Somerset Hills Bancorp trades in the stock market as ticker SOMH. Business Summary & Profile For Somerset Hills Bancorp.

Somerset Hills Bancorp

Somerset Hills Bancorp operates as the holding company for Somerset Hills Bank, which provides commercial banking products and services primarily in Somerset, Morris, and Union Counties of New Jersey. The company’s deposit product line includes personal and business checking accounts, time deposits, money market accounts, savings accounts, and certificates of deposit. It also offers various loan products comprising commercial, consumer, and mortgage-lending products, as well as residential mortgage products primarily to the small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. In addition, the company offers insurance services; securities brokerage and investment advisory services; and title agency services. As of March 31, 2010, it operated six banking offices, including its main office located in Somerset County, four branch offices in Morris County, and one branch office in Union County, New Jersey. The company was founded in 1997 and is based in Bernardsville, New Jersey.
www.bankofsomersethills2.com
Founded in 1997
LAST $8.25 USD
CHANGE TODAY +0.13 1.60%
VOLUME 1.5K
As of 8:09 PM 02/17/12 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of SOMERSET HILLS BANCORP (SOMH)

OPEN
$8.41
PREVIOUS CLOSE
$8.12
DAY HIGH
$8.41
DAY LOW
$8.17
52 WEEK HIGH
02/22/11 - $10.18
52 WEEK LOW
09/23/11 - $7.10
MARKET CAP
44.2M
AVERAGE VOLUME 10 D
2.1K
EPS TTM
$0.57
SHARES OUTSTANDING
5.4M
EX-DATE
02/13/12
P/E TTM
14.5x
DIVIDEND
$0.28
DIVIDEND YIELD
3.15%
K = Thousands  M = Millions  B = Billions

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Key developments for SOMERSET HILLS BANCORP (SOMH)

Somerset Hills Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011; Reports Charge-Offs for the Fourth Quarter of 2011; Declares Quarterly Cash Dividend, Payable on February 29, 2012

Somerset Hills Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net interest income of $3.0 million, income before income taxes of $1.2 million and net income of $0.822 million, or $0.16 diluted earnings per share as compared to net interest income of $2.9 million, income before income taxes of $1.2 million and net income of $0.810 million, or $0.15 diluted earnings per share for the same period a year ago. Return on average assets was 0.90% compared to 0.98% a year ago. Return on average equity was 8.04% compared to 8.07% a year ago. For the year ended December 31, 2011, the company reported net interest income of $11.8 million, income before income taxes of $4.0 million and net income of $2.8 million, or $0.52 diluted earnings per share as compared to net interest income of $11.3 million, income before income taxes of $3.7 million and net income of $2.5 million, or $0.46 diluted earnings per share for the same period a year ago. As of December 31, 2011, the company's tangible common equity ratio and tangible book value per share were 11.08% and $7.55, respectively. As of December 31, 2010, the company's tangible common equity ratio and tangible book value per share were 11.98% and $7.27, respectively. The company reported charge-offs for the fourth quarter of 2011. The provision for loan losses was $20,000 and there were $5,000 in net charge-offs, while for the fourth quarter of 2010, the provision for loan losses was $25,000 and net charge-offs were $266,000. The company's board of directors declared a quarterly cash dividend of $0.07 per share payable February 29, 2012 to shareholders of record as of February 15, 2012.

Somerset Hills Bancorp Presents at Stifel Nicolaus Bank Conference 2011, Nov-02-2011

Somerset Hills Bancorp Presents at Stifel Nicolaus Bank Conference 2011, Nov-02-2011 . Venue: Grand Hyatt New York, New York, New York, United States.

Somerset Hills Bancorp Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2011; Declares Quarterly Cash Dividend, Payable on November 30, 2011

Somerset Hills Bancorp announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2011. For the quarter, the companys net interest income was $3,039,000 compared to $2,884,000 for the same period in 2010. The increases in net interest income were due to growth in average interest-earning assets which, due largely to loan growth, increased by 9.0%. Net interest income after provision for loan losses was $2,944,000 compared to $2,859,000 for the same period in 2010. Income before provision for taxes was $934,000 compared to $1,039,000 for the same period in 2010. Net income was $737,000 or $0.13 per diluted share compared to $689,000 or $0.13 per diluted share for the same period in 2010. For the nine months, the companys net interest income was $8,827,000 compared to $8,384,000 for the same period in 2010. The increases in net interest income were due to growth in average interest-earning assets which, due largely to loan growth, increased by 7.0% in the year-to-date comparison. Net interest income after provision for loan losses was $8,627,000 compared to $8,284,000 for the same period in 2010. Income before provision for taxes was $2,750,000 compared to $2,496,000 for the same period in 2010. Net income was $1,991,000 or $0.36 per diluted share compared to $1,700,000 or $0.31 per diluted share for the same period in 2010. Tangible common equity ratio was 11.64% compared to 12.07% for the same period in 2010. Tangible book value per share was $7.49 compared to $7.21 for the same period in 2010 Based upon the company's third quarter earnings and its performance over the past year, the Board of Directors declared a quarterly cash dividend of $0.07 per share payable November 30, 2011 to shareholders of record as of November 16, 2011. This quarterly cash dividend represents a $0.01 per share increase from the second quarter of 2011.

SOMH Competitors

Company Last Change
Allegheny Valley Bancorp $36.55 USD -1.44
American Bank Inc $6.19 USD 0.00
Bancorp of New Jersey Inc $9.85 USD 0.00
FedFirst Financial Corp $14.00 USD +0.09
Malvern Federal Bancorp Inc $7.80 USD 0.00
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation SOMH Industry Range
Price/Earnings 15.6x
Price/Sales 3.1x
Price/Book 1.1x
Price/Cash Flow 15.5x
TEV/Sales NM Not Meaningful

SOMH

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