The Washington Savings Bank is an AMEX listed security that has been trading in a range between $7.95 and $9.80 over the past year. With 7,577,860 shares outstanding, a recent price of $8.10 gives a total market capitalization of $61,380,669. While there are certainly larger companies, The Washington Savings Bank has definitely earned its place in the pack. Last year, The Washington Savings Bank created $0.42 in earnings for every share outstanding.
The Washington Savings Bank is currently priced by the market at 19.20 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, The Washington Savings Bank could be an interesting value proposition.
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