Last $16.52 USD
Change Today -0.08 / -0.48%
Volume 19.8K
CBNK On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

chicopee bancorp inc (CBNK) Snapshot

Open
$16.83
Previous Close
$16.60
Day High
$16.83
Day Low
$16.40
52 Week High
08/22/13 - $19.72
52 Week Low
05/14/14 - $16.00
Market Cap
89.8M
Average Volume 10 Days
6.6K
EPS TTM
$0.09
Shares Outstanding
5.4M
EX-Date
05/7/14
P/E TM
192.1x
Dividend
$0.28
Dividend Yield
1.45%
Current Stock Chart for CHICOPEE BANCORP INC (CBNK)

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chicopee bancorp inc (CBNK) Details

Chicopee Bancorp, Inc. operates as the holding company for Chicopee Savings Bank that provides various financial products and services to individuals and businesses in Western Massachusetts. The company’s deposit products include non-interest-bearing demand accounts, such as checking accounts; interest-bearing accounts, including NOW and money market deposit accounts; regular savings accounts, such as passbook accounts; and certificates of deposit. Its loan portfolio comprises residential real estate loans; commercial real estate loans; residential and commercial construction loans; commercial and industrial loans; and consumer loans, including second mortgages, home improvement loans, equity loans, automobile loans, and personal loans. In addition, the company offers non-deposit investment products, including mutual funds, retirement accounts, insurance products, and fixed and variable annuities, as well as debt, equity, and government securities. As of March 31, 2013, it operated a main office; a lending and operations center; and eight branch offices located in Chicopee, Ludlow, South Hadley, Ware, and West Springfield. The company was founded in 1845 and is based in Chicopee, Massachusetts.

115 Employees
Last Reported Date: 03/14/14
Founded in 1845

chicopee bancorp inc (CBNK) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $409.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $161.0K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $230.5K
Compensation as of Fiscal Year 2013.

chicopee bancorp inc (CBNK) Key Developments

Chicopee Bancorp, Inc. Provides Earnings Guidance for the Second Quarter and Six Months Ended June 30, 2014

Chicopee Bancorp, Inc. provides earnings guidance for the second quarter and six months ended June 30, 2014. For the quarter, the company expects to record a provision for loan losses of approximately $2.8 million (pre-tax) and $5.0 million (pre-tax) for the three and six months ended June 30, 2014, respectively. As a result, the Company anticipates reporting a loss before taxes of $1.9 million and a net loss of $40,000 after recognizing the income tax benefit for the three months ended June 30, 2014. For the six months ended June 30, 2014, the Company anticipates reporting a loss of $3.4 million before taxes and net loss of $1.4 million after recognizing the income tax benefit. The tax benefit was the result of a change in the effective tax rate, projected loss due to the increase in the provision for loan losses, as well as the benefit of the tax-exempt investment income. The $2.8 million expected provision for loan losses for the three months ended June 30, 2014 is the result of unrelated additional charge-offs for two previously disclosed problem loans and a $1.5 million charge-off related to a $4.7 million commercial real estate developer loan secured by commercial real estate. With regard to the commercial real estate development loan, the $1.5 million charge-off reflects the decline in the fair value of the collateral securing the loan resulting from an updated independent appraisal.

Chicopee Bancorp, Inc. and Chicopee Savings Bank Announce Resignation Douglas K. Engebretson from Board of Directors

On June 12, 2014, Douglas K. Engebretson notified Chicopee Bancorp, Inc. of his resignation from the Board of Directors of the company and the company’s wholly-owned subsidiary, Chicopee Savings Bank, effective June 14, 2014.

Chicopee Bancorp, Inc. Declares Dividend, Payable on or About May 21, 2014

Chicopee Bancorp, Inc. announced that its Board of Directors declared a cash dividend of $0.07 per share of its common stock to stockholders of record as of the close of business on May 9, 2014, payable on or about May 21, 2014.

 

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Industry Analysis

CBNK

Industry Average

Valuation CBNK Industry Range
Price/Earnings 100.0x
Price/Sales 4.5x
Price/Book 0.9x
Price/Cash Flow 226.3x
TEV/Sales NM Not Meaningful
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