Last $7.22 USD
Change Today +0.03 / 0.42%
Volume 948.0
SOCB On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 11:42 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

southcoast financial corp (SOCB) Snapshot

Open
$7.15
Previous Close
$7.19
Day High
$7.22
Day Low
$7.12
52 Week High
06/30/14 - $7.45
52 Week Low
07/26/13 - $5.30
Market Cap
51.2M
Average Volume 10 Days
4.5K
EPS TTM
$0.34
Shares Outstanding
7.1M
EX-Date
--
P/E TM
21.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for SOUTHCOAST FINANCIAL CORP (SOCB)

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southcoast financial corp (SOCB) Details

Southcoast Financial Corporation operates as the holding company for Southcoast Community Bank that provides commercial banking services in South Carolina. The company offers deposit services, which comprise business and personal checking accounts, NOW accounts, savings accounts, money market accounts, various term certificates of deposit, IRA accounts, and other deposit services. It also provides secured and unsecured, short-to-intermediate term loans for commercial, consumer, and residential purposes; consumer loans include car loans, home equity improvement loans secured by first and second mortgages, personal expenditure loans, education loans, and overdraft lines of credit; and commercial loans for businesses to provide working capital, expand physical assets, or acquire assets. In addition, the company offers loans secured by real estate mortgages for the acquisition, improvement or construction, and development of residential and other properties; residential real estate loans; non-farm and non-residential loans; commercial real estate loans; real estate construction loans; and land development loans. Further, it provides residential mortgage loan origination services, safe deposit boxes, business courier services, night depository services, telephone banking, MasterCard brand credit cards, tax deposits, and automated teller machine services. The company operates offices in Mt. Pleasant, Charleston, Moncks Corner, Johns Island, Summerville, Goose Creek, and North Charleston, South Carolina. Southcoast Financial Corporation was founded in 1998 and is headquartered in Mt. Pleasant, South Carolina.

92 Employees
Last Reported Date: 03/24/14
Founded in 1998

southcoast financial corp (SOCB) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $395.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $260.0K
Executive Vice President, Treasurer, Secretar...
Total Annual Compensation: $240.0K
Executive Vice President, Chief Lending Offic...
Total Annual Compensation: $208.4K
Compensation as of Fiscal Year 2013.

southcoast financial corp (SOCB) Key Developments

Southcoast Financial Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Southcoast Financial Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $4,470,000 compared to $4,407,000 a year ago. Net interest income was $3,573,000 compared to $3,473,000 a year ago. Total operating income was $4,203,000 compared to $4,164,000 a year ago. Income before taxes was $1,088,000 compared to $616,000 a year ago. Net income was $709,000 or $0.10 per basic and diluted share, compared to $7,035,000 or $0.19 per basic and diluted share, a year ago. Return on assets was 0.62% compared to 6.47% a year ago. Return on equity was 6.38% compared to 67.69% a year ago. For the six months, the company reported total interest income of $9,012,000 compared to $8,866,000 a year ago. Net interest income was $7,203,000 compared to $6,906,000 a year ago. Total operating income was $8,321,000 compared to $8,186,000 a year ago. Income before taxes was $2,076,000 compared to $1,678,000 a year ago. The 2014 pretax results were influenced by a growth in loan interest income, reduced funding costs, and reductions in noninterest expenses. Net income was $1,352,000 or $0.19 per basic and diluted share, compared to $8,041,000 or $1.14 per basic and diluted share, a year ago. The difference in net income between the two periods primarily relates to the one-time tax benefit of $6.4 million derived from the recapture of the company's deferred tax asset in the second quarter of 2013.

Southcoast Financial Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013

Southcoast Financial Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, total interest income was $4.542 million against $4.459 million a year ago. Net interest income was $3.630 million against $3.433 million a year ago. Total operating income was $4.118 million against $4.022 million a year ago. Income before taxes was $0.988 million against $1.061 million a year ago. Net income was $0.643 million or $0.09 per diluted share against $1.006 million or $0.14 per diluted share a year ago. Return on assets was 0.59% against 0.95% for the same period a year ago. Return on equity was 6.06% against 11.74% for the same period a year ago. Book Value Per Share was $6.15 against $6.01 a year ago.

Southcoast Financial Corp., Annual General Meeting, May 13, 2014

Southcoast Financial Corp., Annual General Meeting, May 13, 2014., at 10:00 US Eastern Standard Time. Location: offices of the company. Agenda: To elect one director to serve a three year term; to approve the appointment of Crowe Horwath LLP as the company's independent registered public accounting firm for the year ending December 31, 2014; to vote on a non-binding advisory proposal to approve the compensation of executive officers named in the summary compensation table of the accompanying proxy statement; and to act upon other such matters as may properly come before the meeting or any adjournment thereof.

 

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Industry Analysis

SOCB

Industry Average

Valuation SOCB Industry Range
Price/Earnings 21.4x
Price/Sales 3.2x
Price/Book 1.1x
Price/Cash Flow 21.5x
TEV/Sales NM Not Meaningful
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