OTCPK:WGTB

Stock Analysis Report

Executive Summary

Washington Bancorp, Inc. provides various banking services for individual and corporate customers in the United States.

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.

Risks

  • Washington Bancorp's last earnings update was 198 days ago.
  • Washington Bancorp is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:WGTB

-2.6%

US Banks

-1.0%

US Market


1 Year Return

5.5%

OTCPK:WGTB

-14.2%

US Banks

-0.4%

US Market

WGTB outperformed the Banks industry which returned -5.4% over the past year.

WGTB underperformed the Market in United States of America which returned 9% over the past year.


Share holder returns

WGTBIndustryMarket
7 Day0%-2.6%-1.0%
30 Day-0.3%-5.5%-3.3%
90 Day-0.2%-3.5%0.4%
1 Year5.5%5.5%-11.8%-14.2%1.8%-0.4%
3 Year79.7%79.7%42.2%32.4%39.4%30.4%
5 Year183.6%183.6%53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Washington Bancorp undervalued based on future cash flows and its price relative to the stock market?

56.53x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Washington Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Washington Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Washington Bancorp is overvalued based on earnings compared to the US Banks industry average.

Washington Bancorp is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Washington Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

Washington Bancorp is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Washington Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Washington Bancorp is high growth as no revenue estimate data is available.

Washington Bancorp's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Washington Bancorp's revenue growth to the United States of America market average as no estimate data is available.

Washington Bancorp's earnings growth is expected to exceed the United States of America market average.

Washington Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Washington Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Washington Bancorp performed over the past 5 years?

-38.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Washington Bancorp's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Washington Bancorp's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Washington Bancorp's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Washington Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Washington Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Washington Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Washington Bancorp'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

Washington Bancorp has an acceptable proportion of non-loan assets held.

Washington Bancorp has a sufficient allowance for bad loans.

Washington Bancorp's liabilities are made up of primarily low risk sources of funding.

Washington Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Washington Bancorp are broadly funded by customer deposits.

Washington Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Washington Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Washington Bancorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Washington Bancorp's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Washington Bancorp has not reported any payouts.

Unable to verify if Washington Bancorp's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Washington Bancorp has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Washington Bancorp's salary, the management and board of directors tenure and is there insider trading?

12.8yrs

Average board tenure


CEO

Marty Steele (61yo)

Mr. Martin A. Steele, also known as Marty, serves as Chief Executive Officer and President of Washington Bancorp, Inc. He served as Executive Vice President and Chief Commercial Banking Officer of HomeStre ...


Board Age and Tenure

12.8yrs

Average Tenure

66yo

Average Age

The average tenure for the Washington Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Debby McDaniel

    Senior VP & CFO

    • Tenure: 3.3yrs
  • Marty Steele (61yo)

    President

  • Sheri Peña

    Senior VP & COO

    • Tenure: 4.3yrs
  • Jeanne Hansen

    Senior VP & CCO


Board Members

  • Marty Steele (61yo)

    President

  • William Sanden (67yo)

    Director

    • Tenure: 14.3yrs
  • Mark Trumper (62yo)

    Vice Chairman of the Board

    • Tenure: 1.3yrs
  • Glenn Gregory (54yo)

    Director

    • Tenure: 11.3yrs
  • Brian Quint (62yo)

    Director

    • Tenure: 5.3yrs
  • Elizabeth Copstead (68yo)

    Chairman of the Board

    • Tenure: 1.3yrs
  • Gary Jones (65yo)

    Director

    • Tenure: 14.3yrs
  • Bob Drewel (71yo)

    Director

    • Tenure: 14.3yrs
  • Gary Schmitt (74yo)

    Chairman Emeritus

  • Michael Echelbarger (72yo)

    Director

    • Tenure: 14.3yrs

Company Information

Washington Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Washington Bancorp, Inc.
  • Ticker: WGTB
  • Exchange: OTCPK
  • Founded: 1996
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$29.650m
  • Shares outstanding: 4.65m
  • Website: Click here

Location

  • Washington Bancorp, Inc.
  • 19424, 58th Place West
  • Lynnwood
  • Washington
  • 98036
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WGTBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2008

Biography

Washington Bancorp, Inc. provides various banking services for individual and corporate customers in the United States. It offers checking accounts, savings accounts, money market accounts, individual reti ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/04/06 00:19
End of Day Share Price2019/03/27 00:00
Earnings2018/06/30
Annual Earnings2017/12/31


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.