W.T.B. Financial
Market Cap
US$718.9m
Last Updated
2020/10/29 00:14 UTC
Data Sources
Company Financials
Executive Summary
W.T.B. Financial Corporation operates as the bank holding company for Washington Trust Bank that provides banking, fiduciary, asset management, mortgage banking, and other financial services to corporate and individual customers. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and good value.
Similar Companies
Share Price & News
How has W.T.B. Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WTBF.B has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.5%
WTBF.B
-4.8%
US Banks
-4.6%
US Market
1 Year Return
-21.7%
WTBF.B
-31.0%
US Banks
11.5%
US Market
Return vs Industry: WTBF.B exceeded the US Banks industry which returned -31% over the past year.
Return vs Market: WTBF.B underperformed the US Market which returned 11.5% over the past year.
Shareholder returns
| WTBF.B | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -4.8% | -4.6% |
| 30 Day | 0.4% | 2.4% | -0.9% |
| 90 Day | 1.8% | -1.6% | 2.2% |
| 1 Year | -19.9%-21.7% | -28.5%-31.0% | 14.0%11.5% |
| 3 Year | -5.9%-10.8% | -21.7%-28.2% | 34.5%25.6% |
| 5 Year | 59.9%48.7% | 11.2%-2.5% | 73.0%53.6% |
Price Volatility Vs. Market
How volatile is W.T.B. Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is W.T.B. Financial undervalued compared to its fair value and its price relative to the market?
44.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WTBF.B ($281.1) is trading below our estimate of fair value ($509.73)
Significantly Below Fair Value: WTBF.B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WTBF.B is good value based on its PE Ratio (8.8x) compared to the US Banks industry average (9.9x).
PE vs Market: WTBF.B is good value based on its PE Ratio (8.8x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WTBF.B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WTBF.B is overvalued based on its PB Ratio (0.9x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is W.T.B. Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.9%
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 W.T.B. Financial 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
- Examine whether W.T.B. Financial 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 W.T.B. Financial's filings and announcementshere.
- Explore growth companies in the Banks industry.
Past Performance
How has W.T.B. Financial performed over the past 5 years?
15.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WTBF.B has high quality earnings.
Growing Profit Margin: WTBF.B's current net profit margins (26.9%) are lower than last year (28.8%).
Past Earnings Growth Analysis
Earnings Trend: WTBF.B's earnings have grown by 15.1% per year over the past 5 years.
Accelerating Growth: WTBF.B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WTBF.B had negative earnings growth (-2.6%) over the past year, making it difficult to compare to the Banks industry average (-3.6%).
Return on Equity
High ROE: WTBF.B's Return on Equity (10.5%) is considered low.
Next Steps
Financial Health
How is W.T.B. Financial'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: WTBF.B's Assets to Equity ratio (11.3x) is moderate.
Allowance for Bad Loans: WTBF.B has a sufficient allowance for bad loans (671%).
Low Risk Liabilities: 94% of WTBF.B's liabilities are made up of primarily low risk sources of funding.
Loan Level: WTBF.B has an appropriate level of Loans to Assets ratio (64%).
Low Risk Deposits: WTBF.B's Loans to Deposits ratio (75%) is appropriate.
Level of Bad Loans: WTBF.B has an appropriate level of bad loans (0.3%).
Next Steps
Dividend
What is W.T.B. Financial current dividend yield, its reliability and sustainability?
2.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WTBF.B's dividend (2.63%) is higher than the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: WTBF.B's dividend (2.63%) is low compared to the top 25% of dividend payers in the US market (4.86%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, WTBF.B has been paying a dividend for less than 10 years.
Growing Dividend: WTBF.B's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.5%), WTBF.B'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
How experienced are the management team and are they aligned to shareholders interests?
12.8yrs
Average management tenure
CEO
Pete Stanton (63 yo)
23.75yrs
Tenure
Mr. Peter F. Stanton, also known as Pete, has served as Chairman of the Board and Chief Executive Officer of Washington Trust Bank (“Bank”) since March of 2000. Prior to this, Mr. Stanton was President, Ch ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 23.75yrs | no data | no data | |
| Executive VP | no data | no data | no data | |
| Senior VP & CFO | 12.75yrs | no data | no data | |
| Vice President | no data | no data | no data | |
| Financial Accountant III | 11.58yrs | no data | no data | |
| Senior Vice President | no data | no data | no data | |
| Senior Vice President of Marketing & Development - Washington Trust Bank | no data | no data | no data | |
| Senior Vice President of Credit Administration-Washington Trust Bank | no data | no data | no data | |
| President - Western Washington Region & EVP - Commercial -Washington Trust Bank | no data | no data | no data | |
| President of Oregon Region of Commercial Banking-Washington Trust Bank | no data | no data | no data | |
| Senior Vice President of Commercial Banking-Washington Trust Bank | no data | no data | no data | |
| Senior Vice President of Commercial Banking-Washington Trust Bank | no data | no data | no data |
12.8yrs
Average Tenure
Experienced Management: WTBF.B's management team is seasoned and experienced (12.8 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: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
W.T.B. Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: W.T.B. Financial Corporation
- Ticker: WTBF.B
- Exchange: OTCPK
- Founded: 1902
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$718.863m
- Shares outstanding: 2.55m
- Website: https://www.watrust.com
Number of Employees
Location
- W.T.B. Financial Corporation
- 717 West Sprague Avenue
- Spokane
- Washington
- 99201
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WTBF.A | OTCPK (Pink Sheets LLC) | Class A Common Stock | US | USD | Sep 1995 | |
| WTBF.B | OTCPK (Pink Sheets LLC) | Yes | Class B Common Stock | US | USD | Jun 1998 |
Biography
W.T.B. Financial Corporation operates as the bank holding company for Washington Trust Bank that provides banking, fiduciary, asset management, mortgage banking, and other financial services to corporate a ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 00:14 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.