FFW (OTCMKTS:FFWC) versus NASB Financial (OTCMKTS:NASB) Critical Review

Valuation and Earnings

This table compares FFW and NASB Financial”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
FFW	$32.63 million	1.72	$5.54 million	$5.79	8.91
NASB Financial	$178.01 million	1.65	$28.72 million	$4.53	9.11

NASB Financial has higher revenue and earnings than FFW. FFW is trading at a lower price-to-earnings ratio than NASB Financial, indicating that it is currently the more affordable of the two stocks.

Volatility and Risk

FFW has a beta of -0.12, suggesting that its share price is 112% less volatile than the S&P 500. Comparatively, NASB Financial has a beta of 0.03, suggesting that its share price is 97% less volatile than the S&P 500.

Dividends

FFW pays an annual dividend of $1.24 per share and has a dividend yield of 2.4%. NASB Financial pays an annual dividend of $1.40 per share and has a dividend yield of 3.4%. FFW pays out 21.4% of its earnings in the form of a dividend. NASB Financial pays out 30.9% 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.

Profitability

This table compares FFW and NASB Financial’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
FFW	18.80%	N/A	N/A
NASB Financial	N/A	7.57%	1.09%

Summary

NASB Financial beats FFW on 7 of the 11 factors compared between the two stocks.

About FFW

FFW Corporation operates as the bank holding company for Crossroads Bank that provides various banking products and services. The company offers checking and savings accounts, overdraft protection, consumer credit cards, and reorder checks. Its loan products include home equity, auto, RV, boat, motorcycle, and personal loans; mortgage loans; agricultural loans; commercial real estate equipment financing; revolving lines of credit and standby letters of credit; and equipment leasing, as well as commercial lending services. The company offers insurance products, such as auto, home and property, business, life and health, and specialty insurance; investment products and securities; and digital banking services. FFW Corporation was founded in 1920 and is based in Wabash, Indiana.

About NASB Financial

NASB Financial, Inc. operates as a unitary thrift holding company for North American Savings Bank, F.S.B. that provides various banking products and services in the United States. The company offers checking, savings, money market, and certificate of deposit accounts. It also mortgages and refinancing products, including conventional, veterans administration, federal housing administration, jumbo, and IRA residential real-estate loans. In addition, the company provides commercial real estate development and commercial loans, such as multifamily, retail, single-tenant, multi-tenant, office, industrial, and other loans; investment property loans; and construction and development loans. The company was founded in 1927 and is based in Grandview, Missouri.