OTCPK:WBZB

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Washington Business Bank

Executive Summary

Washington Business Bank, a state-chartered bank, provides various banking products and services to small and midsized businesses, and middle-income individuals primarily in western Washington.


Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

How has Washington Business Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WBZB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

WBZB

1.3%

US Banks

0.5%

US Market


1 Year Return

-1.7%

WBZB

-16.6%

US Banks

18.0%

US Market

Return vs Industry: WBZB exceeded the US Banks industry which returned -15.2% over the past year.

Return vs Market: WBZB underperformed the US Market which returned 18.7% over the past year.


Shareholder returns

WBZBIndustryMarket
7 Day0%1.3%0.5%
30 Day1.8%3.9%4.5%
90 Day1.8%20.1%19.7%
1 Year-1.7%-1.7%-13.7%-16.6%20.5%18.0%
3 Yearn/a-7.2%-14.7%46.3%36.8%
5 Yearn/a23.2%8.0%87.2%66.8%

Price Volatility Vs. Market

How volatile is Washington Business Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Washington Business Bank undervalued compared to its fair value and its price relative to the market?

8.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WBZB ($14.25) is trading above our estimate of fair value ($12.42)

Significantly Below Fair Value: WBZB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: WBZB is good value based on its PE Ratio (9x) compared to the US Banks industry average (10x).

PE vs Market: WBZB is good value based on its PE Ratio (9x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WBZB is overvalued based on its PB Ratio (0.9x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Washington Business Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.2%

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 Washington Business Bank 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

Past Performance

How has Washington Business Bank performed over the past 5 years?

21.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WBZB has high quality earnings.

Growing Profit Margin: WBZB's current net profit margins (28.4%) are higher than last year (22.6%).


Past Earnings Growth Analysis

Earnings Trend: WBZB's earnings have grown significantly by 21.6% per year over the past 5 years.

Accelerating Growth: WBZB's earnings growth over the past year (37.7%) exceeds its 5-year average (21.6% per year).

Earnings vs Industry: WBZB earnings growth over the past year (37.7%) exceeded the Banks industry -2.9%.


Return on Equity

High ROE: WBZB's Return on Equity (10.3%) is considered low.


Next Steps

Financial Health

How is Washington Business Bank'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: WBZB's Assets to Equity ratio (8.8x) is low.

Allowance for Bad Loans: Insufficient data to determine if WBZB has a sufficient allowance for bad loans.

Low Risk Liabilities: 93% of WBZB's liabilities are made up of primarily low risk sources of funding.

Loan Level: WBZB has an appropriate level of Loans to Assets ratio (87%).

Low Risk Deposits: WBZB's Loans to Deposits ratio (105%) is appropriate.

Level of Bad Loans: Insufficient data to determine if WBZB has an appropriate level of bad loans.


Next Steps

Dividend

What is Washington Business Bank current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate WBZB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WBZB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WBZB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WBZB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WBZB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Jon Jones (58 yo)

12.75yrs

Tenure

Mr. Jon M. Jones serves as a President, Chief Executive Officer and Director of Washington Business Bank. Mr. Jones is a well-known community banker with over twenty years of banking experience. He has pre ...


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

Washington Business Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Washington Business Bank
  • Ticker: WBZB
  • Exchange: OTCPK
  • Founded: 2002
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$9.625m
  • Shares outstanding: 675.47k
  • Website: https://www.wabizbank.com

Location

  • Washington Business Bank
  • 223 5th Avenue SE
  • Olympia
  • Washington
  • 98501
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WBZBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 2019

Biography

Washington Business Bank, a state-chartered bank, provides various banking products and services to small and midsized businesses, and middle-income individuals primarily in western Washington. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 11:30
End of Day Share Price2020/07/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.