Stilwell Joseph

recently revealed that they own a 9.7% stake in Wayne Savings Bancshares Inc. (NASDAQ:WAYN) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Tuesday, August 22nd. The investor owns 269,853 shares of the stock worth $4,614,702. The reporting parties listed on the disclosure included Stilwell Value Partners VII, LP, Stilwell Activist Fund, LP, Stilwell Activist Investments, LP, Stilwell Partners, LP, Stilwell Value LLC and Joseph Stilwell. The disclosure is available through EDGAR at this link.

Stilwell Joseph

provided the following explanation of their ownership:

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Separately, Dimensional Fund Advisors LP increased its stake in shares of Wayne Savings Bancshares by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 45,915 shares of the savings and loans company’s stock valued at $803,000 after buying an additional 215 shares during the period. 19.73% of the stock is owned by institutional investors.

Wayne Savings Bancshares Inc. (WAYN) traded up 0.05% during midday trading on Tuesday, hitting $17.11. The stock had a trading volume of 1,902 shares. The firm has a 50 day moving average of $17.32 and a 200 day moving average of $17.68. The firm has a market cap of $47.12 million, a price-to-earnings ratio of 21.41 and a beta of 0.26. Wayne Savings Bancshares Inc. has a 52 week low of $13.25 and a 52 week high of $18.75.

Wayne Savings Bancshares (NASDAQ:WAYN) last posted its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.27 EPS for the quarter. Wayne Savings Bancshares had a return on equity of 5.30% and a net margin of 12.16%. The company had revenue of $4.24 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 12th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, July 10th. This represents a $0.36 annualized dividend and a yield of 2.11%. Wayne Savings Bancshares’s dividend payout ratio (DPR) is currently 45.00%.

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About Wayne Savings Bancshares

Wayne Savings Bancshares, Inc is the unitary thrift holding company for Wayne Savings Community Bank (the Bank). The Bank is a community-oriented institution, which offers a range of consumer and business financial services. The Bank’s primary lending and deposit gathering area includes Wayne, Holmes, Ashland, Medina and Stark counties, where it operates over 10 offices.

Institutional Ownership by Quarter for Wayne Savings Bancshares (NASDAQ:WAYN)

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