| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$395.00 |
| 52 Week High | US$410.00 |
| 52 Week Low | US$353.00 |
| Beta | 0.76 |
| 1 Month Change | 3.13% |
| 3 Month Change | 3.95% |
| 1 Year Change | 11.27% |
| 3 Year Change | 10.90% |
| 5 Year Change | 31.67% |
| Change since IPO | 997.22% |
Recent News & Updates
Shareholder Returns
| WTBF.B | US Banks | US Market | |
|---|---|---|---|
| 7D | -0.3% | -4.5% | -5.1% |
| 1Y | 11.3% | 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
| WTBF.B volatility | |
|---|---|
| WTBF.B Average Weekly Movement | 2.3% |
| Banks Industry Average Movement | 3.9% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.4% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1902 | 1,101 | Pete Stanton | https://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
| WTBF.B fundamental statistics | |
|---|---|
| Market Cap | US$1.01b |
| Earnings (TTM) | US$89.79m |
| Revenue (TTM) | US$341.82m |
11.2x
P/E Ratio1.2x
P/B RatioIs WTBF.B overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WTBF.B income statement (TTM) | |
|---|---|
| Revenue | US$341.82m |
| Cost of Revenue | US$0 |
| Gross Profit | US$341.82m |
| Expenses | US$252.03m |
| Earnings | US$89.79m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 35.37 |
| Gross Margin | 100.00% |
| Net Profit Margin | 26.27% |
| Debt/Equity Ratio | 32.0% |
How did WTBF.B perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield21%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/25 23:27 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.