Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States.
Excellent balance sheet with proven track record.
Share Price & News
How has Waterstone Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WSBF has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: WSBF matched the US Mortgage industry which returned 5.5% over the past year.
Return vs Market: WSBF underperformed the US Market which returned 19.3% over the past year.
Price Volatility Vs. Market
How volatile is Waterstone Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIf You Had Bought Waterstone Financial (NASDAQ:WSBF) Shares Five Years Ago You'd Have Made 36%
1 month ago | Simply Wall StHere's Why We Think Waterstone Financial (NASDAQ:WSBF) Is Well Worth Watching
2 months ago | Simply Wall StHave Insiders Been Selling Waterstone Financial, Inc. (NASDAQ:WSBF) Shares?
Is Waterstone Financial undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WSBF ($17.93) is trading above our estimate of fair value ($14.94)
Significantly Below Fair Value: WSBF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WSBF is good value based on its PE Ratio (13x) compared to the Mortgage industry average (13.7x).
PE vs Market: WSBF is good value based on its PE Ratio (13x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: WSBF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WSBF is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (1.1x).
How is Waterstone Financial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WSBF's earnings are forecast to decline over the next 3 years (-10.4% per year).
Earnings vs Market: WSBF's earnings are forecast to decline over the next 3 years (-10.4% per year).
High Growth Earnings: WSBF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WSBF's revenue is expected to decline over the next 3 years (-1.2% per year).
High Growth Revenue: WSBF's revenue is forecast to decline over the next 3 years (-1.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WSBF's Return on Equity is forecast to be low in 3 years time (8%).
How has Waterstone Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WSBF has high quality earnings.
Growing Profit Margin: WSBF's current net profit margins (19.5%) are higher than last year (17.7%).
Past Earnings Growth Analysis
Earnings Trend: WSBF's earnings have grown by 17.2% per year over the past 5 years.
Accelerating Growth: WSBF's earnings growth over the past year (16.7%) is below its 5-year average (17.2% per year).
Earnings vs Industry: WSBF earnings growth over the past year (16.7%) exceeded the Mortgage industry 11.3%.
Return on Equity
High ROE: WSBF's Return on Equity (9.1%) is considered low.
Return on Assets
Return on Capital Employed
How is Waterstone Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: WSBF has a low level of unsold assets or inventory.
Debt Coverage by Assets: WSBF's debt is not covered by short term assets (assets are 0.7x debt).
Financial Institutions Analysis
Asset Level: WSBF's level of assets compared to its equity is low.
Allowance for Bad Loans: WSBF has a sufficient allowance for bad loans.
Low Risk Liabilities: WSBF's liabilities are made up of primarily low risk sources of funding.
Loan Level: WSBF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: WSBF has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: WSBF has an appropriate level of bad loans (0.46%)
What is Waterstone Financial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WSBF's dividend (5.47%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: WSBF's dividend (5.47%) is in the top 25% of dividend payers in the US market (3.71%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, WSBF has been paying a dividend for less than 10 years.
Growing Dividend: WSBF's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.8%), WSBF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WSBF's dividends in 3 years are not forecast to be well covered by earnings (90.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Doug Gordon (61yo)
Mr. Douglas S. Gordon, also known as Doug, has been the Chief Executive Officer and President of Waterstone Financial Inc. (also known as Wauwatosa Holdings Inc.), since January 1, 2007. He has been the Ch ...
CEO Compensation Analysis
Compensation vs Market: Doug's total compensation ($USD987.90K) is below average for companies of similar size in the US market ($USD1.66M).
Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.
|Senior VP||4yrs||US$254.26k||0.20% $905.4k|
|Executive VP||6.7yrs||US$383.00k||0.32% $1.4m|
|Senior VP & Director of Retail Banking of WaterStone Bank||1.9yrs||US$289.34k||no data|
|Controller||3.7yrs||no data||no data|
Experienced Management: WSBF's management team is considered experienced (4 years average tenure).
|Chairman of the Board||13.1yrs||US$30.00k||0.78% $3.6m|
|Independent Director||15.1yrs||US$18.00k||0.49% $2.2m|
|Independent Director||6.1yrs||US$18.00k||0.16% $740.8k|
|Independent Director||15.1yrs||US$18.00k||0.28% $1.3m|
|Independent Director||15.1yrs||US$24.00k||1.05% $4.8m|
|Independent Director||6.1yrs||US$18.00k||0.083% $376.5k|
Experienced Board: WSBF's board of directors are seasoned and experienced ( 14.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WSBF insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Waterstone Financial, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Waterstone Financial, Inc.
- Ticker: WSBF
- Exchange: NasdaqGS
- Founded: 1921
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$455.723m
- Shares outstanding: 25.42m
- Website: https://www.wsbonline.com
Number of Employees
- Waterstone Financial, Inc.
- 11200 West Plank Court
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WSBF||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 2005|
|47Z||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 2005|
Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates through two segments, Community Banking and Mortgage Banking. The Community Banking segment offers consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, and money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposit, and individual retirement accounts, as well as certificates of deposit; lending solutions consisting of residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; and fixed and variable annuities, and insurance products, as well as trust and investment management accounts. The Mortgage Banking segment provides residential mortgage loans for the purpose of sale in the secondary market. The company also provides transaction deposit, demand deposit, and non-interest bearing demand accounts, as well as time deposits; construction and land loans; and term loans for working capital, inventory, and general corporate use. In addition, it invests in a portfolio of securities, which include mortgage-backed securities, government-sponsored enterprise bonds, municipal obligations, and other debt securities. Waterstone Financial, Inc. operates 11 full-service banking offices, 1 drive-through office, and 11 automated teller machines located in Milwaukee, Washington, and Waukesha Counties, Wisconsin, as well as a loan production office in Minneapolis, Minnesota. The company was formerly known as Wauwatosa Holdings, Inc. and changed its name to Waterstone Financial, Inc. in August 2008. Waterstone Financial, Inc. was founded in 1921 and is based in Wauwatosa, Wisconsin.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/21 00:56|
|End of Day Share Price||2020/02/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.