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Last $1.82 USD
Change Today 0.00 / 0.00%
Volume 14.0K
As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

641 Lynnhaven Parkway

Virginia Beach, VA 23452

United States

Phone: 757-217-1000

Fax:

Hampton Roads Bankshares, Inc. operates as the holding company for Bank of Hampton Roads (BOHR) and Shore Bank (Shore) that engage in a general community and commercial banking business, targeting the needs of individuals and small—to medium-sized businesses. The company’s primary products are traditional loan and deposit banking services. It offers a range of interest-bearing and noninterest-bearing deposit accounts, including commercial and retail checking accounts, negotiable order of withdrawal accounts, savings accounts, and individual retirement accounts, as well as certificates of deposit with a range of maturity date options. The primary sources of deposits are small- and medium-sized businesses and individuals within the company’s target markets. The company offers a range of commercial, real estate, and consumer loans. Its loan portfolio consists of the following categories: commercial and industrial, construction, real estate-commercial mortgage, real estate-residential mortgage, and installment. Commercial and industrial loans are loans to businesses that are typically not collateralized by real estate. The purpose of commercial and industrial loans is for the financing of accounts receivable, inventory, or equipment and machinery. Construction loans are made to individuals and businesses for the purpose of construction of single family residential properties, multi-family properties, and commercial projects, as well as the development of residential neighborhoods and commercial office parks. Its residential mortgage portfolio includes first and junior lien mortgage loans, home equity lines of credit, and other term loans secured by first and junior lien mortgages. Installment loans are made on a regular basis for personal, family, and general household purposes. More specifically, the company makes automobile loans, home improvement loans, loans for vacations, and debt consolidation loans. The company offers other banking-related specialized products and services to its customers, such as travelers’ checks, coin counters, wire services, online banking, and safe deposit box services. Additionally, it offers its commercial customers various cash management products, including remote deposit. Remote deposit capture allows the company’s customers to make check deposits conveniently from their office with a small desktop scanner for faster funds availability and to begin earning interest sooner. The company’s merchant services offers a suite of payment processing solutions tailored to retailers and other specific industries allowing processing of all major credit cards 24 hours a day 365 days a year The company issues letters of credit and standby letters of credit, most of which are related to real estate construction loans, for some of its commercial customers. It also facilitates the use of back-to-back swaps to help it and its customers manage interest rate risk. Lending Activities The company offers a range of commercial, real estate, and consumer loans. Its loan portfolio includes various categories, such as commercial and industrial, construction, real estate-commercial mortgage, real estate-residential mortgage, and installment. The purpose of commercial and industrial loans is for the financing of accounts receivable, inventory, or equipment and machinery. Construction loans are made to individuals and businesses for the purpose of construction of single family residential properties, multi-family properties, and commercial projects, as well as the development of residential neighborhoods and commercial office parks. Commercial mortgage loans are made for the purchase and re-financing of owner occupied commercial properties, as well as non-owner occupied income producing properties. The company’s residential mortgage portfolio includes first and junior lien mortgage loans, home equity lines of credit, and other term loans secured by first and junior lien mortgages. Installment loans are made on a regular basis for personal, family, and general household purposes. It makes automobile loans, home improvement loans, loans for vacations, and debt consolidation loans. Additional Services

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HMPR Competitors

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BBX Capital Corp $16.70 USD -0.60
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Industry Analysis

HMPR

Industry Average

Valuation HMPR Industry Range
Price/Earnings 33.5x
Price/Sales 3.7x
Price/Book 1.6x
Price/Cash Flow 33.3x
TEV/Sales 0.4x
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