CZBT Citizens Bancorp of Virginia Inc. featured news, full reports, and detailed charts
Citizens Bancorp of Virginia Inc. (CZBT/CZBT.OB) Wrap Up:
Citizens Bancorp of Virginia, Inc. operates as the bank holding company for Citizens Bank and Trust Company that provides retail and commercial banking services to business and individuals. It accepts demand deposits, savings deposits, time deposits, and NOW accounts, and money market accounts. The company offers commercial loans include commercial and industrial loans to finance accounts receivable, inventory, property, and plant and equipment; consumer loans for financing automobiles, home improvements, and education and personal investments; construction loans; and residential mortgage loan portfolio, including residential first and second mortgage loans, residential construction loans, h...Citizens Bancorp of Virginia Inc. (CZBT:OTC Bulletin Board Market)
Snapshot of Citizens Bancorp of Virginia Inc. (CZBT)
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OPEN
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PREVIOUS CLOSE
$12.20
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
10/2/09 - $14.45
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52 WEEK LOW
01/29/09 - $9.00
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MARKET CAP
29.0M
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AVERAGE VOLUME 3 mo
222.0
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DILUTED EPS TTM
$1.26
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SHARES OUTSTANDING
2.4M
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EX-DATE
10/1/09
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P/E TTM
9.7x
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DIVIDEND
$0.68
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DIVIDEND YIELD
5.57%
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| K = Thousands M = Millions B = Billions | ||
CZBT Top Compensated Officers
Executives, Board Directors
Key developments for Citizens Bancorp of Virginia Inc. (CZBT)
Citizens Bancorp of Virginia Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net interest income of $2,843,000 compared to $2,775,000 for the same period a year ago. Income before income taxes was $1,041,000 compared to $1,241,000 for the same period a year ago. Net income was $757,000 or $0.32 basic and diluted per share compared to $910,000 or $0.38 basic and diluted per share for the same period a year ago. The return on average assets was 0.97% as compared to the same period in 2008 when the return was 1.24%. The improved net interest income was due mainly to the increase of $27.5 million in average earning asset balances for the quarter ended September 30, 2009 as compared to the previous year. For the nine months, the company reported net interest income of $8,320,000 compared to $7,982,000 for the same period a year ago. Income before income taxes was $3,062,000 compared to $3,371,000 for the same period a year ago. Net income was $2,232,000 or $0.94 basic and diluted per share compared to $2,453,000 or $1.01 basic and diluted per share for the same period a year ago. As on September 30, 2009, book value per share was $16.10. For the first nine months of 2009 the Bank's earnings continued to be impacted by the effects of the economic recession, specifically in the need to make additional provisions for loan losses and skyrocketing FDIC insurance premium costs.
Citizens Bancorp of Virginia Inc. announced that the board of directors approved a $0.17 per share dividend for the third quarter of 2009 at its regularly scheduled meeting on September 24, 2009. The current dividend represents an annualized dividend yield of 5.15% based upon the highest closing stock price in the third quarter (through September 17, 2009) of $13.20 per share. The quarterly cash dividend is payable on October 14, 2009, to shareholders of record as of the close of business on October 5, 2009.
Citizens Bancorp of Virginia Inc., Board Meeting, Sep 24, 2009 Agenda: To approve of $0.17 per share dividend for the third quarter of 2009.
CZBT Competitors
| Company | Last | Change |
| Bank of the James Financial Group Inc | $7.75 USD | 0.00 |
| Bay Banks Of Virginia Inc | $4.50 USD | 0.00 |
| $5.15 USD | -0.05 | |
| Glenn Burnie Bancorp | $8.55 USD | 0.00 |
| Village Bank and Trust Financial Corp | $3.30 USD | -0.10 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CZBT | Industry Range |
| Price/Earnings | 10.1x |
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| Price/Sales | 2.2x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | 10.1x |
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| TEV/Sales | NM | Not Meaningful |
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CZBT |
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CZBT transactions
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| No transactions in the last 6 months. | ||