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Last $13.15 USD
Change Today -0.23 / -1.72%
Volume 1.2K
WAYN On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

wayne savings bancshares inc (WAYN) Snapshot

Open
$13.20
Previous Close
$13.38
Day High
$13.22
Day Low
$13.15
52 Week High
11/19/14 - $14.59
52 Week Low
05/7/14 - $11.80
Market Cap
36.9M
Average Volume 10 Days
4.4K
EPS TTM
$0.87
Shares Outstanding
2.8M
EX-Date
04/13/15
P/E TM
15.1x
Dividend
$0.36
Dividend Yield
2.74%
Current Stock Chart for WAYNE SAVINGS BANCSHARES INC (WAYN)

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wayne savings bancshares inc (WAYN) Details

Wayne Savings Bancshares, Inc. operates as the unitary thrift holding company for Wayne Savings Community Bank that provides consumer and business financial services to individuals, business, and other organizations. It accepts various consumer and commercial deposits, including checking accounts, savings accounts, money market accounts, term certificate of deposit accounts, and individual retirement accounts. The company also originates one-to-four family residential real estate loans, multi-family residential, commercial, and nonresidential real estate loans, as well as non-real estate secured commercial loans, consumer loans, and construction loans. It operates 11 full-service offices in Wayne, Holmes, Ashland, Medina, and Stark counties in northeast Ohio. The company was founded in 1899 and is headquartered in Wooster, Ohio.

92 Employees
Last Reported Date: 03/20/15
Founded in 1899

wayne savings bancshares inc (WAYN) Top Compensated Officers

Chief Executive Officer, President, Chief Exe...
Total Annual Compensation: $161.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $100.6K
Senior Vice President of Wayne Savings Commun...
Total Annual Compensation: $127.1K
Compensation as of Fiscal Year 2014.

wayne savings bancshares inc (WAYN) Key Developments

Wayne Savings Bancshares, Inc. Announces Unaudited Consolidated Earnings for the First Quarter Ended March 31, 2015; Reports Charge-Offs for the First Quarter Ended March 31, 2015

Wayne Savings Bancshares Inc. announced unaudited consolidated earnings for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $3,072,000 against $3,179,000 a year ago. Interest income decreased $163,000 during the 2015 quarter mainly due to a decrease in the rates earned on those assets from 3.85% in the prior year quarter to 3.62% in the current year quarter, partially offset by a $6.4 million increase in the average balance of interest-earning assets. Net income was $440,000 against $670,000 a year ago. Net interest income after provision for loan losses was $2,839,000 against $3,171,000 a year ago. Income before federal income taxes was $567,000 against $891,000 a year ago. Diluted earnings per share were $0.16 against $0.24 a year ago. The decrease in net income was primarily due to a decrease in net interest income and an increase in both the provision for loan losses and noninterest expense, partially offset by an increase in noninterest income and a decrease in the provision for federal income taxes. The return on average equity and return on average assets for the 2015 quarter were 4.36% and 0.42%, respectively, compared to 6.89% and 0.65%, respectively, for the 2014 quarter. Book value per share as at March 31, 2015 was $14.38 against $14.25 a year ago. For the quarter, the company reported charge-offs totaling of $654,000 related to nonperforming loans during the current year quarter.

Wayne Savings Bancshares Inc. Declares a Cash Dividend for the Quarter Ending March 31, 2015, Payable on April 29, 2015

Wayne Savings Bancshares Inc. has declared a cash dividend of $0.09 per share of the company's common stock for the quarter ending March 31, 2015. This represents an annualized dividend of $0.36 per share. The quarterly cash dividend will be paid on April 29, 2015 to stockholders of record as of April 15, 2015.

Wayne Savings Bancshares Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Wayne Savings Bancshares Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. The company reported net income of $654,000 or $0.24 per basic and diluted share for the quarter ended December 31, 2014, compared to $479,000 or $0.17 per basic and diluted share for the quarter ended December 31, 2013. The return on average equity and return on average assets for the 2014 fourth quarter were 6.46% and 0.63%, respectively, compared to 4.97% and 0.47%, respectively, for the 2013 quarter. Interest income was $3,600,000 for the quarter ended December 31, 2014, compared to $3,703,000 for the quarter ended December 31, 2013. Net interest income was $3,109,000 for the quarter ended December 31, 2014, compared to $3,133,000 for the quarter ended December 31, 2013. Income before federal income taxes was $859,000 against $550,000 a year ago. The increase in net income was primarily due to an increase in noninterest income, and a decrease in both the provision for loan losses and noninterest expense, partially offset by a decrease in net interest income and an increase in the provision for federal income taxes. Interest income decreased $103,000 during the 2014 quarter mainly due to a decrease in the rates earned on those assets from 3.88% in the prior year quarter to 3.68% in the current year quarter. For the twelve months ended December 31, 2014, net income totaled $2,631,000 or $0.95 per basic and diluted share compared to $2,056,000 or $0.72 per basic and diluted share a year ago. Interest income was $14,631,000 for the quarter ended December 31, 2014, compared to $14,397,000 for the quarter ended December 31, 2013. Net interest income was $12,568,000 for the quarter ended December 31, 2014, compared to $12,076,000 for the quarter ended December 31, 2013. Income before federal income taxes was $3,468,000 against $2,689,000 a year ago. The increase in net income was primarily due to an increase in both net interest income and noninterest income and a decrease in noninterest expense, partially offset by an increase in the provision for loan losses and the provision for federal income taxes. The return on average equity and return on average assets for the twelve months ended December 31, 2014 were 6.60% and 0.64%, respectively, compared to 5.24% and 0.51%, respectively, for the twelve months ended December 31, 2013. Net interest income increased $492,000 for the full year ended December 31, 2014 compared to the full year ended December 31, 2013. The increase is primarily due to an increase in the interest rate spread, from 3.17% in the prior year period to 3.19% in the current year period, as a result of interest-bearing deposits re pricing downward more than interest-earning assets. Interest income increased $234,000 during the 2014 period mainly due to a $12.7 million increase in average interest-earning assets.

 

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WAYN Competitors

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Company Last Change
Alliance Bancorp Inc of Pennsylvania $21.20 USD +0.47
Minden Bancorp Inc $20.00 USD 0.00
Naugatuck Valley Financial Corp $9.35 USD 0.00
Poage Bankshares Inc $15.75 USD 0.00
Standard Financial Corp $21.34 USD +0.34
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Industry Analysis

WAYN

Industry Average

Valuation WAYN Industry Range
Price/Earnings 15.2x
Price/Sales 2.6x
Price/Book 0.9x
Price/Cash Flow 15.4x
TEV/Sales 0.1x
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