Last $12.40 USD
Change Today +0.58 / 4.94%
Volume 400.0
VYFC On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/26/14 All times are local (Market data is delayed by at least 15 minutes).

valley financial corp (VYFC) Snapshot

Open
$12.41
Previous Close
$11.82
Day High
$12.41
Day Low
$12.40
52 Week High
06/18/14 - $13.50
52 Week Low
10/8/13 - $9.58
Market Cap
59.8M
Average Volume 10 Days
1.0K
EPS TTM
$1.28
Shares Outstanding
4.8M
EX-Date
08/13/14
P/E TM
9.7x
Dividend
$0.16
Dividend Yield
1.25%
Current Stock Chart for VALLEY FINANCIAL CORP (VYFC)

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valley financial corp (VYFC) Details

Valley Financial Corporation operates as the holding company for Valley Bank that provides general commercial and retail banking services to small-to-medium sized businesses, professional concerns, and individuals primarily in the Roanoke Valley of Virginia. The company offers a range of deposit services, including checking, NOW, savings, money market, and individual retirement accounts, as well as time deposits and certificates of deposit. It also provides various loan products, such as commercial loans; residential real estate loans secured by 1-4 family residential properties; construction and development loans; and consumer loans. In addition, the company offers safe deposit boxes, as well as various cash management services comprising overnight repurchase agreements, merchant purchase and management programs, traveler’s checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts. Further, it provides VISA and MasterCard credit card services, lockbox services, and a debit-check card, as well as non-deposit investment and insurance products. As of August 14, 2013, it operated eight full-service offices. Valley Financial Corporation was incorporated in 1994 and is headquartered in Roanoke, Virginia.

140 Employees
Last Reported Date: 03/18/14
Founded in 1994

valley financial corp (VYFC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $477.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $291.8K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $237.6K
Compensation as of Fiscal Year 2013.

valley financial corp (VYFC) Key Developments

Valley Financial Corporation Declares Quarterly Cash Dividend, Payable on September 2, 2014; Announces Unaudited Consolidated Financial Results for the Second Quarter and Six-Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter of 2014

Valley Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share, payable on September 2, 2014 to its common shareholders of record on August 15, 2014. The amount and declaration of future cash dividends are subject to Board of Director's approval. The company announced unaudited consolidated financial results for the second quarter and six-months ended June 30, 2014. The company reported net income available to common shareholders for the three months ended June 30, 2014 of $1,744,000, a 1% increase as compared to $1,730,000 for the prior year's second quarter. Diluted earnings per share increased 3% to $0.36 as compared to $0.35 for the second quarter of 2013. Annualized return on average total assets was 0.81% and an annualized return on average shareholders' equity of 12.43% as compared to 0.97% and 12.13%, respectively, for the prior year's quarter. In comparison to the linked quarter, net income available to common shareholders increased $228,000 or 15.0%, while diluted earnings per share increased $0.05 or 16.1%. Total interest income was $8,115,000, compared to $7,825,000 for the last year. Net interest income was $6,998,000, compared to $6,747,000 for the last year. Income before income taxes was $2,483,000, compared to $2,773,000 for the last year. Tangible book value per share was $11.54 as on June 30, 2014 compared to $10.29 as on June 30, 2013. For the six-month period ended June 30, 2014, the company earned net income available to common shareholders of $3,260,000, an increase of $64,000 as compared to $3,196,000 earned during the same period last year. Fully-diluted earnings per share for the six-month period ending June 30, 2014 were $0.67 compared to $0.65 for the prior year, an increase of 3%. The year-to-date earnings produced an annualized return on average earning assets of 0.77% and an annualized return on average shareholders' equity of 11.85% as compared to 0.93% and 11.44% respectively for the prior year. Total interest income was $16,123,000, compared to $15,511,000 for the last year. Net interest income was $13,908,000, compared to $13,333,000 for the last year. Income before income taxes was $4,617,000, compared to $5,198,000 for the last year. The company recorded net charge-offs of $824,000 or 0.14% of average loans during the second quarter of 2014 as compared to net charge-offs of $110,000 for the second quarter of 2013. The charge-offs during the second quarter of 2014 were primarily related to the one borrower placed on nonaccrual status.

Valley Financial Corporation to Report Q2, 2014 Results on Aug 01, 2014

Valley Financial Corporation announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 01, 2014

Valley Financial Corporation, Q2 2014 Earnings Call, Aug 01, 2014

Valley Financial Corporation, Q2 2014 Earnings Call, Aug 01, 2014

 

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Industry Analysis

VYFC

Industry Average

Valuation VYFC Industry Range
Price/Earnings 9.2x
Price/Sales 1.8x
Price/Book 1.0x
Price/Cash Flow 8.8x
TEV/Sales NM Not Meaningful
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