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As of 8:10 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

hampden bancorp inc (HBNK) Key Developments

Hampden Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Ended June 30, 2014; Declares Quarterly Cash Dividend Payable on August 29, 2014

Hampden Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full ended June 30, 2014. Net income for the three months ended June 30, 2014 increased 104.9% to $1.3 million, or $0.23 per diluted share, as compared to $618,000, or $0.11 per diluted share, for the same period in 2013. Net interest income increased $438,000, or 9.2% to $5.2 million compared to $4.8 million reported in the three months ended June 30, 2013. Interest and dividend income, including fees increased $407,000, or 6.7% to $6.5 million compared to $6.1 million reported in the same period last year mainly due to a $348,000, or 6.4%, increase in loan interest income due to an increase in average balances. The company's book value per share as of June 30, 2014 increased to $15.43 compared to $14.86 at June 30, 2013. Income before income taxes was $2 million against $1 million reported last year. Return on average assets (ratio of net income to average total assets) was 0.71% against 0.38% and core return on average assets was 0.71% against 0.38% reported last year. Return on average equity (ratio of net income to average equity) was 5.84% against 2.85% and core return on average equity was 5.84% against 2.85% reported last year. Core diluted earnings per share was $0.23 against $0.11 reported last year. Net income for the twelve months ended June 30, 2014 increased $1.5 million, or 51.8%, to $4.5 million, or $0.83 per diluted share, as compared to $3.0 million, or $0.54 per diluted share, for the same period in 2013. Core net income for the year increased to $4.8 million, or $0.88 per diluted share, as compared to $3.0 million, or $0.54 per diluted share, for the same period in 2013. Net interest income increased by $1.5 million, or 7.8% to $20.3 million compared to $18.9 million reported in the twelve months ended June 30, 2013. Interest and dividend income, including fees increased $1.2 million, or 4.8% to $25.5 million compared to $24.3 million the same period last year, mainly due to a $1.1 million increase in loan interest income due to an increase in average balances. Income before income taxes was $7.1 million against $4.75 million reported last year. Return on average assets (ratio of net income to average total assets) was 0.65% against 0.46% and core return on average assets was 0.69% against 0.46% reported last year. Return on average equity (ratio of net income to average equity) was 5.30% against 3.41% and core return on average equity was 5.61% against 3.41% reported last year. Hampden Bancorp, Inc. declared $0.02, or 33%, increase in the quarterly cash dividend to $0.08 per common share, payable on August 29, 2014, to shareholders of record at the close of business on August 15, 2014.

Hampden Bancorp, Inc. and Hampden Bank Announces Management Changes

The Board of Directors of Hampden Bancorp, Inc. and Hampden Bank unanimously elected Robert A. Massey, 63, the Company's current Chief Financial Officer and Treasurer, as Chief Operating Officer of the Company and the Bank effective as of July 1, 2014. Mr. Massey has served in numerous leadership positions within the Bank since 1991 and with the Company since 2007. The Board of Directors of the Company and the Bank unanimously elected Tara G. Corthell, 34, the Company's current Senior Vice President and Director of Finance, as Chief Financial Officer and Treasurer of the Company and the Bank effective as of July 1, 2014. Ms. Corthell has served in numerous leadership positions within the Bank and Company since 2006, most recently being appointed as Senior Vice President and Director of Finance of the Company and Bank in 2013.

Hampden Bancorp, Inc. Declares Cash Dividend Payable on May 30, 2014

Hampden Bancorp, Inc. declared a quarterly cash dividend of $0.06 per common share, payable on May 30, 2014, to shareholders of record at the close of business on May 16, 2014.

Hampden Bancorp, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

Hampden Bancorp, Inc. reported unaudited earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported net income of $1,021,000 or $0.19 per basic and diluted share on net interest income of $5,142,000 against net income of $825,000 or $0.15 per basic and diluted share on net interest income of $4,578,000 a year ago. Income before income tax expense was $1,596,000 compared to $1,310,000 a year ago. Return on average assets was 0.58% compared to 0.51% a year ago. Return on average equity was 4.76% compared to 3.80% a year ago. For nine months, the company reported net income of $3,249,000 or $0.60 per diluted share on net interest income of $15,127,000 against net income of $2,356,000 or $0.42 per diluted share on net interest income of $14,086,000 a year ago. Income before income tax expense was $5,080,000 compared to $3,786,000 a year ago. Return on average assets was 0.63% compared to 0.49% a year ago. Return on average equity was 5.53% compared to 3.59% a year ago.

Hampden Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on February 28, 2014

Hampden Bancorp, Inc.'s Board of Directors declared a quarterly cash dividend of $0.06 per common share, payable on February 28, 2014, to stockholders of record at the close of business on February 14, 2014.

 

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Valuation HBNK Industry Range
Price/Earnings 20.2x
Price/Sales 3.8x
Price/Book 1.0x
Price/Cash Flow 21.1x
TEV/Sales -- Not Meaningful
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