Central Bancorp (CEBK)
Central Bancorp Tangible Common Equity Ratio: 6.28%
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CEBK Tangible Common Equity Ratio Rankings
| Overall | 81st percentile | 818 of 4385 |
| Sector | 83rd percentile | 145 of 871 in Financial |
| Industry | 86th percentile | 9 of 67 in Regional - Northeast Banks |
CEBK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 4.89% | Sep 2008 |
| Maximum | 7.25% | Mar 2011 |
| Average | 6.22% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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CEBK News
May 11, 11:28AM Marketwire
Apr 19, 3:51PM Street Insider
Feb 03, 4:20PM Marketwire
Jan 19, 3:39PM Street Insider
Oct 28, 3:24PM Marketwire
Oct 20, 3:28PM Street Insider
Oct 19, 4:11PM Benzinga
Oct 19, 4:08PM Marketwire
Aug 25, 4:04PM FlyOnTheWall
Aug 02, 4:00PM Marketwire
Jul 27, 6:05PM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CEBK | 30.50 | +0.00 | +0.00% | 51.24M |
| CEA | 14.45 | -0.10 | -0.69% | 2.769B |
| COGO | 1.89 | +0.02 | +1.07% | |
| COG | 34.77 | -0.30 | -0.86% | 7.282B |
| COF | 51.13 | -0.59 | -1.14% | 29.66B |
| CODI | 13.12 | -0.03 | -0.23% | 633.70M |
| CODE | 10.81 | -0.07 | -0.64% | 647.74M |
| COCO | 2.82 | +0.26 | +10.16% | 239.39M |
| COBR | 4.45 | -0.15 | -3.26% | 29.41M |
| CIG | 17.22 | +0.06 | +0.35% | 14.69B |
