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.

Risks

  • MSB Financial is not covered by any analysts.

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

0.8%

NasdaqGM:MSBF

-0.5%

US Mortgage

1.1%

US Market


1 Year Return

-27.2%

NasdaqGM:MSBF

3.0%

US Mortgage

4.7%

US Market

MSBF underperformed the Mortgage industry which returned 5.3% over the past year.

MSBF underperformed the Market in United States of America which returned 4.8% over the past year.


Share holder returns

MSBFIndustryMarket
7 Day0.8%-0.5%1.1%
30 Day5.8%1.9%4.3%
90 Day-12.1%0.8%2.9%
1 Year-25.3%-27.2%5.2%3.0%7.0%4.7%
3 Year27.4%18.6%43.0%33.1%47.4%37.7%
5 Year139.3%122.7%61.9%45.4%61.6%43.6%

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 based on future cash flows and its price relative to the stock market?

19.25x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

MSB Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

MSB Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

MSB Financial is overvalued based on earnings compared to the US Mortgage industry average.

MSB Financial is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for MSB Financial, we can't assess if its growth is good value.


Price Based on Value of Assets

MSB Financial is overvalued based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

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

11.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if MSB Financial is high growth as no revenue estimate data is available.

MSB Financial's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).

Unable to compare MSB Financial's revenue growth to the United States of America market average as no estimate data is available.

MSB Financial's earnings growth is positive but not above the United States of America market average.

MSB Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if MSB Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has MSB Financial performed over the past 5 years?

45.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

MSB Financial has delivered over 20% year on year earnings growth in the past 5 years.

MSB Financial's 1-year earnings growth is less than its 5-year average (35.4% vs 45.5%)

MSB Financial's earnings growth has not exceeded the US Mortgage industry average in the past year (35.4% vs 39.9%).


Return on Equity

MSB Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

MSB Financial used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if MSB Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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


Financial Institutions Analysis

MSB Financial has an acceptable proportion of non-loan assets held.

MSB Financial has a sufficient allowance for bad loans.

MSB Financial's liabilities are made up of primarily low risk sources of funding.

MSB Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at MSB Financial are broadly funded by customer deposits.

MSB Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

5.74%

Current Dividend Yield


Dividend Yield and Payments Analysis

MSB Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).

MSB Financial's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as MSB Financial has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Michael Shriner (55yo)

5.5yrs

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

Michael's remuneration is about average for companies of similar size in United States of America.

Michael's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.0yrs

Average Tenure

61yo

Average Age

The average tenure for the MSB Financial management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.5yrs

Average Tenure

60yo

Average Age

The tenure for the MSB Financial board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


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
Shares3,537
Max PriceUS$18.40

Ownership Breakdown


Management Team

  • Betty Zangari (75yo)

    VP & Assistant Corporate Secretary

    • Tenure: 13.5yrs
  • Michael Shriner (55yo)

    President

    • Tenure: 5.5yrs
    • Compensation: $445.30k
  • Nancy Schmitz (63yo)

    Senior VP

    • Tenure: 4.5yrs
    • Compensation: $261.63k
  • Robert Russell (52yo)

    Executive VP & COO

    • Tenure: 4.5yrs
    • Compensation: $323.80k
  • Linda Psillakis (61yo)

    Chief Risk Officer & VP

    • Tenure: 13.5yrs
  • John Bailey (64yo)

    Executive VP & Chief Lending Officer

    • Compensation: $278.99k
  • John Kaufman (37yo)

    First VP & CFO

    • Tenure: 3.8yrs

Board Members

  • Gary Jolliffe (75yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: $46.74k
  • W. Gallaway (73yo)

    Chairman of the Board

    • Tenure: 5.5yrs
    • Compensation: $88.74k
  • Albert Olsen (84yo)

    Chairman Emeritus

    • Tenure: 6.6yrs
    • Compensation: $29.10k
  • Michael Shriner (55yo)

    President

    • Tenure: 5.5yrs
    • Compensation: $445.30k
  • Robert Vollers (60yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: $46.42k
  • Robert Andersen (55yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: $66.38k
  • H. Gabriel (51yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: $66.38k
  • Ray Vanaria (60yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: $46.00k
  • Larry Seidman (71yo)

    Director

    • Tenure: 3.0yrs
    • Compensation: $43.50k
  • Milena Schaefer (43yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: $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$75.601m
  • Shares outstanding: 4.79m
  • Website: Click here

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 Analysis2019/07/16 00:51
End of Day Share Price2019/07/15 00:00
Earnings2019/03/31
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.