Prudential Bancorp
Market Cap
US$95.9m
Last Updated
2020/06/05 03:18 UTC
Data Sources
Company Financials
Executive Summary
Prudential Bancorp, Inc. operates as the bank holding company for Prudential Bank that provides various banking products or services.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with proven track record.
Similar Companies
Share Price & News
How has Prudential Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PBIP's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-4.3%
PBIP
4.1%
US Mortgage
2.9%
US Market
1 Year Return
-31.9%
PBIP
-18.7%
US Mortgage
8.9%
US Market
Return vs Industry: PBIP underperformed the US Mortgage industry which returned -18.7% over the past year.
Return vs Market: PBIP underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| PBIP | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.3% | 4.1% | 2.9% |
| 30 Day | 10.4% | 11.3% | 10.6% |
| 90 Day | -31.2% | -17.9% | 5.1% |
| 1 Year | -29.0%-31.9% | -16.5%-18.7% | 11.4%8.9% |
| 3 Year | -29.0%-36.8% | 6.2%-1.4% | 34.3%25.4% |
| 5 Year | -3.4%-15.4% | 6.5%-4.9% | 60.7%42.7% |
Price Volatility Vs. Market
How volatile is Prudential Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Introducing Prudential Bancorp (NASDAQ:PBIP), The Stock That Dropped 37% In The Last Three Years1 month ago | Simply Wall St
The Independent Chairman of the Board of Prudential Bancorp, Inc. (NASDAQ:PBIP), Bruce Miller, Just Bought 28% More Shares1 month ago | Simply Wall St
Does Prudential Bancorp, Inc.'s (NASDAQ:PBIP) P/E Ratio Signal A Buying Opportunity?Valuation
Is Prudential Bancorp undervalued compared to its fair value and its price relative to the market?
9.73x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PBIP ($11.69) is trading above our estimate of fair value ($3.83)
Significantly Below Fair Value: PBIP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PBIP is good value based on its PE Ratio (9.7x) compared to the Mortgage industry average (11.2x).
PE vs Market: PBIP is good value based on its PE Ratio (9.7x) compared to the US market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PBIP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PBIP is good value based on its PB Ratio (0.8x) compared to the US Mortgage industry average (0.8x).
Next Steps
Future Growth
How is Prudential Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
2.4%
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 Prudential Bancorp 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
- Examine whether Prudential Bancorp is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Banks industry.
Past Performance
How has Prudential Bancorp performed over the past 5 years?
39.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBIP has high quality earnings.
Growing Profit Margin: PBIP's current net profit margins (36%) are higher than last year (34.4%).
Past Earnings Growth Analysis
Earnings Trend: PBIP's earnings have grown significantly by 39.8% per year over the past 5 years.
Accelerating Growth: PBIP's earnings growth over the past year (15.4%) is below its 5-year average (39.8% per year).
Earnings vs Industry: PBIP earnings growth over the past year (15.4%) exceeded the Mortgage industry 4.5%.
Return on Equity
High ROE: PBIP's Return on Equity (8%) is considered low.
Next Steps
Financial Health
How is Prudential Bancorp'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: PBIP's Assets to Equity ratio (9.6x) is low.
Allowance for Bad Loans: PBIP has a low allowance for bad loans (44%).
Low Risk Liabilities: 64% of PBIP's liabilities are made up of primarily low risk sources of funding.
Loan Level: PBIP has an appropriate level of Loans to Assets ratio (45%).
Low Risk Deposits: PBIP's Loans to Deposits ratio (78%) is appropriate.
Level of Bad Loans: PBIP has a high level of bad loans (2%).
Next Steps
Dividend
What is Prudential Bancorp's current dividend yield, its reliability and sustainability?
2.40%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBIP's dividend (2.4%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: PBIP's dividend (2.4%) is low compared to the top 25% of dividend payers in the US market (4.32%).
Stability and Growth of Payments
Stable Dividend: PBIP's dividend payments have been volatile in the past 10 years.
Growing Dividend: PBIP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20%), PBIP's dividend payments are well 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?
3.8yrs
Average management tenure
CEO
Dennis Pollack (69yo)
4.08yrs
Tenure
US$711,375
Compensation
Mr. Dennis Pollack has been the Chief Executive Officer and President of Prudential Bank and Prudential Bancorp, Inc. since May 1, 2016. Mr. Pollack served as Chief Executive Officer at Presilient, LLC unt ...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD711.38K) is about average for companies of similar size in the US market ($USD577.87K).
Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.08yrs | US$711.38k | 0.82% $788.8k | |
| Senior VP | 4.92yrs | US$214.01k | 0.44% $420.6k | |
| Assistant VP & Director of Human Resources - Prudential Savings Bank | no data | no data | no data | |
| Senior VP | no data | no data | no data | |
| Chief Credit Officer & Senior VP | 3.75yrs | no data | no data | |
| VP & Controller | 2.58yrs | no data | no data | |
| Assistant Secretary of Prudential Savings Bank | no data | no data | no data | |
| Senior VP & Chief Lending Officer | 3.42yrs | US$349.07k | 0.032% $30.7k |
3.8yrs
Average Tenure
63yo
Average Age
Experienced Management: PBIP's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.08yrs | US$711.38k | 0.82% $788.8k | |
| Chairman Emeritus | 7.5yrs | US$142.79k | no data | |
| Director Emeritus | 11.92yrs | US$79.25k | no data | |
| Independent Director | 14.75yrs | US$63.15k | 0.41% $394.6k | |
| Independent Director | 10.92yrs | US$58.15k | 0.48% $457.0k | |
| Independent Chairman of the Board | 4.5yrs | US$88.15k | 0.48% $456.2k |
9.2yrs
Average Tenure
75.5yo
Average Age
Experienced Board: PBIP's board of directors are considered experienced (9.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PBIP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Prudential Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Prudential Bancorp, Inc.
- Ticker: PBIP
- Exchange: NasdaqGM
- Founded: 1886
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$95.887m
- Shares outstanding: 8.20m
- Website: https://www.psbanker.com
Number of Employees
Location
- Prudential Bancorp, Inc.
- 1834 West Oregon Avenue
- Philadelphia
- Pennsylvania
- 19145
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PBIP | NasdaqGM (Nasdaq Global Market) | Yes | New Common Stock | US | USD | Mar 2005 |
Biography
Prudential Bancorp, Inc. operates as the bank holding company for Prudential Bank that provides various banking products or services. The company accepts interest-bearing and non-interest-bearing checking, money market, savings, and certificates of deposit accounts. Its loan portfolio comprises single-family residential mortgage loans, construction and land development loans, non-residential or commercial real estate mortgage loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, such as loans secured by deposit accounts and unsecured personal loans. The company also manages a portfolio of investment and mortgage-backed securities; and provides ATM, and online and mobile banking services. As of November 20, 2019, it operated a main office in Philadelphia, Pennsylvania, as well as nine additional full-service financial centers, including seven in Philadelphia; one in Drexel Hill, Delaware County; and one in Huntingdon Valley, Montgomery County, Pennsylvania. Prudential Bancorp, Inc. was founded in 1886 and is headquartered in Philadelphia, Pennsylvania.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/05 03:18 |
| End of Day Share Price | 2020/06/04 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/09/30 |
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.