Last $6.86 USD
Change Today 0.00 / 0.00%
Volume 0.0
PFLC On Other Exchanges
Symbol
Exchange
OTC US
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

pacific financial corp (PFLC) Snapshot

Open
$6.85
Previous Close
$6.86
Day High
$6.86
Day Low
$6.85
52 Week High
12/15/14 - $6.90
52 Week Low
10/15/14 - $6.05
Market Cap
71.1M
Average Volume 10 Days
1.5K
EPS TTM
$0.45
Shares Outstanding
10.4M
EX-Date
12/30/14
P/E TM
15.2x
Dividend
$0.21
Dividend Yield
2.92%
Current Stock Chart for PACIFIC FINANCIAL CORP (PFLC)

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pacific financial corp (PFLC) Details

Pacific Financial Corporation operates as the holding company for Bank of the Pacific that provides banking products and services to small to medium-sized businesses and professionals in the coastal region of western Washington. The company generates various deposit products, including non-interest bearing checking accounts, interest-bearing checking and savings accounts, money market accounts, and certificates of deposits. Its loan portfolio includes commercial and agricultural loans, such as secured revolving operating lines of credit, equipment financing, accounts receivable and inventory financing, and business term loans; commercial real estate and multifamily loans; single-family residential construction loans; single-family residential real estate loans; residential mortgage loans; and consumer installment loans and other loans, which comprise new and used auto loans, boat loans, and personal lines of credit. The company also offers services, including sweep accounts, wire services, safety deposit boxes, online banking, mobile banking, cash management, and other treasury management services, as well as provides trust preferred securities. As of June 30, 2014, it operated 16 branches in the communities of Grays Harbor, Pacific, Whatcom, Skagit, and Wahkiakum counties in the state of Washington; and 3 branches in Clatsop County, Oregon, as well as 3 loan production offices in the communities of Vancouver, DuPont, and Burlington in Washington. The company was founded in 1978 and is headquartered in Aberdeen, Washington.

234 Employees
Last Reported Date: 03/21/14
Founded in 1978

pacific financial corp (PFLC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $288.1K
Corporate Secretary, Director, Chief Executiv...
Total Annual Compensation: $167.9K
Chief Credit Officer of Bank of The Pacific a...
Total Annual Compensation: $170.0K
Compensation as of Fiscal Year 2013.

pacific financial corp (PFLC) Key Developments

Dennis A. Long Retires as President and Chief Executive Officer of Pacific Financial Corporation, Effective June 1, 2015; Declares Cash Dividend, Payable on January 15, 2015

On December 17, 2014, Dennis A. Long, President and Chief Executive Officer of Pacific Financial Corporation notified the company of his decision to retire from the company, effective June 1, 2015. While a successor has not been appointed at this time, the company does have a succession plan to ensure there is no business interruption created by any executive departure. On December 19, 2014, the company announced that its board of directors declared a cash dividend in the amount of $0.21 per share to all shareholders of record as of January 2, 2015, payable on January 15, 2015.

Pacific Financial Corp. Declares Annual Cash Dividend, Payable on January 10, 2015

Pacific Financial Corp. announced that its Board of Directors increased the annual cash dividend to $0.21 per share, to holders of common stock. The dividend will be payable on January 10, 2015, to shareholders of record on December 31, 2014.

Pacific Financial Corp. Reports Unaudited Earnings Results for the Third Quarter and Year to Date of 2014; Reports Net Charge Offs for the Third Quarter of 2014

Pacific Financial Corp. reported unaudited earnings results for the third quarter and year to date of 2014. For the quarter, the company reported net profits increased 51% to $1.4 million, or $0.13 per basic and diluted share, for the third quarter of 2014, compared to $909,000, or $0.09 per share, for the third quarter of 2013. Earnings for the third quarter of 2014 were impacted by increased tax expenses, reflecting a reduction in non-taxable income for the period. Net interest income increased $86,000, or 1%, to $6.9 million, compared to $6.015 million in second quarter 2014, and grew $867,000, or 14%, from $6.0 million in third quarter 2013. Income before income taxes were $1,923,000 compared to $765,000 a year ago. Return on average assets was 0.74% compared to 0.52% a year ago. Return on average equity was 7.55% compared to 5.33% a year ago. For the nine months of 2014 net profits increased 29% to $3.8 million, or $0.37 per basic and diluted share, from $2.9 million, or $0.29 per basic and diluted share, for the like period in 2013. Year-to-date, basic and diluted EPS increased 28% to $0.37, from $0.29 for the same period in 2013. Earnings per share declined by 7% to $0.13, compared to $0.14 in second quarter 2014, primarily due more shares outstanding reflecting the exercise of warrants during the quarter. Net interest income increased $2.7 million, or 15%, to $20.2 million, from $17.5 million for the like period in 2013. Income before income taxes were $5,062,000 compared to $3,652,000 a year ago. Return on average assets was 0.71% compared to 0.59% a year ago. Return on average equity was 7.26% compared to 5.81% a year ago. Book value per share was $7.07 compared to $6.75 a year ago. Net charge-offs totaled $160,000, compared to $73,000 in second quarter 2014 and $156,000 for third quarter 2013.

 

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PFLC

Industry Average

Valuation PFLC Industry Range
Price/Earnings 17.0x
Price/Sales 2.1x
Price/Book 1.0x
Price/Cash Flow 17.2x
TEV/Sales 0.8x
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