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Daily Investment Brief: WVS Financial Corp.

|About: WVS Financial Corp. (WVFC)
Summary

WVS FINANCIAL CORP has improved earnings per share by 9.4% in the most recent quarter compared to the same quarter a year ago.

During the past fiscal year, WVS FINANCIAL CORP increased its bottom line by earning $1.57 versus $1.17 in the prior year.

The net income growth from the same quarter one year ago has significantly exceeded that of the Credit Intermediation and Related Activities subsector average but is less than that of.

Company Overview

WVS Financial Corp. (WVFC) operates as the bank holding company for West View Savings Bank that provides various banking products and services to residents and businesses.

The company offers various deposit products, including regular savings accounts, demand accounts, negotiable order of withdrawal accounts, money market deposit accounts, and certificates of deposit, as well as individual retirement account certificates.

It also provides single-family and multi-family residential real estate loans; commercial real estate loans; construction loans; land acquisition and development loans; commercial loans comprising loans secured by accounts receivable, marketable investment securities, business inventory and equipment, and related collaterals; and consumer loans, such as home equity loans, home equity lines of credit, loans secured by deposit accounts, and personal and education loans.

The company operates six offices in the North Hills suburbs of Pittsburgh, Pennsylvania. WVS Financial Corp. was founded in 1993 and is based in Pittsburgh, Pennsylvania.

Notes

  • WVS FINANCIAL CORP has improved earnings per share by 9.4% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years.
  • During the past fiscal year, WVS FINANCIAL CORP increased its bottom line by earning $1.57 versus $1.17 in the prior year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the Credit Intermediation and Related Activities subsector average but is less than that of the S&P 500.
  • The net income increased by 4.0% when compared to the same quarter one year prior, going from $0.59 million to $0.62 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Credit Intermediation and Related Activities subsector and the overall market, WVS FINANCIAL CORP's return on equity is below that of both the subsector average and the S&P 500.
  • In its most recent trading session, WVFC has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Looking ahead, although the push and pull of the overall market trend could certainly make a critical difference, I do not see any strong reason stemming from the company's fundamentals that would cause a continuation of last year's decline. In fact, the stock is now selling for less than others in its subsector in relation to its current earnings.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.