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WTBF

W.T.B. FinancialOTCPK:WTBF.B Stock Report

Last Price

US$395.00

Market Cap

US$1.0b

7D

-0.3%

1Y

11.3%

Updated

25 Jan, 2022

Data

Company Financials
WTBF.B fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

WTBF.B Stock Overview

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.

W.T.B. Financial Competitors

Mechanics Bank

OTCPK:MCHB

US$1.7b

First Foundation

NasdaqGM:FFWM

US$1.5b

National Bank Holdings

NYSE:NBHC

US$1.4b

TriCo Bancshares

NasdaqGS:TCBK

US$1.3b

Price History & Performance

Summary of all time highs, changes and price drops for W.T.B. Financial
Historical stock prices
Current Share PriceUS$395.00
52 Week HighUS$410.00
52 Week LowUS$353.00
Beta0.76
1 Month Change3.13%
3 Month Change3.95%
1 Year Change11.27%
3 Year Change10.90%
5 Year Change31.67%
Change since IPO997.22%

Recent News & Updates

Shareholder Returns

WTBF.BUS BanksUS Market
7D-0.3%-4.5%-5.1%
1Y11.3%28.6%3.3%

Return vs Industry: WTBF.B underperformed the US Banks industry which returned 26.6% over the past year.

Return vs Market: WTBF.B exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is WTBF.B's price volatile compared to industry and market?
WTBF.B volatility
WTBF.B Average Weekly Movement2.3%
Banks Industry Average Movement3.9%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: WTBF.B is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: WTBF.B's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19021,101Pete Stantonhttps://www.watrust.com

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. The company accepts checking, savings and money market, health savings, individual retirement, and analyzed accounts, as well as certificates of deposit. It also offers credit and debit cards; home, auto, boat, motorcycle, motor home, home equity, equipment, debt refinancing, term, and agriculture loans; and SBA and commercial real estate financing, as well as revolving, personal, and home equity lines of credit.

W.T.B. Financial Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
WTBF.B income statement (TTM)
RevenueUS$341.82m
Cost of RevenueUS$0
Gross ProfitUS$341.82m
ExpensesUS$252.03m
EarningsUS$89.79m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)35.37
Gross Margin100.00%
Net Profit Margin26.27%
Debt/Equity Ratio32.0%

How did WTBF.B perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is W.T.B. Financial undervalued compared to its fair value and its price relative to the market?

41.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WTBF.B ($395) is trading below our estimate of fair value ($680.1)

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 poor value based on its PE Ratio (11.2x) compared to the US Banks industry average (11x).

PE vs Market: WTBF.B is good value based on its PE Ratio (11.2x) compared to the US market (16.5x).


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's PB Ratio (1.2x) is in line with the US Banks industry average.


Future Growth

How is W.T.B. Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.6%

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.


Past Performance

How has W.T.B. Financial performed over the past 5 years?

12.2%

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 (26.3%) are higher than last year (25.9%).


Past Earnings Growth Analysis

Earnings Trend: WTBF.B's earnings have grown by 12.2% per year over the past 5 years.

Accelerating Growth: WTBF.B's earnings growth over the past year (13.6%) exceeds its 5-year average (12.2% per year).

Earnings vs Industry: WTBF.B earnings growth over the past year (13.6%) underperformed the Banks industry 43.4%.


Return on Equity

High ROE: WTBF.B's Return on Equity (11%) is considered low.


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 (12.9x) is moderate.

Allowance for Bad Loans: WTBF.B has a low allowance for bad loans (99%).

Low Risk Liabilities: 96% 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 (50%).

Low Risk Deposits: WTBF.B's Loans to Deposits ratio (57%) is appropriate.

Level of Bad Loans: WTBF.B has a high level of bad loans (2.6%).


Dividend

What is W.T.B. Financial current dividend yield, its reliability and sustainability?

1.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WTBF.B's dividend (1.87%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: WTBF.B's dividend (1.87%) is low compared to the top 25% of dividend payers in the US market (3.57%).


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 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.9%), 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?

14.0yrs

Average management tenure


CEO

Pete Stanton (64 yo)

25yrs

Tenure

Mr. Peter F. Stanton, also known as Pete, has served as Chairman of the Board and Chief Executive Officer of Washington Trust Bank since March of 2000. Prior to this, Mr. Stanton was President, Chief Execu...


Leadership Team

Experienced Management: WTBF.B's management team is seasoned and experienced (14 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 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
  • Implied Market Cap: US$1.007b
  • Shares outstanding: 2.54m
  • Website: https://www.watrust.com

Number of Employees


Location

  • W.T.B. Financial Corporation
  • 717 West Sprague Avenue
  • Spokane
  • Washington
  • 99201
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/25 23:27
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.