Last $17.00 USD
Change Today -0.06 / -0.35%
Volume 3.1K
SMPL On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 11:19 AM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

simplicity bancorp inc (SMPL) Snapshot

Open
$16.90
Previous Close
$17.06
Day High
$17.00
Day Low
$16.89
52 Week High
03/21/14 - $18.43
52 Week Low
10/16/14 - $15.61
Market Cap
125.7M
Average Volume 10 Days
13.0K
EPS TTM
$0.76
Shares Outstanding
7.4M
EX-Date
11/6/14
P/E TM
22.4x
Dividend
$0.36
Dividend Yield
2.06%
Current Stock Chart for SIMPLICITY BANCORP INC (SMPL)

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simplicity bancorp inc (SMPL) Details

Simplicity Bancorp, Inc. operates as the holding company for Simplicity Bank that provides a range of financial products and services in the United States. The company offers various deposit accounts, such as savings accounts, money market accounts, demand deposit accounts, and certificate of deposit accounts. It also provides one-to-four family residential mortgage loans and multi-family residential real estate loans; commercial real estate loans; and consumer loans, including new and used automobile and motorcycle loans, home equity lines of credit, unsecured loans, and loans secured by savings deposits. In addition, the company provides mortgage banking services, including originating, selling, and servicing one-to-four family residential mortgage loans. As of June 30, 2014, it had seven full service retail branches in Glendora, Downey, Harbor City, Los Angeles, Panorama City, and Pasadena, Angeles County; and in Fontana, San Bernardino County, as well as operated network of 45 ATMs located in Southern California. The company was formerly known as Kaiser Federal Financial Group, Inc. and changed its name to Simplicity Bancorp, Inc. in November 2012. Simplicity Bancorp, Inc. was founded in 1953 and is headquartered in Covina, California.

118 Employees
Last Reported Date: 09/11/14
Founded in 1953

simplicity bancorp inc (SMPL) Top Compensated Officers

Chief Executive Officer, Director, Chief Exec...
Total Annual Compensation: $379.8K
Chief Financial Officer and Chief Financial O...
Total Annual Compensation: $219.9K
Chief Information Officer of Simplicity Bank
Total Annual Compensation: $181.7K
Chief Administrative Officer of Simplicity Ba...
Total Annual Compensation: $174.9K
Chief Retail Banking Officer Simplicity Bank
Total Annual Compensation: $170.5K
Compensation as of Fiscal Year 2014.

simplicity bancorp inc (SMPL) Key Developments

Simplicity Bancorp, Inc. Reports Unaudited Earnings Results for the First Quarter Ended September 30, 2014

Simplicity Bancorp, Inc. reported unaudited earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported net income of $1.08 million, or $0.15 per diluted share, which remained relatively unchanged compared to net income of $1.15 million, or $0.15 per diluted share for the same period last year. While net income remained relatively stable, net interest income decreased and income tax expense increased, which were nearly offset by a reversal in provision for loan losses and a decrease in noninterest expense. Included in noninterest expense were approximately $415,000 in expenses related to the recently announced proposed merger with HomeStreet Bank. Excluding these expenses, net income would have totaled $1.4 million, or $0.21 per diluted share for the quarter ended September 30, 2014. Net interest income decreased $260,000, or 3.9%, to $6.4 million from $6.7 million for the quarter ended September 30, 2013. Net interest margin declined to 3.05% from 3.28% for the quarter ended September 30, 2013. The decrease in the net interest margin was primarily due to a decline in the average yield on loans as a result of the low interest rate environment and a higher average balance of borrowings, offset in part by the increase in the average yield on securities available-for-sale and FHLB stock when compared to the same period last year. Interest income was $8.06 million compared to $8.3 million reported a year ago. Income before income tax expense was $2.04 million compared to $1.82 million reported a year ago. Return on average assets was 0.49% compared to 0.54% reported a year ago. Return on average equity was 3.14% compared to 3.18% reported a year ago.

Simplicity Bancorp, Inc. Declares Quarterly Dividend, Payable on November 26, 2014

Simplicity Bancorp, Inc. announced that on October 29, 2014 its Board of Directors declared a quarterly cash dividend of $0.09 per share on its common stock. The dividend will be paid on November 26, 2014 to the shareholders of record as of the close of business on November 10, 2014.

Andrews & Springer LLC Files Class Action Lawsuit Against Simplicity Bancorp, Inc

Andrews & Springer LLC announced that a class action lawsuit has been filed on behalf of stockholders of Simplicity Bancorp seeking to challenge the Company's recently announced merger. On September 29, 2014, Simplicity Bancorp and HomeStreet, Inc. announced the signing of a definitive merger agreement pursuant to which HomeStreet would acquire Simplicity Bancorp in a merger valued at roughly $4.1 billion. As a result of the merger, Simplicity Bancorp shareholders are only anticipated to receive one (1) share of HomeStreet subject to adjustment if HomeStreet's closing stock price during a specified measurement period prior to closing is more than $20 or less than $15 per share. On October 10, 2014, a Simplicity Bancorp shareholder represented by another law firm filed a class action complaint challenging the Company's merger with HomeStreet.

 

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SMPL:US $17.00 USD -0.06

SMPL Competitors

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Company Last Change
Central Valley Community Bancorp $11.01 USD +0.33
First Financial Northwest Inc $11.80 USD -0.01
First Northern Community Bancorp $7.90 USD +0.04
FNB Bancorp/CA $27.75 USD +0.75
Pacific Mercantile Bancorp $7.10 USD +0.08
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Industry Analysis

SMPL

Industry Average

Valuation SMPL Industry Range
Price/Earnings 23.5x
Price/Sales 3.6x
Price/Book 0.9x
Price/Cash Flow 24.1x
TEV/Sales NM Not Meaningful
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