Last $1.67 USD
Change Today -0.06 / -3.47%
Volume 106.8K
HMPR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

hampton roads bankshares inc (HMPR) Snapshot

Open
$1.72
Previous Close
$1.73
Day High
$1.72
Day Low
$1.62
52 Week High
01/7/14 - $1.92
52 Week Low
02/5/14 - $1.43
Market Cap
284.4M
Average Volume 10 Days
34.6K
EPS TTM
$0.03
Shares Outstanding
170.3M
EX-Date
07/30/09
P/E TM
63.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for HAMPTON ROADS BANKSHARES INC (HMPR)

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hampton roads bankshares inc (HMPR) Details

Hampton Roads Bankshares, Inc. operates as the bank holding company for Bank of Hampton Roads (BOHR) and Shore Bank that provides community and commercial banking services primarily to individuals and small to medium-sized businesses. The company also offers 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. Its loan portfolio comprises commercial and industrial, construction, real estate-commercial mortgage, real estate-residential mortgage, and installment loans. In addition, the company offers travelers’ checks, coin counters, wire services, and safe deposit box services; cash management products, including remote deposit capture; and letters of credit and standby letters of credit to commercial customers. Further, it provides securities, brokerage, and investment advisory services; and wealth management products, such as stocks, bonds, annuities, mutual funds, financial consultations, and insurances products, as well as originates and process mortgage loans. The company operates approximately 33 branches, as well as a network of 37 ATMs. It has operations in Virginia and North Carolina; and the Eastern Shore of Virginia, eastern Maryland, and southern Delaware. The company was founded in 1961 and is headquartered in Virginia Beach, Virginia.

513 Employees
Last Reported Date: 03/26/14
Founded in 1961

hampton roads bankshares inc (HMPR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $550.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $224.1K
President of Bank of Hampton Roads
Total Annual Compensation: $372.5K
Compensation as of Fiscal Year 2013.

hampton roads bankshares inc (HMPR) Key Developments

Hampton Roads Bankshares, Inc. Announces Resolution of SEC Investigation

Hampton Roads Bankshares Inc. announced that it has reached a settlement with the U.S. Securities and Exchange Commission (SEC) regarding the SEC's investigation of the company's accounting treatment of its deferred tax asset (DTA) and allowance for loan losses in 2009 and 2010. Under the settlement between the company and the SEC, the company has consented to the terms of an administrative cease-and-desist order relating solely to the DTA without admitting or denying the SEC's findings and has agreed to pay a civil penalty of $200,000. The investigation resolved was originally disclosed in November, 2010 and the accounting at issue was corrected in August, 2010, prior to the company's recapitalization and senior management transition.

Hampton Roads Bankshares Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Ended September 30, 2014; Announces Charge-Offs

Hampton Roads Bankshares Inc. announced unaudited earnings results for the third quarter and nine ended September 30, 2014. For the quarter, the company's total interest income was $18,343,000 compared to $19,024,000 a year ago. Net interest income was $15,172,000 compared to $15,800,000 a year ago. Net interest income after provision for loan losses was $15,156,000 compared to $15,800,000 a year ago. Income before provision for income taxes was $2,141,000 compared to $2,912,000 a year ago. Net income was $2,186,000 compared to $2,890,000 a year ago. Net income attributable to the company was $1,996,000 or $0.01 per basic and diluted share compared to $2,804,000 or $0.02 per basic and diluted share a year ago. Return on average equity - tangible was 4.10% compared to 6.20% a year ago. Return on average assets was 0.40% compared to 0.56% a year ago. Return on average equity was 4.07% compared to 6.15% a year ago. For the nine months, the company's total interest income was $54,235,000 compared to $58,143,000 a year ago. Net interest income was $45,164,000 compared to $47,825,000 a year ago. Net interest income after provision for loan losses was $45,048,000 compared to $46,825,000 a year ago. Income before provision for income taxes was $8,627,000 compared to $5,324,000 a year ago. Net income was $8,628,000 compared to $5,167,000 a year ago. Net income attributable to the company was $8,331,000 or $0.05 per basic and diluted share compared to $3,525,000 or $0.02 per basic and diluted share a year ago. Return on average equity - tangible was 5.87% compared to 2.57% a year ago. Return on average assets was 0.57% compared to 0.23% a year ago. Return on average equity was 5.83% compared to 2.55% a year ago. The decrease for the nine months ended September 30, 2014 was due primarily to the decrease in average interest-earning assets, and a decline in net interest margin, whereas the decrease for the three months ended September 30, 2014 was due primarily to a decline in net interest margin. For the quarter, the company announced charge-offs of $2,573,000 compared to $2,443,000 a year ago.

John F. Marshall, Jr. Joins Hampton Roads Bankshares, Inc. as Executive Vice-President and Chief Risk Officer

Hampton Roads Bankshares Inc. announced that John F. Marshall, Jr. has joined the company as Executive Vice-President and Chief Risk Officer. Marshall succeeds Robert J. Bloxom who retired from the company as of September 30, 2014. Marshall has over 27 years of banking experience, the majority of which has been in risk and credit management. Marshall was most recently the Chief Credit Officer of Evans Bank in Buffalo.

 

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Industry Analysis

HMPR

Industry Average

Valuation HMPR Industry Range
Price/Earnings 33.3x
Price/Sales 3.5x
Price/Book 1.5x
Price/Cash Flow 33.2x
TEV/Sales NM Not Meaningful
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