Last $9.75 USD
Change Today 0.00 / 0.00%
Volume 0.0
RWCB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/18/14 All times are local (Market data is delayed by at least 15 minutes).

redwood capital bancorp (RWCB) Snapshot

Open
$9.75
Previous Close
$9.75
Day High
$9.75
Day Low
$9.75
52 Week High
05/23/14 - $10.00
52 Week Low
09/9/13 - $7.95
Market Cap
17.3M
Average Volume 10 Days
421.7
EPS TTM
$1.09
Shares Outstanding
1.8M
EX-Date
07/24/14
P/E TM
8.9x
Dividend
$0.24
Dividend Yield
2.36%
Current Stock Chart for REDWOOD CAPITAL BANCORP (RWCB)

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redwood capital bancorp (RWCB) Details

Redwood Capital Bancorp operates as the bank holding company for Redwood Capital Bank that provides commercial, industrial, agricultural, residential, personal credit, and other banking services in California. The company offers deposit products comprising interest-bearing checking, money market, and savings accounts; certificates of deposits; time deposits; and negotiable order of withdrawal accounts. It also provides various loans, such as commercial real estate, construction and land, single family residential, home equity lines of credit, commercial, agricultural, and consumer purchase loans; lines of credit for working capital; and term loans for machinery and equipment, as well as offers online banking services. The company provides its banking services through its branches located in Eureka and Fortuna. Redwood Capital Bancorp was incorporated in 2003 and is based in Eureka, California.

Founded in 2003

redwood capital bancorp (RWCB) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

redwood capital bancorp (RWCB) Key Developments

Redwood Capital Bancorp Declares Quarterly Cash Dividend, Payable on August 8, 2014; Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014

The board of directors of Redwood Capital Bancorp declared a quarterly cash dividend of $0.06 per share, payable on August 8, 2014, to shareholders of record at the close of business on July 28, 2014. The company announced unaudited consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported interest income of $2,583,000 against $2,457,000 a year ago. Net interest income was $2,432,000 against $2,253,000 a year ago. Net income before provision was $861,000 against $723,000 a year ago. Income before taxes was $711,000 against $698,000 a year ago. Net income was $450,000 against $434,000 a year ago. Diluted earnings per common share were $0.24 against $0.21 a year ago. Book value per common share was $8.93 against $8.10 a year ago. The company reported strong net income after taxes and provision expenses was $450,000, up 4% from the $434,000 reported for the second quarter of 2013 and down 7% for the three months ended March 31, 2014, a record quarter. The increase was primarily attributed to increased Fannie Mae loan originations, strong cost controls and improving overall credit quality.

Redwood Capital Bancorp Declares Increased Quarterly Cash Dividend, Payable on May 9, 2014; Plans to Open Third Branch to Serve the Arcata Marketplace

Redwood Capital Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share, payable on May 9, 2014, to shareholders of record at the close of business on April 28, 2014. The dividend represents a 9% increase from the previous quarters and is equivalent to an annual rate of $0.24 per share or 2.70%, based upon a market price of $8.90 per common share. The company also reported that it look forward to serving the Arcata marketplace with the opening of third branch this summer with the same passion and quality that it known for in both Eureka and Fortuna.

Redwood Capital Bancorp Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Redwood Capital Bancorp announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported interest income of $2,494,000 compared to $2,424,000 a year ago. Net interest income was $2,326,000 compared to $2,157,000 a year ago. Income before taxes was $715,000 compared to $791,000 a year ago. Net income was $439,000 compared to $454,000 a year ago. Diluted EPS was $0.24 compared to $0.25 a year ago. The fluctuations in net income during the fourth quarter are attributed to retirement costs associated with vested stock options. For the year, the company reported interest income of $9,765,000 compared to $9,591,000 a year ago. Net interest income was $8,957,000 compared to $8,369,000 a year ago. Income before taxes was $3,027,000 compared to $1,997,000 a year ago. Net income was $1,869,000 compared to $1,213,000 a year ago. Diluted EPS was $1.03 compared to $0.68 a year ago. Book value per common share was $8.37 compared to $8.27 a year ago.

 

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RWCB

Industry Average

Valuation RWCB Industry Range
Price/Earnings 9.1x
Price/Sales 1.8x
Price/Book -- Not Meaningful
Price/Cash Flow 8.1x
TEV/Sales -- Not Meaningful
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