OTCPK:WSSH

Stock Analysis Report

Executive Summary

West Shore Bank Corporation operates as the bank holding company for West Shore Bank that provides various banking products and services in Michigan.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: WSSH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.0%

WSSH

-7.0%

US Banks

-2.6%

US Market


1 Year Return

n/a

WSSH

-32.9%

US Banks

-13.3%

US Market

Return vs Industry: Insufficient data to determine how WSSH performed against the US Banks industry.

Return vs Market: Insufficient data to determine how WSSH performed against the US Market.


Shareholder returns

WSSHIndustryMarket
7 Day-7.0%-7.0%-2.6%
30 Day-29.0%-24.6%-15.2%
90 Day-31.0%-41.9%-22.2%
1 Yearn/a-30.8%-32.9%-11.5%-13.3%
3 Year-16.4%-23.1%-21.4%-27.3%13.2%5.7%
5 Year3.8%-11.1%2.7%-9.2%31.8%17.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is West Shore Bank undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether West Shore Bank is trading at an attractive price based on the cash flow it is expected to produce in the future. But as West Shore Bank has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of WSSH’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through West Shore Bank regulatory filings here.
  • Explore potentially undervalued companies in the Banks industry.

Future Growth

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

-2.8%

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 West Shore 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

  • Take a look at our analysis of WSSH’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access West Shore Bank's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has West Shore Bank performed over the past 5 years?

16.3%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, West Shore Bank has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

  • When a company lacks a financial track record, its management’s track record becomes important. Corporate governance also plays an important role in a young business as board members are seen as highly-experienced leaders to help steer the company into the future. Take a look at West Shore Bank's' management and board experience and expertise to assess their ability to deliver on their strategic promises.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access West Shore Bank's filings and announcements here.
  • Explore strong past performing companies in the Banks industry.

Financial Health

How is West Shore Bank's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse West Shore Bank's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. West Shore Bank has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of WSSH’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when West Shore Bank's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

What is West Shore Bank's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if WSSH'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 WSSH'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?

6.5yrs

Average board tenure


CEO

Ray Biggs (52yo)

10.83s

Tenure

Mr. Raymond A. Biggs, also known as Ray, has been the President and Chief Operating Officer at West Shore Bank, a subsidiary of West Shore Bank Corporation since February 1, 2009 and serves as its Chief Ex ...


Board Members

NamePositionTenureCompensationOwnership
Raymond Biggs
President10.83yrsno datano data
John Wilson
Director6.5yrsno datano data
Michael Ennis
Director20.25yrsno datano data
Jeanne Oakes
Director6.25yrsno datano data
Milan Reed
Directorno datano datano data
Dennis McCarthy
Chairman of the Boardno datano datano data
Bruce Lowing
Director3.25yrsno datano data

6.5yrs

Average Tenure

Experienced Board: WSSH's board of directors are considered experienced (6.5 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

West Shore Bank Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: West Shore Bank Corp.
  • Ticker: WSSH
  • Exchange: OTCPK
  • Founded: 1898
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$0
  • Shares outstanding: 0
  • Website: https://www.westshorebank.com

Location

  • West Shore Bank Corp.
  • 201 West Loomis Street
  • PO Box 627
  • Ludington
  • Michigan
  • 49431
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WSSHOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2003

Biography

West Shore Bank Corporation operates as the bank holding company for West Shore Bank that provides various banking products and services in Michigan. Its personal banking products and services include personal checking accounts, as well as statement savings, money market savings, certificates of deposit, steady saver account, Christmas club, retirement savings, and health savings accounts; personal loans comprising consumer equity and home improvement loans, auto loans, boat and recreational vehicle loans, and tractor, snowmobile, ATV, and motorcycle loans; and mortgage products, such as fixed rate mortgages, balloon mortgages, construction loans, second home financing, home improvement loans, and home equity loans. The company’s business banking products consist of business checking accounts, business statement savings, business money market savings, insured municipal savings, insured cash management savings, and business certificates of deposit; and business loans, such as term loans, commercial real estate loans, commercial line of credit, small business administration loans, municipal loans, and letters of credit. It also offers investment services, including retirement planning, wealth management, college savings, and insurance; online banking services; and other services comprising direct deposit, e-statements, debit cards, credit cards, savings bonds, safe deposit boxes, wire transfers, gift and travel cards, phone banking, night depository, and various cash management services. The company was founded in 1898 and is based in Ludington, Michigan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 05:57
End of Day Share Price2020/04/06 00:00
EarningsN/A
Annual EarningsN/A


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.