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MSB Financial

Nasdaq:MSBF
Snowflake Description

Flawless balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MSBF
Nasdaq
$51M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

MSB Financial Corp. operates as the bank holding company for Millington Bank that provides various banking products and services in New Jersey. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • MSB Financial has significant price volatility in the past 3 months.
MSBF Share Price and Events
7 Day Returns
0%
NasdaqGM:MSBF
-13%
US Mortgage
-2.6%
US Market
1 Year Returns
-36%
NasdaqGM:MSBF
-36.4%
US Mortgage
-13.3%
US Market
MSBF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MSB Financial (MSBF) 0% -20.9% -34.4% -36% -30.8% 15.3%
US Mortgage -13% -36.1% -41.2% -36.4% -33.7% -20.9%
US Market -2.6% -15.2% -22.2% -13.3% 5.7% 17.2%
1 Year Return vs Industry and Market
  • MSBF matched the Mortgage industry (-36.4%) over the past year.
  • MSBF underperformed the Market in United States of America which returned -13.3% over the past year.
Price Volatility
MSBF
Industry
5yr Volatility vs Market
Related Companies

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MSB Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MSB Financial.

NasdaqGM:MSBF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $13.07 * 5.3%
$0.69
Book Value of Equity per Share Median Book Value from the past 5 years. $13.07
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:MSBF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.605 (1 + (1- 21%) (103%))
0.945
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.945 * 5.44%)
6.88%

Discounted Cash Flow Calculation for NasdaqGM:MSBF using Excess Returns Model Model

The calculations below outline how an intrinsic value for MSB Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:MSBF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.3% – 6.88%) * $13.07)
$-0.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.21 / (6.88% - 1.74%)
$-3.99
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $13.07 + $-3.99
$9.08
NasdaqGM:MSBF Discount to Share Price
Calculation Result
Value per share (USD) From above. $9.08
Current discount Discount to share price of $11.48
= -1 x ($11.48 - $9.08) / $9.08
-26.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of MSB Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MSB Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MSB Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:MSBF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.81
NasdaqGM:MSBF Share Price ** NasdaqGM (2020-04-06) in USD $11.48
United States of America Mortgage Industry PE Ratio Median Figure of 121 Publicly-Listed Mortgage Companies 10.25x
United States of America Market PE Ratio Median Figure of 2,946 Publicly-Listed Companies 12.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MSB Financial.

NasdaqGM:MSBF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:MSBF Share Price ÷ EPS (both in USD)

= 11.48 ÷ 0.81

14.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MSB Financial is overvalued based on earnings compared to the US Mortgage industry average.
  • MSB Financial is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does MSB Financial's expected growth come at a high price?
Raw Data
NasdaqGM:MSBF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Mortgage Industry PEG Ratio Median Figure of 46 Publicly-Listed Mortgage Companies -0.15x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for MSB Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MSB Financial's assets?
Raw Data
NasdaqGM:MSBF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $13.03
NasdaqGM:MSBF Share Price * NasdaqGM (2020-04-06) in USD $11.48
United States of America Mortgage Industry PB Ratio Median Figure of 133 Publicly-Listed Mortgage Companies 0.76x
United States of America Market PB Ratio Median Figure of 5,158 Publicly-Listed Companies 1.22x
NasdaqGM:MSBF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:MSBF Share Price ÷ Book Value per Share (both in USD)

= 11.48 ÷ 13.03

0.88x

* Primary Listing of MSB Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MSB Financial is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess MSB Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. MSB Financial has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 MSB 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.8%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MSB Financial expected to grow at an attractive rate?
  • Unable to compare MSB Financial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MSB Financial's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare MSB Financial's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:MSBF Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:MSBF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:MSBF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 19 4 4
2019-09-30 18 5 4
2019-06-30 19 5 4
2019-03-31 19 6 4
2018-12-31 19 6 5
2018-09-30 18 5 4
2018-06-30 17 5 4
2018-03-31 17 4 3
2017-12-31 16 5 3
2017-09-30 15 4 3
2017-06-30 13 3 2
2017-03-31 13 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MSB Financial is high growth as no earnings estimate data is available.
  • Unable to determine if MSB Financial is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:MSBF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MSB Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MSBF Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.81
2019-09-30 0.80
2019-06-30 0.82
2019-03-31 0.82
2018-12-31 0.90
2018-09-30 0.71
2018-06-30 0.68
2018-03-31 0.58
2017-12-31 0.49
2017-09-30 0.53
2017-06-30 0.37
2017-03-31 0.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if MSB Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine MSB Financial's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. MSB Financial's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. MSB Financial's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess MSB Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MSB Financial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MSB Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MSB Financial's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MSB Financial has delivered over 20% year on year earnings growth in the past 5 years.
  • MSB Financial's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MSB Financial's 1-year earnings growth is negative, it can't be compared to the US Mortgage industry average.
Earnings and Revenue History
MSB Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MSB Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MSBF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 18.54 4.10 11.26
2019-09-30 18.42 4.11 11.21
2019-06-30 18.77 4.31 11.37
2019-03-31 18.70 4.33 11.34
2018-12-31 18.51 4.84 10.49
2018-09-30 18.19 3.85 10.38
2018-06-30 17.21 3.71 10.20
2018-03-31 16.50 3.20 10.21
2017-12-31 15.67 2.72 9.97
2017-09-30 14.54 2.93 9.68
2017-06-30 13.23 2.06 9.34
2017-03-31 12.64 1.55 9.11
2016-12-31 11.85 1.16 8.78
2016-09-30 11.37 0.69 8.37
2016-06-30 11.49 0.64 8.01
2016-03-31 10.86 0.39 7.88
2015-12-31 10.65 0.44 7.49
2015-09-30 10.46 0.43 7.45
2015-06-30 10.20 0.40 7.34
2015-03-31 10.04 0.68 6.72
2014-12-31 9.90 0.71 6.57
2014-09-30 9.79 0.97 6.38
2014-06-30 9.69 0.99 6.26
2014-03-31 9.54 0.94 6.27
2013-12-31 9.37 0.78 6.34
2013-09-30 6.45 -1.05 6.48
2013-06-30 5.92 -1.39 6.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • MSB Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MSB Financial used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if MSB Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess MSB Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MSB Financial has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MSB Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of MSB Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MSB Financial Company Filings, last reported 3 months ago.

NasdaqGM:MSBF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 65.38 51.58 18.45
2019-09-30 64.22 47.28 15.73
2019-06-30 66.38 95.08 15.67
2019-03-31 66.89 64.28 10.81
2018-12-31 66.65 94.28 11.80
2018-09-30 70.01 80.08 22.07
2018-06-30 68.51 82.18 16.76
2018-03-31 69.76 58.08 17.80
2017-12-31 73.03 37.68 23.24
2017-09-30 72.54 68.38 10.40
2017-06-30 74.99 38.68 11.64
2017-03-31 74.07 49.18 13.85
2016-12-31 73.19 22.68 23.99
2016-09-30 72.57 22.68 34.25
2016-06-30 75.38 22.68 32.06
2016-03-31 76.56 22.68 18.10
2015-12-31 76.36 32.68 16.36
2015-09-30 76.35 32.68 20.35
2015-06-30 41.26 30.00 71.54
2015-03-31 41.29 37.10 11.20
2014-12-31 41.03 30.00 11.82
2014-09-30 41.12 32.00 13.51
2014-06-30 40.69 38.00 12.34
2014-03-31 40.49 30.00 9.77
2013-12-31 40.16 33.50 10.93
2013-09-30 39.84 30.00 13.99
2013-06-30 39.39 30.00 30.04
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • MSB Financial has an acceptable proportion of non-loan assets held.
  • MSB Financial's liabilities are made up of primarily low risk sources of funding.
  • Loans at MSB Financial are broadly funded by customer deposits.
  • MSB Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • MSB Financial has a sufficient allowance for bad loans.
  • MSB Financial has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess MSB Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MSB Financial has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is MSB Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.36%
Current annual income from MSB Financial dividends.
If you bought $2,000 of MSB Financial shares you are expected to receive $87 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • MSB Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.01%).
  • MSB Financial's dividend is below the markets top 25% of dividend payers in United States of America (5.66%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:MSBF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 5.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:MSBF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-13 0.500 4.211
2020-01-30 0.500 3.153
2019-08-06 0.960 5.904
2018-11-07 0.905 5.274
2018-10-31 0.445 2.372
2018-10-18 0.445 2.389
2018-05-15 0.445 2.153
2014-09-15 0.000 0.000
2014-05-16 0.000 0.000
2014-05-13 0.000 0.000
2014-02-18 0.000 0.000
2014-02-12 0.000 0.000
2013-11-15 0.000 0.000
2013-11-13 0.000 0.000
2013-10-01 0.000 0.000
2013-09-06 0.000 0.000
2013-05-23 0.000 0.000
2013-05-10 0.000 0.000
2013-02-15 0.000 0.000
2012-09-19 0.000 0.000
2012-08-15 0.105 2.078
2012-06-19 0.105 2.121
2012-05-14 0.105 2.104
2012-05-07 0.105 2.052
2012-03-15 0.105 2.000
2012-02-14 0.105 2.218
2012-02-02 0.105 2.181
2011-12-14 0.105 2.458
2011-11-14 0.105 2.342
2011-11-04 0.105 2.633
2011-09-26 0.105 2.365
2011-08-31 0.105 2.356
2011-06-24 0.105 2.168
2011-05-12 0.105 2.119
2011-04-29 0.105 2.147
2011-03-17 0.105 2.137
2011-02-14 0.105 2.075
2011-02-03 0.105 1.894
2010-12-16 0.105 2.020
2010-09-17 0.105 1.865
2010-08-02 0.105 1.650
2010-06-16 0.105 1.625
2010-03-12 0.105 1.535
2010-02-12 0.105 1.655
2009-09-23 0.105 1.482
2009-06-09 0.105 1.345

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of MSB Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MSB Financial 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.
X
Income/ dividend checks
We assess MSB Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MSB Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MSB Financial has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Shriner
COMPENSATION $429,972
AGE 55
TENURE AS CEO 6.3 years
CEO Bio

Mr. Michael A. Shriner has been the Chief Executive Officer and President of MSB Financial Corp. since 2014 and its subsidiary, Millington Savings Bank since 2012. Mr. Shriner served as the Chief Operating Officer and Executive Vice President of MSB Financial Corp. He served as an Executive Vice President and Chief Operating Officer of Millington Savings Bank (MSB), subsidiary of MSB Financial Corp. since 2002 and since 2006 until 2012 respectively. He joined the Millington Savings Bank in 1987. He served as Vice President of Millington Savings Bank since 1990 and Senior Vice President since 1997. Mr. Shriner serves as Financial Secretary for the Knights of Columbus in Roselle Park, New Jersey. He has been a Director of MSB Financial Corp. since 2014. He has been a Director of Millington Savings Bank since 1999. Mr. Shriner is a Graduate of The National School of Banking, Fairfield University. He also serves as a Trustee for HomeSharing, Inc.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michael's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the MSB Financial management team in years:

6.3
Average Tenure
61
Average Age
  • The average tenure for the MSB Financial management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Shriner

TITLE
President
COMPENSATION
$430K
AGE
55
TENURE
6.3 yrs

Robert Russell

TITLE
Executive VP & COO
COMPENSATION
$327K
AGE
52
TENURE
5.3 yrs

Nancy Schmitz

TITLE
Senior VP
COMPENSATION
$255K
AGE
63

John Bailey

TITLE
Executive VP & Chief Lending Officer
COMPENSATION
$277K
AGE
64

John Kaufman

TITLE
First VP & CFO
AGE
37
TENURE
4.6 yrs

Linda Psillakis

TITLE
Chief Risk Officer & VP
AGE
61
TENURE
14.3 yrs

Betty Zangari

TITLE
VP & Assistant Corporate Secretary
AGE
75
TENURE
14.3 yrs
Board of Directors Tenure

Average tenure and age of the MSB Financial board of directors in years:

4
Average Tenure
60
Average Age
  • The tenure for the MSB Financial board of directors is about average.
Board of Directors

W. Gallaway

TITLE
Chairman of the Board
COMPENSATION
$87K
AGE
73
TENURE
6.3 yrs

Michael Shriner

TITLE
President
COMPENSATION
$430K
AGE
55
TENURE
6.3 yrs

Robert Vollers

TITLE
Independent Director
COMPENSATION
$46K
AGE
60
TENURE
4.3 yrs

Ray Vanaria

TITLE
Independent Director
COMPENSATION
$46K
AGE
60
TENURE
4.2 yrs

Gary Jolliffe

TITLE
Independent Director
COMPENSATION
$45K
AGE
75
TENURE
6.3 yrs

Larry Seidman

TITLE
Independent Director
COMPENSATION
$44K
AGE
71
TENURE
3.8 yrs

H. Gabriel

TITLE
Independent Director
COMPENSATION
$44K
AGE
51
TENURE
3.3 yrs

Robert Andersen

TITLE
Independent Director
COMPENSATION
$44K
AGE
55
TENURE
2.9 yrs

Milena Schaefer

TITLE
Independent Director
COMPENSATION
$44K
AGE
43
TENURE
2.2 yrs

Anthony Bruno

TITLE
Independent Director
COMPENSATION
$41K
AGE
64
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
10. May 19 Sell Veteri Place Corporation Company 09. May 19 09. May 19 -9,300 $16.75 $-155,775
10. May 19 Buy Veteri Place Corporation Company 08. May 19 08. May 19 9,300 $16.75 $155,775
X
Management checks
We assess MSB Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MSB Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

MSB Financial Corp. (NASDAQ:MSBF) Passed Our Checks, And It's About To Pay A 3.1% Dividend

That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. … Check out our latest analysis for MSB Financial Dividends are typically paid from company earnings. … If you're in the market for dividend stocks, we recommend checking our list of top dividend stocks with a greater than 2% yield and an upcoming dividend.

Simply Wall St -

Should We Worry About MSB Financial Corp.'s (NASDAQ:MSBF) P/E Ratio?

See our latest analysis for MSB Financial How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for MSB Financial: P/E of 19.72 = $16.2 ÷ $0.82 (Based on the year to June 2019.) Is A High Price-to-Earnings Ratio Good? … NasdaqGM:MSBF Price Estimation Relative to Market, August 8th 2019 Its relatively high P/E ratio indicates that MSB Financial shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

Can We See Significant Insider Ownership On The MSB Financial Corp. (NASDAQ:MSBF) Share Register?

Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. … View our latest analysis for MSB Financial NasdaqGM:MSBF Ownership Summary, July 3rd 2019 What Does The Institutional Ownership Tell Us About MSB Financial? … We can see that MSB Financial does have institutional investors; and they hold 12% of the stock.

Simply Wall St -

If You Had Bought MSB Financial (NASDAQ:MSBF) Stock Five Years Ago, You Could Pocket A 110% Gain Today

There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, MSB Financial achieved compound earnings per share (EPS) growth of 37% per year. … We note that for MSB Financial the TSR over the last 5 years was 125%, which is better than the share price return mentioned above.

Simply Wall St -

What Kind Of Shareholder Appears On The MSB Financial Corp.'s (NASDAQ:MSBF) Shareholder Register?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … MSB Financial is a smaller company with a market capitalization of US$93m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Despite Its High P/E Ratio, Is MSB Financial Corp. (NASDAQ:MSBF) Still Undervalued?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … MSB Financial has a price to earnings ratio of 25.7, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is MSB Financial Corp. (NASDAQ:MSBF) Excessively Paying Its CEO?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Michael Shriner's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m

Simply Wall St -

Should You Be Tempted To Sell MSB Financial Corp (NASDAQ:MSBF) Because Of Its PE Ratio?

This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Although some investors may see this as unappealing, it is important to understand the assumptions behind the P/E ratio before making judgments.

Simply Wall St -

Will MSB Financial Corp (NASDAQ:MSBF) Continue To Underperform Its Industry?

MSB Financial Corp (NASDAQ:MSBF) performed in line with its thrifts and mortgage finance industry on the basis of its ROE – producing a return of 5.41% relative to the peer average of 6.61% over the past 12 months. … I will take you through how metrics such as financial leverage impact ROE which may affect the overall sustainability of MSBF's returns … View our latest analysis for MSB Financial

Simply Wall St -

How MSB Financial Corp's (NASDAQ:MSBF) Earnings Growth Stacks Up Against The Industry

Examining MSB Financial Corp's (NASDAQ:MSBF) past track record of performance is a valuable exercise for investors. … Below, I will assess MSBF's latest performance announced on 31 March 2018 and weigh these figures against its longer term trend and industry movements. … MSBF's trailing twelve-month earnings (from 31 March 2018) of US$3.20m has

Simply Wall St -

Company Info

Description

MSB Financial Corp. operates as the bank holding company for Millington Bank that provides various banking products and services in New Jersey. The company offers deposit products, including checking accounts; savings accounts, such as regular passbook, statement, money market, and club accounts, as well as six-level tiered savings accounts; certificates of deposit; and fixed or variable rate individual retirement accounts. Its loan portfolio comprises one-to four-family real estate mortgage loans, commercial and multi-family real estate mortgage loans, construction loans, commercial and industrial loans, and home equity loans and lines of credit, as well as consumer loans consisting of new and used automobile loans, secured and unsecured personal loans, account loans, and overdraft lines of credit. The company was founded in 1911 and is based in Millington, New Jersey.

Details
Name: MSB Financial Corp.
MSBF
Exchange: NasdaqGM
Founded: 1911
$51,008,234
4,443,226
Website: http://www.millingtonbank.com
Address: MSB Financial Corp.
1902 Long Hill Road,
Millington,
New Jersey, 07946,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM MSBF Common Stock Nasdaq Global Market US USD 05. Jan 2007
Number of employees
Current staff
Staff numbers
0
MSB Financial employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 04:23
End of day share price update: 2020/04/06 00:00
Last earnings filing: 2020/03/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.