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Profile - Connecticut Bancshares (NasdaqNM:SBMC)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
July 24Price hit new 52-week high ($26.65)
July 23Dividend payment of $0.09
Location
923 Main Street
Manchester, CT 06040
Phone: (860) 646-1700
Fax: (860) 645-2696
Email: investorrelations@sbmct.com
Employees (last reported count): 330
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: S&Ls/Savings Banks
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 31%
·Institutional: 32% (46% of float)
(51 institutions)
·Net Inst. Buying: 617.0K shares (+14.64%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Connecticut Bancshares, Inc. is the holding company for Savings Bank of Manchester (the Bank). The Bank is a traditional savings association that accepts retail deposits from the general public in the areas surrounding its 23 full-service banking offices. It uses those funds, together with funds generated from operations and borrowings, to originate residential mortgage loans, commercial loans and consumer loans, primarily home equity loans and lines of credit. The Bank primarily holds the loans that it originates for investment. However, the Bank also sells loans, primarily fixed-rate mortgage loans, in the secondary market, while generally retaining the servicing rights. The Bank invests in mortgage-backed securities, debt and equity securities and other permissible investments. Its revenues are derived principally from the generation of interest and fees on loans originated and, to a lesser extent, interest and dividends on investment and mortgage-backed securities.
More from Market Guide: Expanded Business Description

Financial Summary
Connecticut Bancshares is the holding company for the Savings Bank of Manchester, which operates 23 branches in CT. For the six months ended 6/01, total interest income rose 10% to $50.1 million. Net interest income after loan loss provision rose 16% to $27.5 million. Net income totaled $7.7 million vs. a loss of $1.1 million. Results reflects higher interest earning assets and interest yields on loans and investments and the absence of an $8.3 million charge to establish SBM Charitable Foundation.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Laurence Rubinow, 56
Chairman
--  
Richard Meduski, 55
Pres, CEO, Director of the Company & Director, Pres & Treasurer of the
$534K
Douglas Anderson, 50
Exec. VP
247K
Charles Pike, 57
First Exec. VP
296K
Michael Hartl, 56
Sr. VP, Commercial Lending
--  
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:SBMCAs of 31-Aug-2001
Price and Volume
52-Week Low
on 18-Oct-2000
$15.625
Recent Price$23.26 
52-Week High
on 24-July-2001
$26.65 
Daily Volume (3-month avg)26.1K
Daily Volume (10-day avg)9,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y]
52-Week Change+32.9%
52-Week Change
relative to S&P500
+78.3%
Share-Related Items
Market Capitalization$261.3M
Shares Outstanding11.2M
Float7.80M
Dividends & Splits
Annual Dividend (indicated)$0.36 
Dividend Yield1.55%
Last Splitnone 
Per-Share Data
Book Value (mrq)$20.24 
Earnings (ttm)$1.54 
Earnings (mrq)$0.38 
Sales (ttm)$9.46 
Cash (mrq)$6.67 
Valuation Ratios
Price/Book (mrq)1.15 
Price/Earnings (ttm)15.05 
Price/Sales (ttm)2.46 
Income Statements
Sales (ttm)$99.7M
EBITDAN/A 
Income available to common (ttm)$16.2M
Profitability
Profit Margin (ttm)16.3%
Operating Margin (ttm)53.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.15%
Return on Equity (ttm)7.17%
Financial Strength
Current RatioN/A 
Debt/EquityN/A 
Total Cash (mrq)$74.9M
Short Interest
As of 8-Aug-2001
Shares Short75.0K
Percent of Float1.0%
Shares Short
(Prior Month)
154.0K
Short Ratio3.95 
Daily Volume19.0K
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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