NasdaqGM:MSBF

Stock Analysis Report

Executive Summary

MSB Financial Corp. operates as the bank holding company for Millington Bank that provides various banking products and services in New Jersey.

Snowflake

Fundamentals

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has MSB Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.9%

MSBF

1.6%

US Mortgage

0.4%

US Market


1 Year Return

-15.1%

MSBF

15.2%

US Mortgage

6.9%

US Market

Return vs Industry: MSBF underperformed the US Mortgage industry which returned 15.2% over the past year.

Return vs Market: MSBF underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

MSBFIndustryMarket
7 Day-0.9%1.6%0.4%
30 Day-5.4%0.7%-1.1%
90 Day0.7%4.2%-0.5%
1 Year-10.2%-15.1%17.7%15.2%9.3%6.9%
3 Year32.8%19.9%41.2%31.8%45.8%36.4%
5 Year133.6%110.8%71.5%53.4%62.9%45.1%

Price Volatility Vs. Market

How volatile is MSB Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MSB Financial undervalued compared to its fair value and its price relative to the market?

19.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: MSBF ($16) is trading above our estimate of fair value ($2.74)

Significantly Undervalued: MSBF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MSBF is poor value based on its PE Ratio (19.4x) compared to the Mortgage industry average (14.4x).

PE vs Market: MSBF is poor value based on its PE Ratio (19.4x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate MSBF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MSBF is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is MSB Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSBF's forecast earnings growth (11.6% per year) is above the savings rate (2.7%).

Earnings vs Market: MSBF's earnings (11.6% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: MSBF's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if MSBF's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if MSBF's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if MSBF's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has MSB Financial performed over the past 5 years?

46.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MSBF's earnings have grown significantly by 46% per year over the past 5 years.

Accelerating Growth: MSBF's earnings growth over the past year (16.2%) is below its 5-year average (46% per year).

Earnings vs Industry: MSBF earnings growth over the past year (16.2%) underperformed the Mortgage industry 31.5%.


Return on Equity

High ROE: MSBF's Return on Equity (6.5%) is considered low.


Return on Assets

ROA vs Industry: MSBF's Return on Assets is below or equal to the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate MSBF's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is MSB Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MSBF has a low level of unsold assets or inventory.

Debt Coverage by Assets: MSBF's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: MSBF's level of assets compared to its equity is low.

Allowance for Bad Loans: MSBF has a sufficient allowance for bad loans.

Low Risk Liabilities: MSBF's liabilities are made up of primarily low risk sources of funding.

Loan Level: MSBF has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MSBF's loans are broadly funded by customer deposits.

Level of Bad Loans: MSBF has an appropriate level of bad loans (0.77%)


Next Steps

Dividend

What is MSB Financial's current dividend yield, its reliability and sustainability?

6.00%

Current Dividend Yield


Dividend Yield vs Market

company6.0%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MSBF's dividend (6%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: MSBF's dividend (6%) is in the top 25% of dividend payers in the US market (3.73%)

Stable Dividend: MSBF's dividend payments have been volatile in the past 10 years.

Growing Dividend: MSBF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of MSB Financial's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Michael Shriner (55yo)

5.8yrs

Tenure

US$445,295

Compensation

Mr. Michael A. Shriner has been the Chief Executive Officer and President of MSB Financial Corp. since 2014 and its subsidiary, Millington Savings Bank since 2012. Mr. Shriner served as the Chief Operating ...


CEO Compensation Analysis

Compensation vs. Market: Michael's total compensation ($USD445.30K) is about average for companies of similar size in the US market ($USD489.74K).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.3yrs

Average Tenure

61yo

Average Age

Experienced Management: MSBF's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

3.7yrs

Average Tenure

60yo

Average Age

Experienced Board: MSBF's board of directors are considered experienced (3.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$155,77510 May 19
Veteri Place Corporation
EntityCompany
Shares9,300
Max PriceUS$16.75
BuyUS$155,77510 May 19
Veteri Place Corporation
EntityCompany
Shares9,300
Max PriceUS$16.75
BuyUS$27,84014 Dec 18
Veteri Place Corporation
EntityCompany
Shares1,600
Max PriceUS$17.40
BuyUS$242,56813 Dec 18
Veteri Place Corporation
EntityCompany
Shares13,800
Max PriceUS$17.64
BuyUS$44,25012 Dec 18
Veteri Place Corporation
EntityCompany
Shares2,500
Max PriceUS$17.70
SellUS$65,08106 Dec 18
Gary Jolliffe
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,537
Max PriceUS$18.40

Ownership Breakdown


Management Team

  • Betty Zangari (75yo)

    VP & Assistant Corporate Secretary

    • Tenure: 13.8yrs
  • Michael Shriner (55yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$445.30k
  • Nancy Schmitz (63yo)

    Senior VP

    • Tenure: 4.8yrs
    • Compensation: US$261.63k
  • Robert Russell (52yo)

    Executive VP & COO

    • Tenure: 4.8yrs
    • Compensation: US$323.80k
  • Linda Psillakis (61yo)

    Chief Risk Officer & VP

    • Tenure: 13.8yrs
  • John Bailey (64yo)

    Executive VP & Chief Lending Officer

    • Tenure: 0yrs
    • Compensation: US$278.99k
  • John Kaufman (37yo)

    First VP & CFO

    • Tenure: 4.1yrs

Board Members

  • Larry Seidman (71yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$43.50k
  • Michael Shriner (55yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$445.30k
  • Albert Olsen (84yo)

    Chairman Emeritus

    • Tenure: 6.8yrs
    • Compensation: US$76.71k
  • Gary Jolliffe (75yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: US$46.74k
  • W. Gallaway (73yo)

    Chairman of the Board

    • Tenure: 5.8yrs
    • Compensation: US$88.74k
  • Ray Vanaria (60yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: US$46.00k
  • H. Gabriel (51yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$66.38k
  • Robert Vollers (60yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$46.42k
  • Robert Andersen (55yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$66.38k
  • Milena Schaefer (43yo)

    Director

    • Tenure: 1.7yrs
    • Compensation: US$40.00k

Company Information

MSB Financial Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MSB Financial Corp.
  • Ticker: MSBF
  • Exchange: NasdaqGM
  • Founded: 1911
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$72.809m
  • Shares outstanding: 4.55m
  • Website: https://www.millingtonbank.com

Number of Employees


Location

  • MSB Financial Corp.
  • 1902 Long Hill Road
  • Millington
  • New Jersey
  • 7946
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MSBFNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJan 2007

Biography

MSB Financial Corp. operates as the bank holding company for Millington Bank that provides various banking products and services in New Jersey. The company offers deposit products, including checking accou ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 00:25
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.