Hot Stock Alert: MSB Financial Corp. (NASDAQ: MSBF)

On Tuesday, MSB Financial Corp. (NASDAQ: MSBF) negotiated 3,178 shares against it an average volume of 114.561M shares. The stock concluded the recent trade at $21.50. The company has total market value of 0.12 billion. The company has got a 52-week exceptional price of $17.10 and reached a 52-week lowest of the share price at $20.28. The daily trading range was observed between a day’s low price of $17.10 to a day’s high price of $21.95.

MSB Financial Corp. (MSBF) parent company of Millington Bank, stated recently the results of its operations for the 3 months ended March 31, 2018.

The Company stated net income of $1.0M, or $0.19 per diluted ordinary share, for the 3-months ended March 31, 2018, contrast to net income of $549,000, or $0.10 per diluted ordinary share, for the 3 months ended March 31, 2017. The rise in net income was primarily attributable to the combined effects of a raise of net interest income of $707,000 and a decrease of $105,000 in the provision for loan losses, offset by a raise in non-interest expenses of $270,000.

Highlights for the quarter:

• Return on average assets was 0.74 percent for the 3-months ended March 31, 2018 contrast to 0.48 percent for the 3 months ended March 31, 2017 and return on average equity was 5.65 percent for the 3-months ended March 31, 2018 contrast to 2.97 percent for the 3-months ended March 31, 2017.
• Net interest margin reduced 5 basis points to 3.24 percent for the quarter ended March 31, 2018 from 3.29 percent for the quarter ended March 31, 2017Because of a change deposit pricing.
• The efficiency ratio which is calculated by calculated by dividing non-interest expense by the sum of net interest income and non-interest income, improved to 66.29 percent for the quarter ended March 31, 2018 from 71.83 percent for the quarter ended March 31, 2017 driven by an raise in net interest income year over year.
• Non-performing assets were at 0.64 percent of total assets at March 31, 2018 contrast with 0.73 percent at December 31, 2017. The allowance for loan losses as a percentage of total non-performing loans was 153.24 percent at March 31, 2018 contrast to 130.99 percent at December 31, 2017.
• The Company’s balance sheet reflected total asset growth of $1.0M at March 31, 2018, contrast to December 31, 2017, combined with improving asset quality, and capital levels that exceeded regulatory standards for a well-capitalized institution.
• During the quarter, the Company repurchased 244,537 shares of ordinary stock for a total of $4.4M as part of its stock repurchase plan. The average price paid per share was $17.92.
• The effective tax rate improved to 28.5 percent for the quarter ended March 31, 2018 contrast to 36.9 percent for the quarter ended March 31, 2017 primarily Because of the passage of the Tax Cuts and Jobs Act.

Net Interest Income

• Total interest income for the 3 months ended March 31, 2018 raised $1.1M, or 26.5 percent, to $5.4M contrast to $4.3M for the 1^st quarter of 2017. Interest income raised in the quarter ended March 31, 2018 contrast to the comparable period in 2017, primarily Because of a $100.9M raise in average loan balances. Total interest expense raised by $429,000, or 61.5 percent, to $1.1M, for the three months ended March 31, 2018 contrast to the same period in 2017Because of a mix of higher deposit rates and average deposit balances.
• Net interest income for the three months ended March 31, 2018 raised $707,000, or 19.7 percent to $4.3M contrast to $3.6M for the same 3-month period in 2017. The change for the 3-months ended March 31, 2018 was primarily a result of a raise in average earning assets of $94.4M. The annualized net interest spread was 3.07 percent and 3.12 percent for the 3-months ended March 31, 2018 and 2017, respectively. For the quarter ended March 31, 2018, the Company’s annualized net interest margin reduced to 3.24 percent contrast to 3.29 percent for the corresponding 3-month period in 2017.

Statement of Condition Highlights at March 31, 2018

• Balance sheet growth, with total assets amounting to $564.0M at March 31, 2018, an raise of $1.0M, or 0.18 percent, contrast to December 31, 2017.
• The Company’s total gross loans receivable were $486.4M at March 31, 2018, an raise of $7.6M, or 1.6 percent, from December 31, 2017.
• Securities held to maturity were $36.4M at March 31, 2018, a decrease of $2.1M, or 5.5 percent, contrast to December 31, 2017.
• Deposits totaled $433.8M at March 31, 2018, a decrease of $15.1M, or 3.4 percent, contrast to December 31, 2017.
• Borrowings totaled $58.1M at March 31, 2018, an raise of $20.4M, or 54.1 percent, contrast to $37.7M at December 31, 2017.

The company plunged -0.69 percent in past week and climbed 8.95 percent in one month. During the past three month period the stock surged 20.41 percent and increased 22.13 percent in past six month. During the twelve month it added 26.13 percent and year to date performance of 22.47 percent.

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