NasdaqGM:MSBF

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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 Analysis

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

Stable Share Price: MSBF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.5%

MSBF

7.4%

US Mortgage

2.5%

US Market


1 Year Return

-34.1%

MSBF

-18.0%

US Mortgage

16.3%

US Market

Return vs Industry: MSBF underperformed the US Mortgage industry which returned -26.6% over the past year.

Return vs Market: MSBF underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

MSBFIndustryMarket
7 Day-3.5%7.4%2.5%
30 Day-7.3%-3.8%5.3%
90 Day-7.1%28.2%16.3%
1 Year-30.1%-34.1%-15.8%-18.0%18.8%16.3%
3 Year-31.6%-40.0%-1.4%-8.3%45.0%35.7%
5 Year-0.8%-12.9%8.1%-3.6%75.8%56.8%

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?

12.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MSBF ($10.38) is trading above our estimate of fair value ($6.6)

Significantly Below Fair Value: 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 (12.7x) compared to the US Mortgage industry average (10.8x).

PE vs Market: MSBF is good value based on its PE Ratio (12.7x) compared to the US market (16.2x).


Price to Earnings Growth Ratio

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's PB Ratio (0.8x) is in line with the US Mortgage industry average.


Next Steps

Future Growth

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

-2.3%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MSB Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has MSB Financial performed over the past 5 years?

41.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MSBF has high quality earnings.

Growing Profit Margin: MSBF's current net profit margins (22.3%) are lower than last year (23.1%).


Past Earnings Growth Analysis

Earnings Trend: MSBF's earnings have grown significantly by 41.6% per year over the past 5 years.

Accelerating Growth: MSBF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MSBF had negative earnings growth (-4.7%) over the past year, making it difficult to compare to the Mortgage industry average (4.9%).


Return on Equity

High ROE: MSBF's Return on Equity (6.2%) is considered low.


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

Asset Level: MSBF's Assets to Equity ratio (9.1x) is low.

Allowance for Bad Loans: MSBF has a sufficient allowance for bad loans (175%).

Low Risk Liabilities: 84% of MSBF's liabilities are made up of primarily low risk sources of funding.

Loan Level: MSBF has an appropriate level of Loans to Assets ratio (87%).

Low Risk Deposits: MSBF's Loans to Deposits ratio (117%) is appropriate.

Level of Bad Loans: MSBF has an appropriate level of bad loans (0.6%).


Next Steps

Dividend

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

4.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MSBF's dividend (4.82%) is higher than the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: MSBF's dividend (4.82%) is in the top 25% of dividend payers in the US market (4.6%)


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Michael Shriner (56 yo)

6.5yrs

Tenure

US$429,972

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 ($USD429.97K) is about average for companies of similar size in the US market ($USD612.38K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Shriner
President6.5yrsUS$429.97k1.97%
$ 1.0m
Robert Russell
Executive VP & COO5.5yrsUS$327.36k0.46%
$ 238.7k
Nancy Schmitz
Senior VP5.5yrsUS$254.62k0.47%
$ 245.4k
John Bailey
Executive VP & Chief Lending Officerno dataUS$277.09k0.38%
$ 195.9k
John Kaufman
First VP & CFO4.83yrsno data0.11%
$ 56.8k
Linda Psillakis
Chief Risk Officer & VP14.5yrsno datano data
Betty Zangari
VP & Assistant Corporate Secretary14.5yrsno datano data

6.0yrs

Average Tenure

62yo

Average Age

Experienced Management: MSBF's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Shriner
President6.5yrsUS$429.97k1.97%
$ 1.0m
Anthony Bruno
Independent Director1.42yrsUS$40.50kno data
Lawrence Seidman
Independent Director4yrsUS$44.00kno data
Ferdinand Rossi
Emeritus Director3.5yrsUS$47.75kno data
Thomas McCain
Director Emeritus2.42yrsUS$7.24kno data
Gary Jolliffe
Independent Director6.5yrsUS$44.87k1.82%
$ 946.9k
W. Gallaway
Independent Chairman of the Board6.5yrsUS$86.87k0.53%
$ 277.5k
Raymond Vanaria
Independent Director4.42yrsUS$45.50k1.84%
$ 959.5k
H. Gabriel
Independent Director3.5yrsUS$44.00k0.082%
$ 42.6k
Robert Vollers
Independent Director4.5yrsUS$46.00k0.42%
$ 217.1k
Robert Andersen
Independent Director3.17yrsUS$44.00k0.60%
$ 311.4k
Milena Schaefer
Independent Director2.42yrsUS$44.00kno data

3.8yrs

Average Tenure

63yo

Average Age

Experienced Board: MSBF's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MSBF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.7%.


Top Shareholders

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$52.098m
  • Shares outstanding: 5.02m
  • 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 Analysis2020/07/14 00:09
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.