Critical Review: Wayne Savings Bancshares (OTCMKTS:WAYN) & IF Bancorp (NASDAQ:IROQ)

IF Bancorp (NASDAQ:IROQGet Free Report) and Wayne Savings Bancshares (OTCMKTS:WAYNGet Free Report) are both small-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their dividends, profitability, earnings, institutional ownership, risk, analyst recommendations and valuation.

Valuation & Earnings

This table compares IF Bancorp and Wayne Savings Bancshares’ revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
IF Bancorp $36.14 million 1.55 $4.66 million $0.60 27.90
Wayne Savings Bancshares $38.11 million 1.40 $7.83 million $3.55 6.83

Wayne Savings Bancshares has higher revenue and earnings than IF Bancorp. Wayne Savings Bancshares is trading at a lower price-to-earnings ratio than IF Bancorp, indicating that it is currently the more affordable of the two stocks.


This table compares IF Bancorp and Wayne Savings Bancshares’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
IF Bancorp 4.79% 2.71% 0.22%
Wayne Savings Bancshares 20.55% 18.29% 1.13%

Institutional & Insider Ownership

44.1% of IF Bancorp shares are held by institutional investors. Comparatively, 12.1% of Wayne Savings Bancshares shares are held by institutional investors. 14.1% of IF Bancorp shares are held by company insiders. Comparatively, 3.2% of Wayne Savings Bancshares shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.


IF Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 2.4%. Wayne Savings Bancshares pays an annual dividend of $0.92 per share and has a dividend yield of 3.8%. IF Bancorp pays out 66.7% of its earnings in the form of a dividend. Wayne Savings Bancshares pays out 25.9% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Wayne Savings Bancshares is clearly the better dividend stock, given its higher yield and lower payout ratio.

Volatility & Risk

IF Bancorp has a beta of 0.51, suggesting that its stock price is 49% less volatile than the S&P 500. Comparatively, Wayne Savings Bancshares has a beta of 0.29, suggesting that its stock price is 71% less volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for IF Bancorp and Wayne Savings Bancshares, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IF Bancorp 0 0 0 0 N/A
Wayne Savings Bancshares 0 0 0 0 N/A


Wayne Savings Bancshares beats IF Bancorp on 8 of the 13 factors compared between the two stocks.

About IF Bancorp

(Get Free Report)

IF Bancorp, Inc. operates as the savings and loan holding company for Iroquois Federal Savings and Loan Association that provides a range of banking and financial services to individual and corporate clients. The company offers various deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal checking accounts, individual retirement accounts, and health savings accounts. It provides loans comprising one- to four-family residential mortgage loans; multi-family mortgage loans; commercial real estate loans, such as farm loans; home equity lines of credit; commercial business loans; and consumer loans primarily comprising automobile loans, as well as construction loans and land development loans. In addition, the company sells property and casualty insurance, as well as offers annuities; mutual funds; individual and group retirement plans; life, disability, and health insurance; individual securities; managed accounts; and other financial services. Further, it invests in securities; and provides ATM, online banking and bill pay, mobile banking, ACH origination, remote deposit capture, and telephone banking services. IF Bancorp, Inc. was founded in 1883 and is headquartered in Watseka, Illinois.

About Wayne Savings Bancshares

(Get Free Report)

Wayne Savings Bancshares, Inc. operates as the holding company for Wayne Savings Community Bank that provides personal and business banking products and services to individuals, businesses, and other organizations. The company offers checking, savings, money market, and term certificate accounts, as well as certificates of deposit. It also provides residential mortgage, commercial, installment, residential and nonresidential real estate, commercial real estate, residential construction, multi-family real estate, land, commercial business, consumer, home, home equity, auto, recreational vehicle, personal, furniture and appliance, agriculture, and term loans, as well as lines of credit, government guaranteed programs, and standby letters of credit. In addition, the company offers retirement planning, investment advisory, insurance, and wealth management and trust services. Further, it provides overdraft protection, re-order check, remote deposit capture, merchant, sweep, online and mobile banking, and bill pay services, as well as debit, credit, and gift cards. Wayne Savings Bancshares, Inc. was founded in 1899 and is based in Wooster, Ohio.

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