Waterstone Financial/$WSBF
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Capital at risk
About Waterstone Financial
Waterstone Financial Inc is a holding company. Through its subsidiaries, it operates in two reportable segments: Community Banking and Mortgage Banking. The Community Banking segment provides consumer and business banking products and services to customers, which include various types of loans, deposits, and personal investment services. The Mortgage Banking segment involves residential mortgage loans for the primary purpose of sale in the secondary market. The majority of its revenue comes from the Community Banking segment.
- Ticker
- $WSBF
- Sector
- Finance
- Primary listing
- NASDAQ
- Employees
- 593
- Headquarters
- Wauwatosa, United States
- Website
- www.wsbonline.com
WSBF Metrics
BasicAdvanced
$373M
11.99
$1.73
0.71
$0.64
3.28%
Price and volume
Market cap
$373M
Beta
0.71
52-week high
$21.66
52-week low
$14.52
Average daily volume
86K
Dividend rate
$0.64
Financial strength
Dividend payout ratio (TTM)
35.94%
Profitability
Net profit margin (TTM)
20.00%
Operating margin (TTM)
25.13%
Effective tax rate (TTM)
20.97%
Revenue per employee (TTM)
$250,000
Management effectiveness
Return on assets (TTM)
1.33%
Return on equity (TTM)
8.69%
Valuation
Price to earnings (TTM)
11.987
Price to revenue (TTM)
2.397
Price to book
1.06
Price to tangible book (TTM)
1.06
Price to free cash flow (TTM)
8.434
Free cash flow yield (TTM)
11.86%
Free cash flow per share (TTM)
2.459
Dividend yield (TTM)
3.09%
Forward dividend yield
3.28%
Growth
Revenue change (TTM)
12.13%
Earnings per share change (TTM)
53.05%
3-year revenue growth (CAGR)
1.85%
3-year earnings per share growth (CAGR)
42.97%
10-year earnings per share growth (CAGR)
8.98%
3-year dividend per share growth (CAGR)
-7.17%
10-year dividend per share growth (CAGR)
10.78%
Bulls say / Bears say
Community Banking is producing stronger recurring earnings: second-quarter net interest income reached a record $15.8 million, up 16.1% year on year, while net interest margin widened to 3.03%. Core retail deposits also grew 2%, helping reduce funding costs. (WaterStone Bank)
Mortgage Banking has recovered from its weak 2025 start. First-half originations increased 15.7% year on year, and the segment returned to profit; it has now been profitable for five consecutive quarters. (National Mortgage News, GlobeNewswire)
The balance sheet supports continued shareholder returns. At 30 June, Waterstone reported a 18.66% CET1 ratio, non-performing assets of just 0.30% of assets, book value per share of $19.53 and a $0.17 quarterly dividend alongside ongoing buybacks. (StockTitan, WaterStone Bank)
Mortgage Banking remains highly sensitive to market conditions. In the second quarter, originations rose 5.6%, but the gross margin on loans sold fell to 3.60% from 3.84%, causing segment pre-tax income to drop 20.2%. (GlobeNewswire, National Mortgage News)
Underlying loan growth is modest, which limits how far the community bank can expand without further margin gains. Average loans held for investment rose only 0.6% year on year and edged down from the previous quarter, with multi-family growth offsetting a decline in single-family lending. (WaterStone Bank)
Credit quality is currently sound, but the risk mix warrants monitoring. Waterstone increased provisions and its allowance after higher multi-family and construction balances and adverse qualitative factors, leaving the bank more exposed if property conditions weaken. (GlobeNewswire, StockTitan)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.
Upcoming events
Funds containing WSBF
Fund name | Fund size | $WSBF weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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