0.83% against 0.75% reported last year. Return on average equity was at 7.12% against 6.43% reported last year.

Palmetto Bancshares Inc. to Report Q2, 2015 Results on Jul 22, 2015

Palmetto Bancshares Inc. announced that they will report Q2, 2015 results at 8:00 AM, US Eastern Standard Time on Jul 22, 2015

 

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PLMT:US $19.25 USD -0.01

PLMT Competitors

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Company Last Change
Access National Corp $20.01 USD +0.43
American National Bankshares Inc $23.29 USD +0.07
Franklin Financial Network Inc $23.28 USD +0.59
National Bankshares Inc $31.54 USD +0.46
First Bancorp Inc/ME $18.73 USD +0.16
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Industry Analysis

PLMT

Industry Average

Valuation PLMT Industry Range
Price/Earnings 24.7x
Price/Sales 4.4x
Price/Book 1.8x
Price/Cash Flow 24.5x
TEV/Sales 2.4x
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