Last $19.90 USD
Change Today 0.00 / 0.00%
Volume 200.0
NWYF On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

northway financial inc (NWYF) Snapshot

Open
$19.95
Previous Close
$19.90
Day High
$19.95
Day Low
$19.90
52 Week High
09/23/14 - $20.99
52 Week Low
10/28/13 - $16.00
Market Cap
54.8M
Average Volume 10 Days
459.5
EPS TTM
$2.36
Shares Outstanding
2.8M
EX-Date
08/14/14
P/E TM
8.4x
Dividend
$0.64
Dividend Yield
3.22%
Current Stock Chart for NORTHWAY FINANCIAL INC (NWYF)

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northway financial inc (NWYF) Details

Northway Financial Inc. operates as a bank holding company for Northway Bank that provides banking products and services to individuals, businesses, and public sector enterprises. It offers checking and savings accounts, and certificates of deposit; loans, mortgages, and credit solutions; cash management and investment services; and online and mobile banking services. It also provides specialized services, such as ownership transition, municipal financing, hospitality lending, and employee and business owner services. Northway Financial Inc. was incorporated in 1997 and is headquartered in North Conway, New Hampshire.

northway financial inc (NWYF) Top Compensated Officers

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Executives, Board Directors

northway financial inc (NWYF) Key Developments

Northway Financial, Inc. Declares Semi-Annual Cash Dividend, Payable on August 25, 2014

Northway Financial Inc. announced that the Board of Directors declared a semi-annual common stock cash dividend of $0.32 per share, payable on August 25, 2014, to stockholders of record on August 18, 2014. The payment of this dividend results in a 28% payout ratio based on net income available to common stockholders.

Northway Financial Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Northway Financial Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income available to common stockholders was $1,858,000, or $0.68 per common share compared to $1,600,000, or $0.60 per common share, for the same period last year. Interest and dividend income was $8,655,000 against $8,003,000 a year ago. Net interest and dividend income was $7,375,000 against $6,457,000 a year ago. Net income before taxes was $2,618,000 against $2,280,000 a year ago. For the six months, the company recorded net income available to common stockholders was $3,098,000, or $1.13 per common share, compared to $3,548,000, or $1.34 per common share, for the same period last year. Interest and dividend income was $24,388,000 against $24,352,000 a year ago. Net interest and dividend income was $17,141,000 against $15,811,000 a year ago. Net income before taxes was $4,259,000 against $5,052,000 a year ago. Book value per share of common shares outstanding was $23.53 against $20.07 a year ago. Returns on average assets and average equity for this period were 0.71% and 7.64%, respectively, compared to 0.86% and 9.08% for the same period last year. Tangible book value per common share was $19.32 against $15.79 a year ago.

Northway Financial Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014

Northway Financial Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2014. The company recorded net income of $1,307,000 for the quarter ended March 31, 2014 compared to $2,028,000 for the same period in 2013. For the quarter ended March 31, 2014, $1,240,000, or $0.45 per common share, was available to common stockholders compared to $1,948,000, or $0.74 per common share, for the same period last year. Net income before taxes was $1,641,000 for the quarter ended March 31, 2014 compared to $2,772,000 for the same period in 2013. Net interest and dividend income for the quarter ended March 31, 2014 increased $611,000 to $7,148,000 compared to $6,537,000 for the same period last year. Stockholders' equity available to common stockholders totaled $60,903,000, resulting in a book value per common share of $22.13 per share at March 31, 2014, based on 2,751,650 shares of common stock outstanding, an increase of $0.05 per share, from March 31, 2013. Tangible book value per common share increased $0.25, or 1.4%, to $17.89 at March 31, 2014, compared to $17.64 at March 31, 2013. The result of the first quarter of 2013 included securities gains of $1,616,000, compared to $428,000 for the first quarter of 2014. The company's returns on average assets and average equity for the quarter ended March 31, 2014 were 0.58% and 6.31%, respectively, compared to 0.96% and 10.06% for the same period last year. Core earnings comprise 71.8% of net income for the quarter ended March 31, 2014, compared to 43.4% for the same period last year. Core earnings exclude non-recurring items such as gains on sales of investment securities and represent earnings generated from principal banking activities. Interest income has increased $678,000 over last year due primarily to the increase in the loan portfolio. Further, the provision for loan losses has decreased $515,000 as many of problem credits have been resolved. Overall, net income has decreased due primarily to a decrease in gains on sales of investments and loans of $1,188,000 and $477,000, respectively.

 

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Industry Average

Valuation NWYF Industry Range
Price/Earnings 8.5x
Price/Sales 1.5x
Price/Book 0.6x
Price/Cash Flow 8.1x
TEV/Sales NM Not Meaningful
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