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 in the United States.
Flawless balance sheet established dividend payer.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: WAYN exceeded the US Mortgage industry which returned -14% over the past year.
Return vs Market: WAYN underperformed the US Market which returned 20.1% over the past year.
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
Is Wayne Savings Bancshares undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WAYN ($17.9) is trading below our estimate of fair value ($22.87)
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 (7.4x) compared to the US Mortgage industry average (11.1x).
PE vs Market: WAYN is good value based on its PE Ratio (7.4x) 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 is overvalued based on its PB Ratio (0.9x) compared to the US Mortgage industry average (0.8x).
How is Wayne Savings Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Wayne Savings Bancshares 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.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Wayne Savings Bancshares's filings and announcementshere.
- Explore growth companies in the Banks industry.
How has Wayne Savings Bancshares performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WAYN has high quality earnings.
Growing Profit Margin: WAYN's current net profit margins (34.4%) are higher than last year (34%).
Past Earnings Growth Analysis
Earnings Trend: WAYN's earnings have grown significantly by 29.9% per year over the past 5 years.
Accelerating Growth: WAYN's earnings growth over the past year (2.6%) is below its 5-year average (29.9% per year).
Earnings vs Industry: WAYN earnings growth over the past year (2.6%) underperformed the Mortgage industry 7.2%.
Return on Equity
High ROE: WAYN's Return on Equity (12.5%) is considered low.
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
Financial Institutions Analysis
Asset Level: WAYN's Assets to Equity ratio (10.6x) is moderate.
Allowance for Bad Loans: WAYN has a sufficient allowance for bad loans (192%).
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 (75%).
Low Risk Deposits: WAYN's Loans to Deposits ratio (91%) is appropriate.
Level of Bad Loans: WAYN has an appropriate level of bad loans (0.6%).
What is Wayne Savings Bancshares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WAYN's dividend (4.47%) is higher than the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: WAYN's dividend (4.47%) is in the top 25% of dividend payers in the US market (4.29%)
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 (33.2%), 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jay VanSickle (49 yo)
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 ...
|Senior VP||9.25yrs||US$117.50k||no data|
|Senior VP & Senior Loan Officer of Wayne Savings Community Bank||11.58yrs||US$169.01k||no data|
|President||3yrs||no data||no data|
|Corporate Secretary||no data||no data||no data|
Experienced Management: WAYN's management team is seasoned and experienced (9.3 years average tenure).
|President||3yrs||no data||no data|
|Director Emeritus||no data||no data||no data|
|Independent Director||9.58yrs||US$31.50k||no data|
|Director||2.75yrs||no data||no data|
|Independent Chairman of the Board||8.25yrs||US$40.50k||no data|
|Independent Director||8.25yrs||US$31.50k||no data|
|Independent Lead Director||8.25yrs||US$37.50k||no data|
|Independent Director||8.25yrs||US$192.13k||no data|
Experienced Board: WAYN's board of directors are considered experienced (8.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wayne Savings Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Wayne Savings Bancshares, Inc.
- Ticker: WAYN
- Exchange: OTCPK
- Founded: 1899
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$45.145m
- Shares outstanding: 2.52m
- Website: https://www.waynesavings.com
Number of Employees
- Wayne Savings Bancshares, Inc.
- 151 North Market Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WAYN||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jun 1993|
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 in t ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/14 00:47|
|End of Day Share Price||2020/08/12 00:00|
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.