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Profile - Progress Financial Corp. (NasdaqNM:PFNC)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug  3Price hit new 52-week low ($6.35)
Location
4 Sentry Parkway - Suite 200
P.O. Box 3036
Blue Bell, PA 19422
Phone: (610) 825-8800
Fax: (610) 834-8744
Employees (last reported count): 298
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Company Websites
 ·Home Page
 ·Investor Relations
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Ownership
·Insider and 5%+ Owners: 34%
·Over the last 6 months:
 · 3 insider buys; 7,000  shares (0.4% of insider shares)
·Institutional: 24% (36% of float)
(22 institutions)
·Net Inst. Selling: 95.0K shares (+7.68%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Progress Financial Corporation is a diversified financial services company. The Company has four principal activities, Banking, Equipment Leasing, Private Equity Fund Management and Insurance/Wealth Management. The Company owns all of the outstanding stock of Progress Bank, a federally chartered savings bank. The Company is a diversified financial services company providing a full range of banking services with an emphasis on commercial business loans and leases to small and medium-sized businesses, commercial real estate loans and to a lesser scope, residential construction and consumer lending, funded primarily by customer deposits.
More from Market Guide: Expanded Business Description

Financial Summary
Progress Financial is a bank holding company for Progress Bank, a federally-chartered savings bank. For the six months ended 6/01, total interest income rose 8% to $34.2 million. Net interest income after loan loss prov. fell 13% to $11.5 million. Net loss from continuing operations totaled $944 thousand vs. an income of $2.5 million. Results reflects higher mortgage backed securities income, offset by a higher loan loss provision and the recognition of $2 million in client warrant losses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

W. Kirk Wycoff, 43
Chairman, Pres and CEO
$822K
Michael High, 52
CFO, Exec. VP
189K
Eric Morgan, 48
Sr. VP, CCO and Sec.
224K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:PFNCAs of 31-Aug-2001
Price and Volume
52-Week Low
on 3-Aug-2001
$6.35 
Recent Price$6.50 
52-Week High
on 18-Sep-2000
$12.25 
Beta0.59 
Daily Volume (3-month avg)10.3K
Daily Volume (10-day avg)4,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-42.9%
52-Week Change
relative to S&P500
-23.3%
Share-Related Items
Market Capitalization$36.3M
Shares Outstanding5.58M
Float3.70M
Dividends & Splits
Annual Dividend (indicated)$0.23 
Dividend Yield3.52%
Last Split: 21 for 20 on 28-July-2000
Per-Share Data
Book Value (mrq)$8.63 
Earnings (ttm)$0.36 
Earnings (mrq)-$0.24 
Sales (ttm)$11.95 
Cash (mrq)$4.86 
Valuation Ratios
Price/Book (mrq)0.75 
Price/Earnings (ttm)18.11 
Price/Sales (ttm)0.54 
Income Statements
Sales (ttm)$69.7M
EBITDAN/A 
Income available to common (ttm)$2.22M
Profitability
Profit Margin (ttm)3.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.25%
Return on Equity (ttm)4.49%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0.06 
Total Cash (mrq)$28.0M
Short Interest
As of 8-Aug-2001
Shares Short111.0K
Percent of Float3.0%
Shares Short
(Prior Month)
106.0K
Short Ratio9.25 
Daily Volume12.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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