OTCPK:WAYN

Stock Analysis Report

Wayne Savings Bancshares

Executive Summary

Wayne Savings Bancshares, Inc. operates as the unitary thrift holding company for Wayne Savings Community Bank that provides a range of consumer and business financial services to individuals, business, and other organizations in the United States.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


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


Market Performance


7 Day Return

-0.2%

WAYN

1.2%

US Mortgage

1.3%

US Market


1 Year Return

5.5%

WAYN

12.2%

US Mortgage

5.9%

US Market

Return vs Industry: WAYN underperformed the US Mortgage industry which returned 12.2% over the past year.

Return vs Market: WAYN matched the US Market which returned 5.9% over the past year.


Shareholder returns

WAYNIndustryMarket
7 Day-0.2%1.2%1.3%
30 Day1.0%-0.6%-1.9%
90 Day1.7%2.4%-1.8%
1 Year9.1%5.5%14.6%12.2%8.3%5.9%
3 Year67.3%54.9%39.9%30.4%45.6%36.2%
5 Year86.6%63.5%68.7%51.1%66.1%47.9%

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?

9.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: WAYN ($21.21) is trading above our estimate of fair value ($11.55)

Significantly Undervalued: WAYN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: WAYN is good value based on its PE Ratio (9.3x) compared to the Mortgage industry average (14.4x).

PE vs Market: WAYN is good value based on its PE Ratio (9.3x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low 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 is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

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

-3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WAYN's earnings are forecast to decline over the next 3 years (-3.5% per year).

Earnings vs Market: WAYN's earnings are forecast to decline over the next 3 years (-3.5% per year).

High Growth Earnings: WAYN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if WAYN's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if WAYN's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if WAYN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

22.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WAYN's earnings have grown significantly by 22.5% per year over the past 5 years.

Accelerating Growth: WAYN's earnings growth over the past year (55%) exceeds its 5-year average (22.5% per year).

Earnings vs Industry: WAYN earnings growth over the past year (55%) exceeded the Mortgage industry 31.7%.


Return on Equity

High ROE: WAYN's Return on Equity (12.8%) is considered low.


Return on Assets

ROA vs Industry: WAYN has a higher Return on Assets than the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate WAYN's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

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

Inventory Level: WAYN has a low level of unsold assets or inventory.

Debt Coverage by Assets: WAYN's debt is not covered by short term assets (assets are 0.5x debt).


Financial Institutions Analysis

Asset Level: WAYN's level of assets compared to its equity is moderate.

Allowance for Bad Loans: WAYN has a sufficient allowance for bad loans.

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

Loan Level: WAYN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: WAYN's loans are broadly funded by customer deposits.

Level of Bad Loans: WAYN has an appropriate level of bad loans (0.51%)


Next Steps

Dividend

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

3.77%

Current Dividend Yield


Dividend Yield vs Market

company3.8%marketbottom25%1.5%markettop25%3.8%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: WAYN's dividend (3.77%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: WAYN's dividend (3.77%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: WAYN's dividend payments have been volatile 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 (29.4%), 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

What is the CEO of Wayne Savings Bancshares's salary, the management and board of directors tenure and is there insider trading?

8.4yrs

Average management tenure


CEO

Jay VanSickle (48yo)

2.2yrs

Tenure

0

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 ...


Management Age and Tenure

8.4yrs

Average Tenure

51yo

Average Age

Experienced Management: WAYN's management team is seasoned and experienced (8.4 years average tenure).


Board Age and Tenure

7.4yrs

Average Tenure

59.5yo

Average Age

Experienced Board: WAYN's board of directors are considered experienced (7.4 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Myron Swartzentruber (51yo)

    Senior VP

    • Tenure: 8.4yrs
    • Compensation: US$117.50k
  • Joel Beckler (57yo)

    Senior VP & Senior Loan Officer of Wayne Savings Community Bank

    • Tenure: 10.8yrs
    • Compensation: US$169.01k
  • Jay VanSickle (48yo)

    President

    • Tenure: 2.2yrs
  • Brittany Hartzler

    Corporate Secretary

    • Tenure: 0yrs

Board Members

  • Donald Massaro (90yo)

    Director Emeritus

    • Tenure: 0yrs
  • Debi Marthey (64yo)

    Director

    • Tenure: 8.8yrs
    • Compensation: US$31.50k
  • Brian Hopkins (43yo)

    Director

    • Tenure: 1.9yrs
  • Jay VanSickle (48yo)

    President

    • Tenure: 2.2yrs
  • Peggy Schmitz (67yo)

    Chairman of the Board

    • Tenure: 7.4yrs
    • Compensation: US$40.50k
  • Glenn Miller (55yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: US$31.50k
  • Jonathan Ciccotelli (53yo)

    Lead Director

    • Tenure: 7.4yrs
    • Compensation: US$37.50k
  • David Lehman (72yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: US$192.13k

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$55.070m
  • Shares outstanding: 2.60m
  • Website: https://www.waynesavings.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WAYNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 1993

Biography

Wayne Savings Bancshares, Inc. operates as the unitary thrift holding company for Wayne Savings Community Bank that provides a range of consumer and business financial services to individuals, business, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:41
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
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.