NVSL Naugatuck Valley Financial Corporation featured news, full reports, and detailed charts
Naugatuck Valley Financial Corporation (NVSL) Wrap Up:
Naugatuck Valley Financial Corporation was organized as a federal corporation at the direction of Naugatuck Valley Savings and Loan in connection with the mutual holding company reorganization of Naugatuck Valley Savings. The reorganization and initial public offering of Naugatuck Valley Financial was completed on September 30, 2004. In the offering, Naugatuck Valley Financial issued a majority of its outstanding shares of common stock to Naugatuck Valley Mutual Holding Company, the mutual holding company parent of Naugatuck Valley Savings. As long as Naugatuck Valley Mutual exists, it will own at least a majority of Naugatuck Valley Financial’s common stock. Naugatuck Valley Financial’s business activity is the ownership of the outstanding capital stock of Naugatuck Valley Savings and management of the investment of offering proceeds retained from the offering. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f28%2f0000914317-08-000901.html#FIS_BUSINESS"Naugatuck Valley Financial Corp. (NVSL:NASDAQ)
Snapshot of Naugatuck Valley Financial Corp. (NVSL)
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OPEN
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PREVIOUS CLOSE
$5.24
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
11/26/08 - $7.97
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52 WEEK LOW
09/28/09 - $4.11
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MARKET CAP
36.8M
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AVERAGE VOLUME 3 mo
612.0
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DILUTED EPS TTM
$0.39
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SHARES OUTSTANDING
7.0M
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EX-DATE
11/3/09
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P/E TTM
13.5x
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DIVIDEND
$0.12
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DIVIDEND YIELD
2.29%
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NVSL Top Compensated Officers
Executives, Board Directors
Key developments for Naugatuck Valley Financial Corp. (NVSL)
Naugatuck Valley Financial Corp. announced unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net interest income of $3,987,000 compared to $3,725,000 for the same period a year ago. Income before provision for income taxes was $1,014,000 compared to loss before provision for income taxes of $2,564,000 for the same period a year ago. Net income was $703,000 or $0.10 basic and diluted per share compared to net loss of $2,721,000 or $0.40 basic and diluted per share for the same period a year ago. Return on average assets was 0.52% compared to negative return on average assets of 2.09% for the same period a year ago. Return on average equity was 5.73% compared to negative return on average equity of 21.95% for the same period a year ago. For the nine months, the company reported net interest income of $11,401,000 compared to $10,559,000 for the same period a year ago. Income before provision for income taxes was $1,828,000 compared to loss before provision for income taxes of $1,180,000 for the same period a year ago. Net income was $1,311,000 or $0.19 basic and diluted per share compared to net loss of $1,666,000 or $0.24 basic and diluted per share for the same period a year ago. The Board of Directors of the Company has declared a cash dividend for the quarter ended September 30, 2009, of $0.03 per share to stockholders of record on November 5, 2009. Payment of the cash dividend will be made on or about December 1, 2009.
Naugatuck Valley Financial Corp. announced that its the Board of Directors amended Article III, Section 2 of its Bylaws to increase the number of company directors from seven (7) to eight (8).
Naugatuck Valley Financial Corp. reported unaudited earnings results for the second quarter and six month ended June 30, 2009. For the quarter, the company reported net income of $239,000 against net income of $602,000 for the quarter ended June 30, 2008, a decrease of $363,000 or 60.3%. Earnings per share for the quarter ended June 30, 2009 was $0.04 compared to $0.09 for the same period a year ago. Net interest income for the quarter ended June 30, 2009 totaled $3,741,000 compared to $3,534,000 for the quarter ended June 30, 2008, an increase of $207,000 or 5.9%. Total interest income was $7,007,000 against $6,877,000 for the same period a year ago. Income before provision for income taxes was $318,000 against $825,000 for the same period a year ago. Return on average assets was 0.18% against 0.49% for the same period a year ago. Return on average equity was 1.98% against 4.78% for the same period a year ago. For the six month period ended June 30, 2009, the company announced net income of $608,000 compared to net income of $1,055,000 for the six months ended June 30, 2008, a decrease of $447,000 or 42.4%. Earnings per share for the six months ended June 30, 2009 was $0.09 compared to $0.15 six months ended June 30, 2008. For the six month period ended June 30, 2009, net interest income totaled $7,414,000 compared to $6,835,000 for the six months ended June 30, 2008, an increase of $579,000 or 8.5%. The increase in net interest income is due to an increase in the average balances of interest earning assets of 9.6% and 12.2% for the three and six month periods respectively, partially offset by decreases of 42 basis points and 51 basis points in the average rates earned on these assets over the same periods. Total interest income was $14,095,000 against $13,724,000 for the same period a year ago. Income before provision for income taxes was $814,000 against $1,383,000 for the same period a year ago. The Board of Directors of the company has declared a cash dividend for the quarter ended June 30, 2009, of $0.03 per share to stockholders of record on August 6, 2009. Payment of the cash dividend will be made on or about September 1, 2009. On July 21, 2009, Frederick A. Dlugokecki, Esq., an attorney in Naugatuck, Connecticut, was appointed to the Board of Directors of the company, Naugatuck Valley Savings and Loan and Naugatuck Valley Mutual Holding Company.
NVSL Competitors
| Company | Last | Change |
| Bank of America Corp | $16.09 USD | +0.01 |
| JPMorgan Chase and Co | $42.46 USD | -0.09 |
| The Toronto-Dominion Bank | C$67.30 CAD | -0.51 |
| Wells Fargo & Co | $27.87 USD | -0.45 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | NVSL | Industry Range |
| Price/Earnings | 13.4x |
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| Price/Sales | 2.2x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | 13.8x |
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| TEV/Sales | NM | Not Meaningful |
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NVSL |
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NVSL transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About Naugatuck Valley Financial Corporation
More news for NVSL
NAUGATUCK VALLEY FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. This discussion should be read in conjunction with the Company's Consolidated Financial Statements for the year ended December 31, 2008 included in the Company's Annual Report on Form 10-K. Forward-Looking Statements This report contains forward-looking statements that are based on assumptions and may describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe", "expect", "intend", "anticipate", "estimate", "project" or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area, changes in real estate market values in the Company's market area, and changes in relevant accounting principles and guidelines. Additional factors are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 under "Item 1A. Risk Factors". These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forwar...Click here to read the whole Article (external link)
Naugatuck Valley Financial Corporation Announces That It Will Not Participate in TARP Capital Purchase Program
NAUGATUCK, Conn., May 11, 2009 (GLOBE NEWSWIRE) -- Naugatuck Valley Financial Corporation, Naugatuck, CT (Nasdaq:NVSL - News), the holding company for Naugatuck Valley Savings and Loan (the "Bank"), announced today that its Board of Directors determined not to participate in the Treasury Department's Capital Purchase Program, which is part of the broader Troubled Asset Relief Program (TARP) initiative. "After careful consideration, we made a business decision that we will not seek federal funds under TARP," said John C. Roman, President and Chief Executive Officer. "Naugatuck Valley Financial Corporation is proud of its long-standing conservative approach to lending and investing and does not need the assistance being offered by the Treasury Department. We already are, and expect to be for the foreseeable future, well capitalized and currently have no valid need to participate in the Capital Purchase Program." About Naugatuck Valley Financial Corporation Naugatuck Valley Financial Corporation is the holding company for Naugatuck Valley Savings and Loan which is headquartered in Naugatuck, Connecticut with nine other branches in Southwest Connecticut. The Bank is a community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses within its market area. The Naugatuck Valley Financial Corporation logo is available at ...Click here to read the whole Article (external link)
Naugatuck Valley Financial Corporation Reports Second Quarter Results, Announces Cash Dividend for the Quarter Ended June 30, 2009 and Appoints New Director
NAUGATUCK, Conn., July 27, 2009 (GLOBE NEWSWIRE) -- Naugatuck Valley Financial Corporation (the "Company") (Nasdaq:NVSL - News), the parent company of Naugatuck Valley Savings and Loan (the "Bank"), announced net income of $239,000 for the quarter ended June 30, 2009 versus net income of $602,000 for the quarter ended June 30, 2008, a decrease of $363,000 or 60.3%. In addition, for the six month period ended June 30, 2009, the Company announced net income of $608,000 compared to net income of $1.1 million for the six months ended June 30, 2008, a decrease of $447,000 or 42.4%. Earnings per share for the quarter and six months ended June 30, 2009 were $.04 and $.09 respectively, compared to $.09 and $.15 for the quarter and six months ended June 30, 2008. In addition, the Board of Directors of the Company has declared a cash dividend for the quarter ended June 30, 2009, of $.03 per share to stockholders of record on August 6, 2009. Payment of the cash dividend will be made on or about September 1, 2009. Naugatuck Valley Mutual Holding Company, the Company's mutual holding company, has waived receipt of the dividend. John C. Roman, President and CEO, commented: "Our earnings have been impacted by increases in regular and special assessments charged by the FDIC in support of the deposit insurance fund. In addition, we have continued to add to our loan loss reserves in this difficult economy. Despite the decline in the economy, our core earnings have continued to increase as a result of increases in net interest income and exp...Click here to read the whole Article (external link)
NAUGATUCK VALLEY FINANCIAL CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year,
Show all filings for NAUGATUCK VALLEY FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for NAUGATUCK VALLEY FINANCIAL CORP 19-May-2009Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All infor...Click here to read the whole Article (external link)
NAUGATUCK VALLEY FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. This discussion should be read in conjunction with the Company's Consolidated Financial Statements for the year ended December 31, 2008 included in the Company's Annual Report on Form 10-K. Forward-Looking Statements This report contains forward-looking statements that are based on assumptions and may describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe", "expect", "intend", "anticipate", "estimate", "project" or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area, changes in real estate market values in the Company's market area, and changes in relevant accounting principles and guidelines. Additional factors are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 under "Item 1A. Risk Factors". These risks and uncertainties should be considered in evaluating forward-looking statements and Table of Contents undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the resu...Click here to read the whole Article (external link)
NAUGATUCK VALLEY FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Change in Director
Show all filings for NAUGATUCK VALLEY FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for NAUGATUCK VALLEY FINANCIAL CORP 27-Jul-2009Results of Operations and Financial Condition, Change in Director Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651)...Click here to read the whole Article (external link)
NAUGATUCK VALLEY FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. This discussion should be read in conjunction with the Company's Consolidated Financial Statements for the year ended December 31, 2008 included in the Company's Annual Report on Form 10-K. Forward-Looking Statements This report contains forward-looking statements that are based on assumptions and may describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe", "expect", "intend", "anticipate", "estimate", "project" or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area, changes in real estate market values in the Company's market area, and changes in relevant accounting principles and guidelines. Additional factors are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 under "Item 1A. Risk Factors". These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forwar...Click here to read the whole Article (external link)
NAUGATUCK VALLEY FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statemen
Show all filings for NAUGATUCK VALLEY FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for NAUGATUCK VALLEY FINANCIAL CORP 28-Oct-2009Results of Operations and Financial Condition, Financial Statemen Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inf...Click here to read the whole Article (external link)
NAUGATUCK VALLEY FINANCIAL CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue7,867 7,654 7,794 7,844 Cost of Revenue2,049 2,164 2,300 2,322 Gross Profit - 5,490 5,494 5,522 Operating ExpensesResearch Development - - - - Selling General and Administrative3,483 3,798 3,598 3,539 Non Recurring - - - 1 Others302 272 285 487 Total Operating Expenses - - - - Operating Income or Loss - 1,420 1,611 1,495 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes2,033 1,420 1,611 1,495 Interest Expense1,019 1,102 1,115 1,193 Income Before Tax1,014 318 496 302 Income Tax Expense311 79 127 (1,052)Minority Interest - - - - Net Income From Continuing Ops703 239 369 1,354 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - ...Click here to read the whole Article (external link)