WSBF Stock Overview
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.
Waterstone Financial Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$20.90|
|52 Week High||US$22.18|
|52 Week Low||US$17.69|
|1 Month Change||0.97%|
|3 Month Change||3.06%|
|1 Year Change||16.37%|
|3 Year Change||27.13%|
|5 Year Change||10.58%|
|Change since IPO||103.85%|
Recent News & Updates
Waterstone Financial: Mortgage Banking Income Seems More Resilient Than Previously Expected
Mortgage banking income will likely continue to decline towards a more normal level. However, the decline will be slower than previously expected. Strength in Wisconsin's economy will likely support the growth of loans held for investment. The December 2022 target price suggests a small upside from the current market price. Further, WSBF is offering a decent dividend yield.
|WSBF||US Mortgage||US Market|
Return vs Industry: WSBF exceeded the US Mortgage industry which returned -2.9% over the past year.
Return vs Market: WSBF underperformed the US Market which returned 17.8% over the past year.
|WSBF Average Weekly Movement||1.8%|
|Mortgage Industry Average Movement||3.7%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.1%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: WSBF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: WSBF's weekly volatility (2%) has been stable over the past year.
About the Company
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.
Waterstone Financial Fundamentals Summary
|WSBF fundamental statistics|
Is WSBF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WSBF income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.63|
|Net Profit Margin||29.66%|
How did WSBF perform over the long term?See historical performance and comparison
6.2%Current Dividend Yield
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 ($20.9) is trading above our estimate of fair value ($20.6)
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 (5.8x) compared to the US Mortgage industry average (12.2x).
PE vs Market: WSBF is good value based on its PE Ratio (5.8x) compared to the US market (16.6x).
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 (1.1x) compared to the US Mortgage industry average (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 (-37% per year).
Earnings vs Market: WSBF's earnings are forecast to decline over the next 3 years (-37% 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 (-11.3% per year).
High Growth Revenue: WSBF's revenue is forecast to decline over the next 3 years (-11.3% 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 (8.5%).
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 (29.7%) are higher than last year (24.4%).
Past Earnings Growth Analysis
Earnings Trend: WSBF's earnings have grown significantly by 30.6% per year over the past 5 years.
Accelerating Growth: WSBF's earnings growth over the past year (38.6%) exceeds its 5-year average (30.6% per year).
Earnings vs Industry: WSBF earnings growth over the past year (38.6%) exceeded the Mortgage industry 32.1%.
Return on Equity
High ROE: WSBF's Return on Equity (19.4%) is considered low.
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
Financial Institutions Analysis
Asset Level: WSBF's Assets to Equity ratio (5x) is low.
Allowance for Bad Loans: WSBF has a sufficient allowance for bad loans (423%).
Low Risk Liabilities: 70% of WSBF's liabilities are made up of primarily low risk sources of funding.
Loan Level: WSBF has an appropriate level of Loans to Assets ratio (54%).
Low Risk Deposits: WSBF's Loans to Deposits ratio (97%) is appropriate.
Level of Bad Loans: WSBF has an appropriate level of bad loans (0.3%).
What is Waterstone Financial current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WSBF's dividend (6.22%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: WSBF's dividend (6.22%) is in the top 25% of dividend payers in the US market (3.69%)
Stability and Growth of Payments
Stable Dividend: WSBF has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: WSBF's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.1%), WSBF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WSBF's dividends in 3 years are forecast to be covered by earnings (81.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Doug Gordon (63 yo)
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 ($USD1.48M) is about average for companies of similar size in the US market ($USD1.75M).
Compensation vs Earnings: Doug's compensation has increased by more than 20% in the past year.
Experienced Management: WSBF's management team is seasoned and experienced (7.1 years average tenure).
Experienced Board: WSBF's board of directors are seasoned and experienced ( 16.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 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$491.633m
- Shares outstanding: 23.69m
- Website: https://www.wsbonline.com
Number of Employees
- Waterstone Financial, Inc.
- 11200 West Plank Court
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/02 00:02|
|End of Day Share Price||2021/12/01 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.