Last $19.25 USD
Change Today -0.12 / -0.62%
Volume 5.1K
CNBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 12:44 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

center bancorp inc (CNBC) Snapshot

Open
$19.39
Previous Close
$19.37
Day High
$19.40
Day Low
$19.24
52 Week High
04/21/14 - $21.27
52 Week Low
04/29/13 - $11.61
Market Cap
315.1M
Average Volume 10 Days
43.8K
EPS TTM
$1.21
Shares Outstanding
16.4M
EX-Date
04/9/14
P/E TM
15.9x
Dividend
$0.30
Dividend Yield
1.56%
Current Stock Chart for CENTER BANCORP INC (CNBC)

center bancorp inc (CNBC) Related Bloomberg News

View More Bloomberg News

center bancorp inc (CNBC) Related Businessweek News

No Related Businessweek News Found

center bancorp inc (CNBC) Details

Center Bancorp, Inc. operates as the bank holding company for Union Center National Bank, that provides various banking services to commercial, industrial, and governmental customers in New Jersey. It accepts demand deposits, savings accounts, and time deposits; and offers interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, certificates of deposit, and IRA accounts, as well as safe deposit boxes, Christmas club accounts, vacation club accounts, money orders, and travelers’ checks. The company also provides secured and unsecured loans, mortgage loans, home equity lines of credit, short and medium term loans, lines of credit, letters of credit, working capital loans, and real estate construction loans, as well as collection services, wire transfers, night depository, and lock box services. In addition, it offers various money market services, as well as deals in U.S. Treasury and U.S. Governmental agency securities, certificates of deposit, commercial papers, and repurchase agreements Further, the company, through its subsidiary, Center Financial Group LLC, provides financial services, including brokerage services, insurance and annuities, mutual funds, and financial planning. The company was founded in 1982 and is headquartered in Union, New Jersey. The company operates 15 banking locations in Bergen, Morris, and Union Counties in New Jersey.

166 Employees
Last Reported Date: 04/14/14
Founded in 1982

center bancorp inc (CNBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $366.3K
Chief Operating Officer, Vice President, Chie...
Total Annual Compensation: $191.4K
Vice President, Senior Vice President of Unio...
Total Annual Compensation: $175.6K
Compensation as of Fiscal Year 2012.

center bancorp inc (CNBC) Key Developments

Center Bancorp, Inc. Declares Quarterly Dividend, Payable on May 1, 2014

Center Bancorp, Inc. announced that the Board of Directors declared a quarterly cash dividend of $0.075 per share at its Board meeting March 25, 2014. This dividend declared is for the quarter ending March 31, 2014. The dividend will be distributed on May 1, 2014, to all shareholders of record on April 11, 2014.

Center Bancorp, Inc., ConnectOne Bancorp, Inc. - M&A Call

To discuss the transaction of merger agreement between Center Bancorp, Inc. and ConnectOne Bancorp, Inc

Center Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Reports Net Charge-Off for the Fourth Quarter Ended December 31, 2013

Center Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported total interest income of $14,644,000 against $14,263,000 a year ago. Net interest income was $11,866,000 against $11,422,000 a year ago. Income before income tax expense was $6,813,000 against $6,145,000 a year ago. Net income available to common stockholders was $4,955,000 or $0.30 per basic and diluted share against $4,441,000 or $0.27 per basic and diluted share a year ago. Return on average assets (annualized) was 1.20% against 1.11% a year ago. Return on average equity (annualized) was 11.85% against 11.17% a year ago. Return on average tangible equity was 13.16% against 12.49% a year ago. Book value per common share as at December 31, 2013 was $9.61 against $9.14 per share as at December 31, 2012. Tangible book value per common share as at December 31, 2013 was $8.58 against $8.11 per share as at December 31, 2012. For the year, the company reported total interest income of $57,268,000 against $55,272,000 a year ago. Net interest income was $46,186,000 against $43,496,000 a year ago. Income before income tax expense was $27,409,000 against $25,184,000 a year ago. Net income available to common stockholders was $19,784,000 or $1.21 per basic and diluted share against $17,226,000 or $1.05 per basic and diluted share a year ago. Net charge-offs for the fourth quarter ended December 31, 2013 were $211,000, compared to $103,000 for the last year.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CNBC:US $19.25 USD -0.12

CNBC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Charter Financial Corp/MD $10.98 USD +0.22
Clifton Bancorp Inc $11.82 USD -0.0375
ESB Financial Corp $13.16 USD -0.12
OceanFirst Financial Corp $17.19 USD -0.23
First of Long Island Corp/The $38.96 USD -0.04
View Industry Companies
 

Industry Analysis

CNBC

Industry Average

Valuation CNBC Industry Range
Price/Earnings 16.0x
Price/Sales 6.0x
Price/Book 2.0x
Price/Cash Flow 15.9x
TEV/Sales 1.4x
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CENTER BANCORP INC, please visit www.centerbancorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.