Center Bancorp Inc (CNBC) Files 10-K for the Fiscal Year Ended on December 31, 2017
- By insider
Center Bancorp Inc (NASDAQ:CNBC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. ConnectOne Bancorp Inc is a holding company. The company through its holding provides banking services including lending, depository and related financial services to commercial, industrial and governmental customers. Center Bancorp Inc has a market cap of $332.136 million; its shares were traded at around $0.00 with a P/E ratio of 21.93 and P/S ratio of 6.47. The dividend yield of Center Bancorp Inc stocks is 1.48%. Center Bancorp Inc had annual average EBITDA growth of 25.80% over the past ten years. GuruFocus rated Center Bancorp Inc the business predictability rank of 2.5-star.
Warning! GuruFocus has detected 8 Warning Signs with CNBC. Click here to check it out.
The intrinsic value of CNBC
For the last quarter Center Bancorp Inc reported a revenue of $41.8 million, compared with the revenue of $34.98 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $153.3 million, an increase of 9.4% from last year. For the last five years Center Bancorp Inc had an average revenue growth rate of 28.7% a year. The Center Bancorp Inc enjoyed an operating margin of 44.7%, compared with the operating margin of 30.6% a year before. The 10-year historical median operating margin of Center Bancorp Inc is 31.07%. The profitability rank of the company is 6 (out of 10).
At the end of the fiscal year, Center Bancorp Inc has the cash and cash equivalents of $149.6 million, compared with $200.4 million in the previous year. The long term debt was $724.8 million, compared with $530.8 million in the previous year. The interest coverage to the debt is 1.9, which is not a favorable level. Center Bancorp Inc has a financial strength rank of 4 (out of 10).
At the current stock price of $0.00, Center Bancorp Inc is traded at 100% discount to its historical median P/S valuation band of $14.33. The P/S ratio of the stock is 6.47, while the historical median P/S ratio is 4.15. The stock gained 44.31% during the past 12 months.
For the complete 20-year historical financial data of CNBC, click here.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 8 Warning Signs with CNBC. Click here to check it out.
The intrinsic value of CNBC
