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Last $18.36 USD
Change Today 0.00 / 0.00%
Volume 962.0
PLMT On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 10:41 AM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

palmetto bancshares inc (PLMT) Snapshot

Open
$18.35
Previous Close
$18.36
Day High
$18.36
Day Low
$18.34
52 Week High
03/30/15 - $19.50
52 Week Low
07/25/14 - $12.57
Market Cap
235.3M
Average Volume 10 Days
32.2K
EPS TTM
$0.74
Shares Outstanding
12.8M
EX-Date
04/30/15
P/E TM
24.7x
Dividend
$0.32
Dividend Yield
0.98%
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 June 30, 2014, the company provided its products and services through 25 branches. It also operates approximately 27 automatic teller machines and 6 limited service offices located in retirement centers in the Upstate. The company was founded in 1906 and is headquartered in Greenville, South Carolina.

286 Employees
Last Reported Date: 03/4/15
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. Declares Quarterly Cash Dividend, Payable on May 18, 2015

Palmetto Bancshares Inc. announced the declaration of a quarterly cash dividend of $0.08 per common share. The cash dividend is payable on May 18, 2015 to shareholders of record as of the close of business on May 4, 2015.

Palmetto Bancshares Declares Quarterly Cash Dividend Payable on February 16, 2015

Palmetto Bancshares Inc. declared a quarterly cash dividend of $0.08 per common share payable on February 16, 2015 to shareholders of record on February 2, 2015.

Palmetto Bancshares Inc. Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Charge-Offs for the Fourth Quarter of 2014

Palmetto Bancshares Inc. reported un-audited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of $3.3 million or $0.26 per diluted common share compared to $2.0 million $0.15 per diluted common share for the third quarter 2014 and net income of $1.8 million or $0.14 per diluted common share in last year. Net interest income declined $85,000 and the net interest margin decreased 7 basis points to 3.70% in the fourth quarter 2014. The declines are primarily due to lower yields on investment securities and the reversal of accrued interest on nonaccrual loans. The company reported total interest income of $9.8 million compared to $10.4 million, net interest income of $9.7 million compared to $10.0 million, income before provision (benefit) for income taxes of $5.2 million compared to $1.6 million, return on average assets of 1.20% compared to 0.66%, return on average equity of 9.91% compared to 5.87% for the last year. For the year, the company reported net income of $9.4 million or $0.73 per diluted common share compared to net income of $27.7 million or $2.17 per diluted common share for the year ended December 31, 2013. Results for 2013 include a non-cash income tax benefit resulting from the reversal of substantially all of the valuation allowance on the company's net deferred tax asset. Income before provision (benefit) for income taxes was $14.8 million compared to $9.3 million for the year ended December 31, 2013. The company reported total interest income of $39.7 million compared to $42.5 million, net interest income of $39.1 million compared to $40.3 million, return on average assets of 0.85% compared to 2.53%, return on average equity of 7.22% compared to 26.06% for the last year. Book value per common share as on December 31, 2014 was $10.39 compared to $9.68 per share as on December 31, 2013. The company announced net charge-offs were $646,000 (0.33% of average loans, annualized) during the fourth quarter 2014 compared to net recoveries of $270,000 during the third quarter 2014.

 

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PLMT Competitors

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Industry Analysis

PLMT

Industry Average

Valuation PLMT Industry Range
Price/Earnings 23.9x
Price/Sales 4.4x
Price/Book 1.8x
Price/Cash Flow 23.7x
TEV/Sales 2.0x
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