Revenue Update on Chicopee Bancorp(NASDAQ:CBNK)

Chicopee Bancorp(NASDAQ:CBNK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Intraday on Jul 22, 2016. Company reported revenue of $6.30M. Analysts estimated a revenue of $21.18M. Earnings per share were $0.20.

Chicopee Bancorp (CBNK) remained unchanged at the close of Thursday session. Even as the volume increased to 3,805 ,the shares failed to make any impression and ended at 0 points or 0.00% at $18.94. The trading session commenced at $18.95 and the stock hit a high of $19 and touched $18.91 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $19 and the 52-week low is $16. The company has a market cap of $99 M and has approximately 52,22,339 outstanding shares.

Chicopee Bancorp Inc. is a bank holding company. The Bank is a full-service community oriented financial institution offering products and services to individuals and businesses through nine offices located in Western Massachusetts. Chicopee Savings Bank’s business consists of making loans to its customers including residential mortgages commercial real estate loans commercial loans consumer loans and home equity loans and investing in a variety of investment securities. It funds lending and investment activities with deposits from the general public funds generated from operations and borrowings. It sells residential one-to-four family real estate loans to the secondary market. The Bank’s revenues are derived from the generation of interest and fees on loans interest and dividends on investment securities fees from its retail banking operation and investment management. It provides access to insurance and investment products through its Financial Services Division.

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