Last $15.48 USD
Change Today +0.10 / 0.65%
Volume 10.1K
PLMT On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

palmetto bancshares inc (PLMT) Snapshot

Open
$15.45
Previous Close
$15.38
Day High
$15.60
Day Low
$15.26
52 Week High
10/31/14 - $17.32
52 Week Low
12/12/13 - $11.63
Market Cap
198.0M
Average Volume 10 Days
44.2K
EPS TTM
$0.68
Shares Outstanding
12.8M
EX-Date
10/30/14
P/E TM
22.8x
Dividend
$0.20
Dividend Yield
0.65%
Current Stock Chart for PALMETTO BANCSHARES INC (PLMT)

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palmetto bancshares inc (PLMT) Details

Palmetto Bancshares, Inc. operates as the bank holding company for The Palmetto Bank that provides retail and commercial banking, and wealth management services to consumers and businesses in the United States. The company’s deposit products include checking accounts and savings accounts, noninterest-bearing and interest-bearing transaction deposits; money market deposits; savings deposits; and time deposits. Its loan products comprise commercial real estate, single-family residential real estate, commercial and industrial, consumer, small business administration, corporate, mortgage, credit card, and automobile loans, as well as home equity loans and home equity lines of credit. In addition, the company offers cash management, trust, brokerage, private banking, financial planning, insurance, mobile and online banking, automated teller machines (ATM), and debit card services. As of June 30, 2014, the company provided its products and services through 25 branches. It also operates approximately 27 automatic teller machines and 6 limited service offices located in retirement centers in the Upstate. The company was founded in 1906 and is headquartered in Greenville, South Carolina.

289 Employees
Last Reported Date: 11/4/14
Founded in 1906

palmetto bancshares inc (PLMT) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $357.3K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $192.6K
Chief Operating Officer, Chief Risk Officer, ...
Total Annual Compensation: $291.9K
Compensation as of Fiscal Year 2013.

palmetto bancshares inc (PLMT) Key Developments

Palmetto Bancshares Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Palmetto Bancshares Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $9,871,000 against $10,523,000 a year ago. Net interest income was $9,745,000 against $10,048,000 a year ago. Net interest income before provision for loan losses was $3,171,000 against $2,847,000 a year ago. Net income was $1,982,000 or $0.15 per diluted share against $22,233,000 or $1.74 per diluted share a year ago. Return on average assets was 0.72% against 8.16% a year ago. Return on average equity was 6% against 87.51% year ago. Net interest income declined primarily due to a reduction in loan yields and fees. For the nine months, the company reported total interest income of $29,867,000 against $32,115,000 a year ago. Net interest income was $29,467,000 against $30,242,000 a year ago. Income before provision for income taxes was $9,576,000 against $7,717,000 a year ago. Net income was $6,037,000 or $0.47 per diluted share against $25,908,000 or $2.03 per diluted share a year ago. Return on average assets was 0.74% against 3.16% a year ago. Return on average equity was 6.28% against 34.39% year ago. Book value per share as on September 30, 2014 was $10.27 against $9.46 per share as on September 30, 2013.

Palmetto Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on November 17, 2014

Palmetto Bancshares Inc. declared quarterly cash dividend of $0.05 per common share. The cash dividend is payable on November 17, 2014 to shareholders of record as of the close of business on November 3, 2014.

Palmetto Bancshares Inc. to Report Q3, 2014 Results on Oct 22, 2014

Palmetto Bancshares Inc. announced that they will report Q3, 2014 results at 8:00 AM, US Eastern Standard Time on Oct 22, 2014

 

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PLMT Competitors

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Company Last Change
American National Bankshares Inc $23.28 USD -0.43
First Citizens Bancshares Inc/TN $43.00 USD 0.00
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First Bancorp Inc/ME $17.47 USD +0.16
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Industry Analysis

PLMT

Industry Average

Valuation PLMT Industry Range
Price/Earnings 25.2x
Price/Sales 3.8x
Price/Book 1.5x
Price/Cash Flow 25.2x
TEV/Sales 2.5x
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