Louisiana Bancorp, Inc. (LABC) news stock charts
Louisiana Bancorp, Inc. (LABC) Investment Summary:
Louisiana Bancorp, Inc. is a Louisiana corporation that became the holding company for Bank of New Orleans in connection with the conversion of the Bank in July 2007 from a federally chartered mutual savings bank to a federally chartered stock savings bank. The Bank currently conducts its business from its main office, which is located in Jefferson Parish approximately eight miles west of the French Quarter of New Orleans, and two branch offices, one of which also is in Jefferson Parish. Our remaining open branch office is located in neighboring Orleans Parish (which is coexistent with the City of New Orleans). Our fourth banking office, located in Orleans Parish in the Lakeview neighborhood of New Orleans, remains closed due to extensive flood damage from Hurricane Katrina. We expect to re-open at our Lakeview location within the next year. As of December 31, 2007, the Company had $270.9 million of total assets, $143.6 million of deposits and $89. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f26%2f0001193125-08-065843.html#FIS_BUSINESS"LOUISIANA BANCORP INC (LABC:NASDAQ)
Snapshot of LOUISIANA BANCORP INC (LABC)
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OPEN
$15.24
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PREVIOUS CLOSE
$15.00
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DAY HIGH
$15.25
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DAY LOW
$15.24
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52 WEEK HIGH
10/13/09 - $16.59
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52 WEEK LOW
03/24/09 - $12.55
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MARKET CAP
77.1M
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AVERAGE VOLUME 10 D
2.3K
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EPS TTM
$0.56
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SHARES OUTSTANDING
5.1M
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LABC Does Not Pay Dividends
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P/E TTM
27.2x
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| K = Thousands M = Millions B = Billions | ||
Key developments for LOUISIANA BANCORP INC (LABC)
Louisiana Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company reported income before income taxes of $1,068,000, net income of $668,000 or $0.15 diluted per share on net interest income of $2,654,000, total interest income of $4,190,000 against income before income taxes of $1,087,000, net income of $737,000 or $0.14 diluted per share on net interest income of $2,603,000, total interest income of $4,193,000 for the same period a year ago. Return on average assets of 0.81%, return on average equity of 3.47% against return on average assets of 0.95%, return on average equity of 3.45% for the same period a year ago. For the year, the company reported income before income taxes of $3,964,000, net income of $2,534,000 or $0.54 diluted per share on net interest income of $10,555,000, total interest income of $16,832,000 against income before income taxes of $4,041,000, net income of $2,744,000 or $0.49 diluted per share on net interest income of $9,874,000, total interest income of $15,837,000 for the same period a year ago. Return on average assets of 0.78%, return on average equity of 3.16% against return on average assets of 0.94%, return on average equity of 3.09% for the same period a year ago.
Louisiana Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine month period ended September 30, 2009. Net income for the quarter was $564,000 or $0.12 per basic and diluted share a decrease of $185,000 from $749,000 or $0.13 per basic and diluted share reported in the third quarter of 2008. Net interest income increased by $149,000 to $2,599,000 for the third quarter of 2009 compared to $2,450,000 in the third quarter of 2008. Total interest income was $4,158,000 for the third quarter of 2009, an increase of $249,000 from $3,909,000 in the third quarter of 2008. Net interest income increased by $149,000 during the third quarter of 2009 compared to the third quarter of 2008. This increase in net interest income was offset by an $85,000 increase in provision for loan losses and a $233,000 increase in non-interest expense between the quarterly periods. Income before income taxes were $879,000 against $1,103,000 reported last year. Return on average assets was 0.69% against 1.03% and return on average equity was 2.84% against 3.39% reported last year. For the nine months, the company reported net income of $1,866,000 or $0.39 per basic and diluted share a decrease of $141,000 from $2,007,000 or $0.35 per basic and diluted share reported in the nine month period ended September 30, 2008. Net interest income was $7,901,000 an increase of $630,000 from $7,271,000 and total interest income was $12,642,000 against $11,644,000 reported last year. Net interest income increased by $630,000 between the nine month periods ended September 30, 2009 and September 30, 2008. The impact of the increase in net interest income between the respective nine month periods was reduced by a $165,000 increase in provision for loan losses and a $539,000 increase in non-interest expense. Income before income taxes were $2,896,000 against $2,954,000 reported last year. Return on average assets was 0.77% against 0.94% and return on average equity was 3.06% against 2.99% reported last year.
Louisiana Bancorp Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2009. The company's net income for the quarter ended June 30, 2009 was $562,000, or $0.12 per basic and diluted share, a decrease of $75,000 from the second quarter of 2008 of $637,000 or $0.11 per basic and diluted share. The primary reason for the decrease in net income between these periods was a five basis point special assessment imposed by the FDIC on the total assets, less Tier 1 capital, on all insured depositories. This special assessment resulted in a $126,000 expense during the second quarter of 2009. Net interest income for the second quarter of 2009 was $2.6 million, an increase of $164,000 from the second quarter of 2008 of $2.453 million. The company reported total interest income of $4.208 million compared to $3.918 million for the same period of last year. Interest income increased by $290,000 in the second quarter of 2009 compared to the second quarter of 2008 due to an increase in the average balance of interest-earning assets of $30.1 million between the respective periods. The company reported return on average assets of 0.70% and return on average equity of 2.80% compared to return on average assets of 0.88% and return on average equity of 2.82% for the same period of last year. The company reported income before income taxes of $875,000 compared to $924,000 for the same period of last year. For the six month period ended June 30, 2009, the company reported net income of $1.3 million, or $0.27 per basic and diluted share, an increase of $44,000 from the six month period ended June 30, 2008. The increase in net income for the six month period ended June 30, 2009 compared to the six months ended June 30, 2008 was primarily due to increased levels of net interest income generated by increased levels of interest-earnings assets. For the six months ended June 30, 2009, net interest income was $5.3 million, an increase of $481,000 from the six month period ended June 30, 2008. The company reported total interest income of $8.484 million compared to $7.735 million for the same period of last year. During the six month period ended June 30, 2009, interest income increased by $749,000 compared to the six months ended June 30, 2008. The company reported return on average assets of 0.81% and return on average equity of 3.17% compared to return on average assets of 0.89% and return on average equity of 2.78% for the same period of last year. The company reported income before income taxes of $2,017,000 compared to $1,851,000 for the same period of last year.
Louisiana Bancorp, Inc. financial resources
LABC Competitors
| Company | Last | Change |
| GS Financial Corp | $13.99 USD | 0.00 |
| Liberty Bancorp Inc | $7.40 USD | 0.00 |
| Mayflower Bancorp Inc | $7.80 USD | 0.00 |
| Rome Bancorp Inc | $9.09 USD | 0.00 |
| WVS Financial Corp | $14.01 USD | 0.00 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | LABC | Industry Range |
| Price/Earnings | 28.0x |
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| Price/Sales | 5.9x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | 29.9x |
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| TEV/Sales | 0.7x |
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LABC |
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LABC transactions
| Type Date |
Target |
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Buyback
February 5, 2010 |
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Buyback
December 8, 2009 |
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Buyback
October 29, 2009 |
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More Recent Financial News About Louisiana Bancorp, Inc.
LOUISIANA BANCORP INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
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LOUISIANA BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
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Louisiana Bancorp, Inc. Announces Earnings for the Third Quarter and New Stock Repurchase Program
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LOUISIANA BANCORP INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
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Louisiana Bancorp, Inc. Announces Earnings for the Second Quarter
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LOUISIANA BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
Read article
Louisiana Bancorp, Inc. Announces Earnings for the Third Quarter and New Stock Repurchase Program
Read article
LOUISIANA BANCORP INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Read article
LOUISIANA BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial Stat
Read article