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Last $1.57 USD
Change Today -0.06 / -3.68%
Volume 125.3K
HMPR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 02/12/16 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. 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. The company makes automobile loans, marine 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, the company offers its commercial customers various cash management products, including remote deposit. Remote Deposit Capture allows its 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. 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. Gateway Bank Mortgage, Inc. comprises the company’s Mortgage segment and provides mortgage banking services, such as originating and processing mortgage loans for sale to the secondary market. Through an arrangement with an unaffiliated broker-dealer, the company provides its customers access to securities, brokerage, and investment advisory services. The company offers telephone, Internet, and mobile banking to its customers. These services allow both commercial and retail customers to access detailed account information and execute various banking transactions, including balance transfers and bill payment, by means other than a traditional teller or automated teller machine (ATM). Throughout its markets, the company has a network of 38 ATMs, which are also accessible by the customers of its subsidiary banks. Markets The company’s market area includes the Hampton Roads region of southeastern Virginia, the Northeastern and Research Triangle regions of North Carolina, the Eastern Shore of Virginia, Maryland, and Delaware, the Baltimore region of Maryland, and Richmond, Virginia. Government Supervision and Regulation As a bank holding company, the company is subject to regulation under the Bank Holding Company Act of 1956, as amended, and the examination and reporting requirements of the Board of Governors of the Federal Reserve System (the Federal Reserve). As Virginia state-chartered banks, BOHR and Shore are primarily subject to regulation, supervision, and examination by the Bureau of Financial Institutions. In addition, the company is regulated and supervised by the Federal Reserve through the Federal Reserve Bank of Richmond. The deposits of the company’s bank subsidiaries are insured by the Federal Deposit Insurance Corporation up to the limits set forth under applicable law and are subject to the deposit insurance assessments of the Deposit Insurance Fund of the Federal Deposit Insurance Corporation. History Hampton Roads Bankshares, Inc., a Virginia corporation, incorporated under the laws of the Commonwealth of Virginia in 2001.

 

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Industry Analysis

HMPR

Industry Average

Valuation HMPR Industry Range
Price/Earnings 50.4x
Price/Sales 3.0x
Price/Book 1.3x
Price/Cash Flow 50.1x
TEV/Sales 1.5x
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