OTCPK:WAYN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Wayne Savings Bancshares

Market Cap

US$62.7m

Last Updated

2021/06/24 04:02 UTC

Data Sources

Company Financials

Executive Summary

Wayne Savings Bancshares, Inc. operates as the holding company for Wayne Savings Community Bank that provides personal and business banking services to individuals, businesses, and other organizations. More Details


Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

How has Wayne Savings Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WAYN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: WAYN's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-2.3%

WAYN

-1.7%

US Mortgage

0.5%

US Market


1 Year Return

52.9%

WAYN

54.0%

US Mortgage

42.6%

US Market

Return vs Industry: WAYN underperformed the US Mortgage industry which returned 54% over the past year.

Return vs Market: WAYN exceeded the US Market which returned 42.6% over the past year.


Shareholder returns

WAYNIndustryMarket
7 Day-2.3%-1.7%0.5%
30 Day1.0%4.3%1.9%
90 Day6.3%-3.6%7.9%
1 Year59.5%52.9%58.8%54.0%44.9%42.6%
3 Year49.3%33.6%29.2%18.5%64.4%54.1%
5 Year133.6%98.5%80.5%53.7%128.3%102.7%

Long-Term Price Volatility Vs. Market

How volatile is Wayne Savings Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Wayne Savings Bancshares undervalued compared to its fair value and its price relative to the market?

32.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WAYN ($25.25) is trading below our estimate of fair value ($37.16)

Significantly Below Fair Value: WAYN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WAYN is good value based on its PE Ratio (8.7x) compared to the US Mortgage industry average (12.6x).

PE vs Market: WAYN is good value based on its PE Ratio (8.7x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WAYN's PB Ratio (1.2x) is in line with the US Mortgage industry average.


Future Growth

How is Wayne Savings Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-6.0%

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 Wayne Savings Bancshares 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.


Past Performance

How has Wayne Savings Bancshares performed over the past 5 years?

26.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WAYN has high quality earnings.

Growing Profit Margin: WAYN's current net profit margins (36.3%) are higher than last year (34%).


Past Earnings Growth Analysis

Earnings Trend: WAYN's earnings have grown significantly by 26.7% per year over the past 5 years.

Accelerating Growth: WAYN's earnings growth over the past year (17.1%) is below its 5-year average (26.7% per year).

Earnings vs Industry: WAYN earnings growth over the past year (17.1%) underperformed the Mortgage industry 25.6%.


Return on Equity

High ROE: WAYN's Return on Equity (13.9%) is considered low.


Financial Health

How is Wayne Savings Bancshares'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: WAYN's Assets to Equity ratio (11.7x) is moderate.

Allowance for Bad Loans: WAYN has a sufficient allowance for bad loans (631%).

Low Risk Liabilities: 91% of WAYN's liabilities are made up of primarily low risk sources of funding.

Loan Level: WAYN has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: WAYN's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: WAYN has an appropriate level of bad loans (0.2%).


Dividend

What is Wayne Savings Bancshares's current dividend yield, its reliability and sustainability?

3.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WAYN's dividend (3.33%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: WAYN's dividend (3.33%) is low compared to the top 25% of dividend payers in the US market (3.46%).


Stability and Growth of Payments

Stable Dividend: WAYN's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.1%), WAYN'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

Jay VanSickle (49 yo)

3.83yrs

Tenure

Mr. James R. VanSickle, II, also known as Jay, has been Chief Executive Officer and President at Wayne Savings Bancshares, Inc. and Wayne Savings Community Bank since August 29, 2017. He served as Chief Ri...


Leadership Team

Experienced Management: WAYN's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: WAYN's board of directors are considered experienced (9.1 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wayne Savings Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wayne Savings Bancshares, Inc.
  • Ticker: WAYN
  • Exchange: OTCPK
  • Founded: 1899
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$62.682m
  • Shares outstanding: 2.46m
  • Website: https://www.waynesavings.com

Number of Employees


Location

  • Wayne Savings Bancshares, Inc.
  • 151 North Market Street
  • Wooster
  • Ohio
  • 44691
  • United States

Listings


Biography

Wayne Savings Bancshares, Inc. operates as the holding company for Wayne Savings Community Bank that provides personal and business banking services to individuals, businesses, and other organizations. The...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 04:02
End of Day Share Price2021/06/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.