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Last $9.38 USD
Change Today +0.13 / 1.41%
Volume 610.0
As of 11:10 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

southcoast financial corp (SOCB) Snapshot

Open
$9.30
Previous Close
$9.25
Day High
$9.40
Day Low
$9.30
52 Week High
07/30/15 - $9.40
52 Week Low
11/3/14 - $4.92
Market Cap
66.6M
Average Volume 10 Days
6.5K
EPS TTM
$0.58
Shares Outstanding
7.1M
EX-Date
--
P/E TM
16.1x
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.

89 Employees
Last Reported Date: 03/12/15
Founded in 1998

southcoast financial corp (SOCB) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $434.5K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $286.0K
Executive Vice President, Treasurer, Secretar...
Total Annual Compensation: $264.0K
Compensation as of Fiscal Year 2014.

southcoast financial corp (SOCB) Key Developments

Southcoast Financial Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Southcoast Financial Corp. 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 $4,725,000 compared to $4,470,000 a year ago. Net interest income was $3,869,000 compared to $3,573,000 a year ago. Total operating income was $4,423,000 compared to $4,203,000 a year ago. Income before taxes was $4,384,000 compared to $2,076,000 a year ago. Net income was $2,851,000 or $0.40 per basic and diluted share, compared to $1,352,000 or $0.19 per basic and diluted share, a year ago. Return on assets was 0.73% compared to 0.62% a year ago. Return on equity was 7.11% compared to 6.38% a year ago. For the six months, the company reported total interest income of $9,589,000 compared to $9,012,000 a year ago. Net interest income was $7,884,000 compared to $7,203,000 a year ago. Total operating income was $10,619,000 compared to $8,321,000 a year ago. Income before taxes was $1,328,000 compared to $1,088,000 a year ago. Net income was $873,000 or $0.12 per basic and diluted share, compared to $709,000 or $1.14 per basic and diluted share, a year ago. The 2015 results reflect continued improvements in asset quality, deposit mix, and profitability. The increase in net income year over year is primarily due to the $750,000 gain on the sale of land and negative loan loss provision of $900,000 recognized during the first quarter.

Southcoast Financial Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Southcoast Financial Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $1,978,000, or $0.28 per basic and diluted share. This compares to unaudited net income of $643,000, or $0.09 per basic and diluted share, for the quarter ended March 31, 2014. Net interest income totaled $4,015,000, an increase of $385,000 from $3,630,000 for the quarter ended March 31, 2014. Total interest income was $4,864,000 against $4,542,000 a year ago. Total operating income was $6,196,000 against $4,118,000 a year ago. Income before taxes was $3,056,000 against $988,000 a year ago. Return on assets was 1.71% against 0.59% for the same period a year ago. Return on equity was 16.52% against 6.06% for the same period a year ago.

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.

 

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SOCB:US $9.38 USD +0.13

SOCB Competitors

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CommunityOne Bancorp $10.46 USD 0.00
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Seacoast Banking Corp of Florida $15.06 USD +0.05
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Industry Analysis

SOCB

Industry Average

Valuation SOCB Industry Range
Price/Earnings 12.5x
Price/Sales 3.3x
Price/Book 1.3x
Price/Cash Flow 12.5x
TEV/Sales NM Not Meaningful
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