Announcement • Jul 05
Prudential Bancorp, Inc.(NasdaqGM:PBIP) dropped from S&P TMI Index Prudential Bancorp, Inc.(NasdaqGM:PBIP) dropped from S&P TMI Index Announcement • Jul 02
Prudential Bancorp, Inc.(NasdaqGM:PBIP) dropped from NASDAQ Composite Index Prudential Bancorp, Inc. removed Buying Opportunity • Jun 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be US$18.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • May 30
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 21 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (3.9%). Lower than average of industry peers (5.8%). Announcement • May 19
Prudential Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend, Payable on June 21, 2022 Prudential Bancorp, Inc. announced that its Board of Directors, at a meeting held on May 18, 2022, declared a quarterly cash dividend of $0.07 per share on the common stock of the Company, payable on June 21, 2022, to the shareholders of record at the close of business on June 7, 2022. Reported Earnings • May 01
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: US$0.84 loss per share (down from US$0.21 profit in 2Q 2021). Revenue: US$3.08m (down 51% from 2Q 2021). Net loss: US$6.52m (down 480% from profit in 2Q 2021). Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 12% while the industry in the US is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 16% share price gain to US$17.11, the stock trades at a trailing P/E ratio of 17.1x. Average forward P/E is 11x in the Mortgage industry in the US. Total returns to shareholders of 6.7% over the past three years. Upcoming Dividend • Feb 25
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 04 March 2022. Payment date: 21 March 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (3.7%). Lower than average of industry peers (3.9%). Announcement • Feb 17
Prudential Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on March 21, 2022 Prudential Bancorp, Inc. announced that its Board of Directors, at a meeting held on February 16, 2022, declared a quarterly cash dividend of $0.07 per share on the common stock of the Company, payable on March 21, 2022, to the shareholders of record at the close of business on March 7, 2022. Reported Earnings • Jan 31
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: US$0.24 (up from US$0.23 in 1Q 2021). Revenue: US$6.30m (up 1.3% from 1Q 2021). Net income: US$1.84m (flat on 1Q 2021). Profit margin: 29% (in line with 1Q 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 1.6% compared to a 9.3% decline forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Dec 19
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: US$0.98 (down from US$1.12 in FY 2020). Revenue: US$26.7m (down 4.3% from FY 2020). Net income: US$7.78m (down 19% from FY 2020). Profit margin: 29% (down from 34% in FY 2020). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Earnings per share (EPS) surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 1.6% compared to a 12% decline forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 29
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 06 December 2021. Payment date: 21 December 2021. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (3.6%). Lower than average of industry peers (3.5%). Upcoming Dividend • Aug 27
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 03 September 2021. Payment date: 21 September 2021. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (3.6%). Lower than average of industry peers (3.3%). Reported Earnings • Jul 24
Third quarter 2021 earnings released: EPS US$0.28 (vs US$0.44 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$7.17m (down 14% from 3Q 2020). Net income: US$2.24m (down 38% from 3Q 2020). Profit margin: 31% (down from 44% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 29
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 04 June 2021. Payment date: 21 June 2021. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (3.4%). Lower than average of industry peers (3.0%). Reported Earnings • May 22
Second quarter 2021 earnings released: EPS US$0.21 (vs US$0.33 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$6.30m (down 21% from 2Q 2020). Net income: US$1.72m (down 41% from 2Q 2020). Profit margin: 27% (down from 37% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 21
Prudential Bancorp, Inc. Declares Quarterly Cash Dividend on the Common Stock, Payable on June 21, 2021 Prudential Bancorp, Inc. announced that its Board of Directors, at a meeting held on May 19, 2021, declared a quarterly cash dividend of $0.07 per share on the common stock of the Company, payable on June 21, 2021 to the shareholders of record at the close of business on June 7, 2021. Reported Earnings • Apr 26
Second quarter 2021 earnings released: EPS US$0.22 (vs US$0.33 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$6.30m (down 21% from 2Q 2020). Net income: US$1.71m (down 41% from 2Q 2020). Profit margin: 27% (down from 37% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 27
Upcoming Dividend of US$0.07 Per Share Will be paid on the 22nd of March to those who are registered shareholders by the 5th of March. The trailing yield of 2.1% is below the top quartile of American dividend payers (3.7%), and is lower than industry peers (3.3%). Is New 90 Day High Low • Feb 25
New 90-day high: US$14.65 The company is up 4.0% from its price of US$14.05 on 25 November 2020. The American market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is up 7.0% over the same period. Reported Earnings • Feb 18
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$6.22m (down 12% from 1Q 2020). Net income: US$1.84m (down 25% from 1Q 2020). Profit margin: 30% (down from 35% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 24
First quarter 2021 earnings released: EPS US$0.23 The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$6.22m (down 12% from 1Q 2020). Net income: US$1.84m (down 25% from 1Q 2020). Profit margin: 30% (down from 35% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jan 16
Prudential Bancorp, Inc., Annual General Meeting, Feb 17, 2021 Prudential Bancorp, Inc., Annual General Meeting, Feb 17, 2021, at 11:00 US Eastern Standard Time. Agenda: To elect two directors each for a three-year term expiring in 2024; and ratify the appointment of S.R. Snodgrass, P.C. as independent registered public accounting firm for the fiscal year ending September 30, 2021. Reported Earnings • Dec 20
Full year 2020 earnings released: EPS US$1.12 The company reported a mediocre full year result with flat earnings, revenues and profit margins. Full year 2020 results: Revenue: US$27.9m (flat on FY 2019). Net income: US$9.56m (flat on FY 2019). Profit margin: 34% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 27
Upcoming Dividend of US$0.07 Per Share Will be paid on the 21st of December to those who are registered shareholders by the 4th of December. The trailing yield of 2.0% is below the top quartile of American dividend payers (4.0%), and is lower than industry peers (3.1%). Reported Earnings • Nov 19
Full year 2020 earnings released: EPS US$1.12 The company reported a mediocre full year result with flat earnings, revenues and profit margins. Full year 2020 results: Revenue: US$27.9m (flat on FY 2019). Net income: US$9.56m (flat on FY 2019). Profit margin: 34% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 11
New 90-day high: US$12.48 The company is up 3.0% from its price of US$12.10 on 12 August 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Mortgage industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 23
New 90-day high: US$12.19 The company is up 2.0% from its price of US$11.91 on 24 July 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is up 9.0% over the same period.