Last $18.86 USD
Change Today -0.13 / -0.68%
Volume 31.7K
HVB On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

hudson valley holding corp (HVB) Snapshot

Open
$19.19
Previous Close
$18.99
Day High
$19.19
Day Low
$18.53
52 Week High
12/24/13 - $21.36
52 Week Low
05/1/13 - $14.87
Market Cap
377.9M
Average Volume 10 Days
22.4K
EPS TTM
$0.62
Shares Outstanding
20.0M
EX-Date
02/5/14
P/E TM
30.4x
Dividend
$0.24
Dividend Yield
1.28%
Current Stock Chart for HUDSON VALLEY HOLDING CORP (HVB)

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hudson valley holding corp (HVB) Details

Hudson Valley Holding Corp. operates as the bank holding company for Hudson Valley Bank, N.A. that provides banking and related services to businesses, professionals, municipalities, not-for-profit organizations, and individuals in New York. The company offers various deposit products, including non-interest bearing demand deposit, checking with interest, money market, and savings accounts, as well as various forms of time deposits. It also provides a range of loans that comprise commercial real estate loans; construction loans secured by land for residential and commercial development; residential real estate loans, including 1-4 family residential mortgages, multi-family residential loans, and home equity line of credit products; commercial business loans, and lines of credit; installment loans and reserve lines of credit; and lease financing principally for office equipment, telephone systems, computer systems, energy saving improvements, and other special use equipment. In addition, the company offers investment management and broker-dealer services. Further, it provides a software application to meet the specific administrative needs of bankruptcy trustees through a marketing and licensing agreement with the application vendor. As of April 2, 2014, it operated 28 branches. Hudson Valley Holding Corp. was founded in 1972 and is headquartered in Yonkers, New York.

401 Employees
Last Reported Date: 03/17/14
Founded in 1972

hudson valley holding corp (HVB) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $505.0K
Executive Chairman and Director of Hudson Ban...
Total Annual Compensation: $313.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $192.0K
Controller and Assistant Treasurer
Total Annual Compensation: $230.3K
Executive Vice President of Commercial Bankin...
Total Annual Compensation: $308.8K
Compensation as of Fiscal Year 2013.

hudson valley holding corp (HVB) Key Developments

Hudson Valley Holding Corp. Announces Change of Independent Registered Public Accounting Firm

On March 25, 2014, the Audit Committee of the Board of Directors of Hudson Valley Holding Corp. notified Crowe Horwath LLP, had been dismissed as the company's independent registered public accounting firm. The Audit Committee of the Board of Directors of the company engaged KPMG LLP to serve as the company's independent registered public accounting firm as of and for the year ended December 31, 2014.

Hudson Valley Holding Corp. Names Matthew A. Lindenbaum to its Board Of Directors

James J. Landy, Executive Chairman of Hudson Valley Holding Corp., has announced that the company has named Matthew A. Lindenbaum, Founder and Principal of Basswood Capital Management, LLC, to the Board of Directors of the company and Hudson Valley Bank, N.A. Mr. Lindenbaum co-founded Basswood Capital Management, an alternative asset management firm with over $1.3 billion of assets under management, in 1998, where he has been co-managing various Basswood strategies and family investments for over 20 years. He is also Founder and Vice Chairman of Community National Bank, an independent commercial bank based in Long Island, NY, opened in 2005.

Hudson Valley Holding Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Net Impairment Loss Recognized in Earnings

Hudson Valley Holding Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported loss before income taxes of $16,607,000, net loss of $8,503,000 or $0.43 diluted loss per share on net interest income of $20,610,000 against income before income taxes of $4,632,000, net income of $3,073,000 or $0.16 diluted per share on net interest income of $22,410,000 for the same period a year ago. Negative return on average equity was 11.9%, negative return on average assets was 1.1% against return on average equity was 4.2%, return on average assets was 0.4% for the same period a year ago. Adjusted net interest earnings was $20,972,000 against $22,849,000 for the same period a year ago. Adjusted interest income was $22,308,000 against $24,384,000 for the same period a year ago. For the year, the company reported loss before income taxes of $3,496,000, net income of $1,130,000 or $0.06 diluted per share on net interest income of $103,329,000 against income before income taxes of $46,126,000, net income of $29,181,000 or $1.49 diluted per share on net interest income of $103,329,000 for the same period a year ago. Return on average equity was 0.4%, return on average assets was 0.0% against return on average equity was 10.0%, return on average assets was 1.0% for the same period a year ago. Book Value Per Share at December 31, 2013 was $14.26 against $14.72 at December 31, 2012. Adjusted net interest earnings was $85,507,000 against $105,271,000 for the same period a year ago. Adjusted interest income was $91,153,000 against $111,994,000 for the same period a year ago. The company reported net impairment loss recognized in earnings was $1,240,000.

 

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HVB:US $18.86 USD -0.13

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Industry Analysis

HVB

Industry Average

Valuation HVB Industry Range
Price/Earnings 100.0x
Price/Sales 3.9x
Price/Book 1.3x
Price/Cash Flow 336.7x
TEV/Sales NM Not Meaningful
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