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Last $10.50 USD
Change Today 0.00 / 0.00%
Volume 0.0
RWCB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

redwood capital bancorp (RWCB) Snapshot

Open
$10.50
Previous Close
$10.50
Day High
$10.50
Day Low
$10.50
52 Week High
05/15/15 - $12.00
52 Week Low
09/3/14 - $8.83
Market Cap
18.7M
Average Volume 10 Days
65.8
EPS TTM
$1.12
Shares Outstanding
1.8M
EX-Date
07/23/15
P/E TM
9.4x
Dividend
$0.24
Dividend Yield
2.29%
Current Stock Chart for REDWOOD CAPITAL BANCORP (RWCB)

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redwood capital bancorp (RWCB) Details

Redwood Capital Bancorp operates as the bank holding company for Redwood Capital Bank that provides various banking products and services in California. The company offers checking accounts, savings accounts, certificates of deposit, and money market accounts. It also provides commercial real estate, construction, single family residential, agricultural land, commercial, consumer, residential real estate, installment, and other loans; home equity lines of credit; agricultural loans/lines; real estate purchase; term loans for machinery and equipment; and lines of credit for working capital. In addition, the company offers debit cards and online banking services. Redwood Capital Bancorp offers its products and services through its branches located in Eureka, Fortuna, and Arcata. The company is headquartered in Eureka, California.

redwood capital bancorp (RWCB) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

redwood capital bancorp (RWCB) Key Developments

Redwood Capital Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Declares Quarterly Cash Dividend, Payable on August 7, 2015

Redwood Capital Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, interest income was $2,896,000 against $2,583,000 for the same period of last year. Net Interest Income was $2,722,000 against $2,432,000 for the same period of last year. Income before taxes was $924,000 against $711,000 for the same period of last year. Earnings per diluted share was $0.30 for the same period of last year. Book value per common share was $9.77 against $8.93 for the same period of last year. The company also reported record net income after taxes and provision expenses in the second quarter of 2015 of $572,000, up 28% reported for the three months ended March 31, 2015 and up 27% from the $450,000 reported for the second quarter of 2014. The increase was primarily attributed to strong loan growth, increased Fannie Mae loan originations, strong cost control, and improving overall credit quality. announced that the Board of Directors declared a quarterly cash dividend of $0.06 per share, payable on August 7, 2015, to shareholders of record at the close of business on July 27, 2015.

Redwood Capital Bancorp Declares Quarterly Cash Dividend, Payable on May 8, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

The Board of Directors of Redwood Capital Bancorp declared a quarterly cash dividend of $0.06 per share, payable on May 8, 2015, to shareholders of record at the close of business on April 27, 2015. The dividend is equivalent to an annual rate of $0.24 per share or 2.19%, based upon a market price of $10.95 per common share. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net interest income for the first quarter ended March 31, 2015 totaled $2,630,000, up 15% from the $2,284,000 reported for the three months ended March 2014. The company reported record net income before taxes in the first quarter of 2015 of $639,000, up a solid 6% from the $601,000 reported for the first quarter of 2014. The increase was primarily attributed to record loan growth, exceptional credit quality, and strong cost controls. Interest income was $2,795,000 against $2,442,000 a year ago. Net income was $448,000 or $0.24 per diluted share against $481,000 or $0.26 per diluted share a year ago. Book value per common share was $9.69 against $8.61 a year ago.

Redwood Capital Bancorp, Annual General Meeting, May 20, 2015

Redwood Capital Bancorp, Annual General Meeting, May 20, 2015., at 18:00 Pacific Standard Time. Location: Wharfinger Building.

 

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RWCB

Industry Average

Valuation RWCB Industry Range
Price/Earnings 9.6x
Price/Sales 1.8x
Price/Book -- Not Meaningful
Price/Cash Flow 8.4x
TEV/Sales -- Not Meaningful
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