Last $7.42 USD
Change Today -0.0616 / -0.82%
Volume 459.0
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

southcoast financial corp (SOCB) Snapshot

Open
$7.50
Previous Close
$7.48
Day High
$7.50
Day Low
$7.42
52 Week High
01/28/15 - $7.75
52 Week Low
11/3/14 - $4.92
Market Cap
52.6M
Average Volume 10 Days
5.9K
EPS TTM
$0.53
Shares Outstanding
7.1M
EX-Date
--
P/E TM
14.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for SOUTHCOAST FINANCIAL CORP (SOCB)

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southcoast financial corp (SOCB) Details

Southcoast Financial Corporation operates as the holding company for Southcoast Community Bank that provides commercial banking services in South Carolina. The company offers deposit services, which comprise business and personal checking accounts, NOW accounts, savings accounts, money market accounts, various term certificates of deposit, IRA accounts, and other deposit services. It also provides secured and unsecured short-to-intermediate term loans for commercial, consumer, and residential purposes; consumer loans, such as car loans, home equity improvement loans secured by first and second mortgages, personal expenditure loans, education loans, and overdraft lines of credit; and commercial loans for businesses to provide working capital, expand physical assets, or acquire assets. In addition, the company offers loans secured by real estate mortgages for the acquisition, improvement or construction, and development of residential and other properties; residential real estate loans; non-farm and non-residential loans; commercial real estate loans; real estate construction loans; and land development loans. Further, it provides residential mortgage loan origination services, safe deposit boxes, business courier services, night depository services, electronic banking, MasterCard brand credit cards, tax deposits, and automated teller machine services. The company operates offices in Mt. Pleasant, Charleston, Moncks Corner, Johns Island, Summerville, Goose Creek, and North Charleston, South Carolina. Southcoast Financial Corporation was founded in 1998 and is headquartered in Mt. Pleasant, South Carolina.

southcoast financial corp (SOCB) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $395.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $260.0K
Executive Vice President, Treasurer, Secretar...
Total Annual Compensation: $240.0K
Compensation as of Fiscal Year 2013.

southcoast financial corp (SOCB) Key Developments

Southcoast Financial Corp. Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

Southcoast Financial Corp. announced unaudited consolidated earnings results for the year ended December 31, 2014. For the year, net interest income was $14,600,000 against $13,703,000 a year ago. Income before taxes was $5,342,000 against $2,475,000 a year ago. Net income was $3,737,000 against $9,065,000 a year ago. Basic and diluted net income per share was $0.53 against $1.28 a year ago. Book value per share was $6.67 against $6.01 a year ago. Return on assets was 0.83% against 2.09% a year ago. Return on equity was 8.32% against 23.60% a year ago.

Southcoast Financial Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Southcoast Financial Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter ended September 30, 2014, the unaudited net income was $1,033,000, or $0.15 per basic and diluted share. This compares to an unaudited net income of $694,000, or $0.10 per basic and diluted share for the quarter ended September 30, 2013. The company recorded pretax income of $1,430,000 and $694,000 for the quarters ended September 30, 2014 and September 30, 2013, respectively. The pretax results for the quarter ended September 30, 2014 included $455,000 of nonrecurring income related to the liquidation of an insurance policy as well as gains on the sale of other real estate owned. Net interest income was $3,655,000 against $3,484,000 a year ago. Return on assets was 0.90% against 0.64% a year ago. Return on equity was 7.32% against 7.22% a year ago. The company reported unaudited net income of $2,385,000, or $0.34 per basic and diluted share, for the nine months ended September 30, 2014. This compares to unaudited net income of $8,735,000, or $1.23 per basic and diluted share, for the nine months ended September 30, 2013. The difference in net income between the two periods primarily relates to the one-time tax benefit of $6.4 million derived from the recapture of the company's deferred tax asset during the nine months ended September 30, 2013. Income before income taxes increased by 47.8% to $3,506,000 in 2014 from $2,372,000 in 2013. The 2014 pretax results were influenced by a growth in loan interest income, reduced funding costs and reductions in noninterest expenses. For the nine months ended September 30, 2014, net interest income totaled $10,858,000, an increase of $468,000 from $10,390,000 for the nine months ended September 30, 2013. Book value per share was $6.44.

Southcoast Financial Corp. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014

Southcoast Financial Corp. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014 . Venue: Four Seasons, Atlanta, Georgia, United States.

 

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Industry Analysis

SOCB

Industry Average

Valuation SOCB Industry Range
Price/Earnings 14.1x
Price/Sales 3.0x
Price/Book 1.1x
Price/Cash Flow 14.1x
TEV/Sales NM Not Meaningful
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