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Michael Shriner has been the CEO of MSB Financial Corp. (NASDAQ:MSBF) since 2014. First, this article will compare CEO compensation with compensation at similar sized companies. After that, we will consider the growth in the business. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. The aim of all this is to consider the appropriateness of CEO pay levels.
How Does Michael Shriner’s Compensation Compare With Similar Sized Companies?
According to our data, MSB Financial Corp. has a market capitalization of US$91m, and pays its CEO total annual compensation worth US$390k. (This number is for the twelve months until 2017). We think total compensation is more important but we note that the CEO salary is lower, at US$301k. We examined a group of similar sized companies, with market capitalizations of below US$200m. The median CEO compensation in that group is US$298k.
It would therefore appear that MSB Financial Corp. pays Michael Shriner more than the median CEO remuneration at companies of a similar size, in the same market. However, this fact alone doesn’t mean the remuneration is too high. We can better assess whether the pay is overly generous by looking into the underlying business performance.
You can see a visual representation of the CEO compensation at MSB Financial, below.
Is MSB Financial Corp. Growing?
MSB Financial Corp. has increased its earnings per share (EPS) by an average of 70% a year, over the last three years (using a line of best fit). In the last year, its revenue is up 18%.
This demonstrates that the company has been improving recently. A good result. It’s also good to see decent revenue growth in the last year, suggesting the business is healthy and growing. Although we don’t have analyst forecasts, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.
Has MSB Financial Corp. Been A Good Investment?
Most shareholders would probably be pleased with MSB Financial Corp. for providing a total return of 56% over three years. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
We compared total CEO remuneration at MSB Financial Corp. with the amount paid at companies with a similar market capitalization. Our data suggests that it pays above the median CEO pay within that group.
However we must not forget that the EPS growth has been very strong over three years. Even better, returns to shareholders have been plentiful, over the same time period. Considering this fine result for shareholders, we daresay the CEO compensation might be apt. Whatever your view on compensation, you might want to check if insiders are buying or selling MSB Financial shares (free trial).
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.