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Waterstone Financial, Inc. WSBF R2KR3KFINANCIAL

Financial Services · Banks - Regional · United States
https://www.wsbonline.com
Company Profile ↓
$19.95
+45.44% 1Y
Mkt Cap$358.64M
P/E11.53
P/B1.02
Div. Yield3.10%
52W High$21.33
52W Low$13.57
Book Value$20.04
EPS (TTM)$1.73

Company 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. It operates in 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, such as checking, credit, debit and pre-paid cards, online banking and bill pay, and money transfer services; investable funds solutions, such as savings, money market deposits, individual retirement accounts, and certificates of deposit; 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, insurance products, and trust and investment management accounts. It also provides transaction deposits, interest bearing transaction accounts, demand deposits, non-interest-bearing demand accounts, and time deposits; secured and unsecured lines; commercial real estate construction loans; term loans for working capital, inventory, and general corporate use; and personal term loans and investment services. The Mortgage Banking segment offers residential mortgage loans for the purpose of sale in the secondary market. It also invests in a portfolio of securities comprising mortgage-backed securities, government-sponsored and private-label enterprise bonds, collateralized mortgage obligations, municipal obligations, and other debt securities. 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.

Why Investors Should Care

Reasonable Valuation

Trades at a P/E of 11.5, below the sector median of 13.6.

Healthy Margins

Maintains a net profit margin of 20.0%.

Dividend Income

Offers a dividend yield of 3.10%.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $138.93M (+4.9% YoY); net profit $26.40M.
  • Trailing 12 Months Year-on-year growth — revenue +5.2%, earnings +14.1%.
  • 5-Year Trend Long-term compounding — revenue CAGR -4.2%, profit CAGR -6.0%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-4.15%
1 Year:5.20%

Compounded Profit Growth

5 Years:-5.96%
1 Year:14.10%

Stock Price Performance

1 Year:+45.44%
6 Months:+13.32%
3 Months:+0.02%
1 Month:-0.96%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Mixed
52-Week Range 82% of range
$13.57 $21.33
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMAAbove
  • RSI (14)49.66 · Neutral
Price Performance
1M-0.96%
3M+0.02%
6M+13.32%
1Y+45.44%
Valuation vs Sector

P/E of 11.53 is below the sector median of 13.55 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 20.0%.
  • Attractive dividend yield of 3.10%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -4.2% CAGR over 5 years.
  • Earnings shrank at -6.0% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
11.53
Industry PE
13.55
Forward P/E
19.75
PEG Ratio
-
Book Value
$20.04
Price to Book
1.02
P/S
2.44
EV/EBITDA
-
Dividend Yield
3.10%

Growth (CAGR)

Revenue 5Y
-4.15%
Profit 5Y
-5.96%
Revenue (YoY)
5.20%
Earnings (YoY)
14.10%

Profitability & Returns

ROCE
-
ROE
8.69%
ROA
1.34%
Profit Margin
20.00%
Op Margin
26.65%
Gross Margin
0.00%
EPS (Latest Qtr)
$0.49
EPS (TTM)
$1.73

Balance Sheet & Liquidity

Debt/Equity
1.16
Quick Ratio
-
Current Ratio
-
Debt
$420.70M
Total Assets
$2.25B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
18.72%
Chg in Prom Hold
0.01%
FII / Inst Holding
55.72%
Chg in FII Hold
0.02%

Financial Snapshot

Enterprise Value
$358.64M
Total Revenue (TTM)
$150.48M
EBITDA
-
Free Cash Flow
$23.02M
Operating Cash Flow
$44.74M
Shares Outstanding
17.98M
Gross Margin
0.00%
Payout Ratio
35.84%

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 WSBF Waterstone Financial, Inc. R2KR3KFINANCIAL 19.95 11.53 $358.64M 3.10% - 8.69% -4.15% -5.96%
2 JPM JPMorgan Chase & Co. SPXR3KFINANCIAL 331.58 14.21 $881.40B 1.72% - 17.79% 12.50% 14.83%
3 BRK-B Berkshire Hathaway Inc. SPXFINANCIAL 542.19 13.64 $763.42B 0.00% - 12.12% 4.18% 9.44%
4 V Visa Inc. SPXR3KFINANCIAL 407.92 34.69 $695.14B 0.72% 37.15% 61.19% 14.33% 13.04%
5 MA Mastercard Incorporated SPXR3KFINANCIAL 623.60 34.34 $542.20B 0.62% 60.19% - 12.29% 19.21%
6 BRK-A Berkshire Hathaway Inc. FINANCIAL 813,595.00 13.64 $397.40B 0.00% - 12.12% 7.60% 10.02%
7 BAC Bank of America Corporation SPXR3KFINANCIAL 50.56 11.68 $353.55B 2.39% - 11.20% 3.14% 4.27%
8 HSBC HSBC Holdings plc FINANCIAL 90.68 12.95 $310.38B 3.65% - 13.10% 9.75% 12.72%
9 MS Morgan Stanley SPXR3KFINANCIAL 179.49 14.51 $281.90B 2.26% - 17.97% 3.76% 9.66%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Sep 2013Mar 2014Jun 2014Sep 2014Mar 2015Jun 2015Sep 2015Mar 2016Jun 2016Sep 2016Mar 2017Jun 2017Sep 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue ----------------------------------28.75M37.22M36.35M36.60M34.66M-
Cost of Revenue ----------------------------------------
Gross Profit ----------------------------------------
Operating Expenses ----------------------------------------
Operating Income ----------------------------------------
EBITDA ----------------------------------------
Interest Expense ----------------------------------15.18M14.98M14.82M14.40M13.55M-
Pretax Income ----------------------------------3.88M9.67M9.84M10.05M7.55M-
Tax Provision ----------------------------------845.00K1.94M1.92M2.34M1.55M-
Net Income 3.22M1.88M3.77M4.76M3.02M5.28M5.20M3.86M7.77M7.50M6.57M8.89M7.39M6.95M9.42M8.70M6.54M9.64M10.92M6.07M20.95M26.29M21.34M17.89M19.00M5.29M7.99M5.27M2.15M4.01M3.25M3.04M5.71M4.73M3.04M7.73M7.93M7.71M6.00M8.46M
Diluted EPS 0.090.050.110.140.090.170.190.140.290.270.240.320.260.250.340.310.240.370.420.240.851.080.890.740.790.230.360.250.100.200.160.160.310.260.170.430.450.440.340.49

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -----------157.76M127.97M132.38M138.93M
Cost of Revenue ---------------
Gross Profit ---------------
Operating Expenses ---------------
Operating Income ---------------
EBITDA ---------------
Interest Expense -----------13.29M48.99M67.00M59.37M
Pretax Income -----------24.48M11.03M24.00M33.45M
Tax Provision -----------4.99M1.66M5.31M7.04M
Net Income -7.47M34.91M14.71M12.73M16.57M25.53M25.96M30.75M35.90M81.14M-19.49M9.38M18.69M26.40M
Diluted EPS -0.221.020.430.380.560.930.931.111.373.30-0.890.461.011.48

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -1.71B1.66B1.95B1.78B1.76B1.79B1.81B1.92B2.00B2.18B-2.03B2.21B2.21B2.26B
Current Assets ----------------
Cash & Equivalents 75.33M80.38M71.47M429.17M172.82M100.47M47.22M48.61M86.10M---35.96M30.93M35.46M63.85M
Inventory ----------------
Receivables ----------------
Total Liabilities --1.46B1.73B1.33B1.37B1.38B1.39B1.52B1.60B1.77B-1.66B1.87B1.87B1.91B
Current Liabilities ----------------
Long Term Debt --434.00M434.00M434.00M441.20M387.15M386.29M435.05M483.56M508.07M-200.00M155.00M150.00M190.00M
Total Debt ------------385.70M464.00M443.55M406.08M
Total Equity 172.22M166.37M202.63M214.47M450.24M391.93M410.69M412.10M399.68M393.69M413.12M-370.49M344.06M339.13M349.39M
Shares Outstanding ------------22.17M20.31M19.34M18.36M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 35.09M-8.14M52.28M-2.22M-12.99M-24.06M107.10M41.50M-40.22M-93.58M142.01M206.66M-27.58M48.06M24.18M
Investing Cash Flow 61.45M91.53M24.07M-75.25M-16.13M-25.03M-94.88M-78.44M-1.15M37.19M160.06M-335.74M-159.22M-23.96M-8.74M
Financing Cash Flow -91.50M-92.30M281.35M-178.88M-43.23M-4.16M-10.83M74.43M29.57M76.86M-20.12M-201.00M176.58M-20.76M15.91M
Capital Expenditure -1.02M-1.67M-5.36M-1.95M-2.97M-1.08M-1.58M-3.96M-3.11M-1.23M-778.00K-701.00K-700.00K-1.10M-1.17M
Free Cash Flow 34.07M-9.81M46.92M-4.17M-15.96M-25.15M105.52M37.54M-43.33M-94.81M141.23M205.96M-28.28M46.96M23.02M
Net Change in Cash ------------330.08M-10.22M3.34M31.35M
Share Buybacks ---072.75M3.86M2.19M19.20M22.77M36.24M10.18M47.83M26.03M14.91M16.21M

Ratios (Annual)

Figures in %.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------------
Operating Margin % ---------------
Net Margin % -----------12.4%7.3%14.1%19.0%
ROE % -4.5%17.2%6.9%2.8%4.2%6.2%6.3%7.7%9.1%19.6%-5.3%2.7%5.5%7.6%
ROCE % ---------------

Shareholding Pattern

Insiders
18.72%
Institutions
55.72%
Public Float
68.55%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 9.13% 1.64M $31.98M
2 Dimensional Fund Advisors LP 7.89% 1.42M $27.62M
3 Renaissance Technologies, LLC 5.85% 1.05M $20.48M
4 Vanguard Capital Management LLC 3.57% 641.00K $12.49M
5 State Street Corporation 2.22% 398.37K $7.76M
6 Geode Capital Management, LLC 2.16% 388.48K $7.57M
7 American Century Companies Inc 1.90% 341.97K $6.66M
8 AQR Capital Management, LLC 1.44% 259.09K $5.05M
9 CSM Advisors, LLC 1.23% 221.07K $4.31M
10 Bridgeway Capital Management, LLC 1.18% 211.38K $4.12M

Analyst View

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Latest News

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WSBF — Frequently Asked Questions

What is the current share price of Waterstone Financial, Inc. (WSBF)?

As of 2026-10-23 16:27 PDT, Waterstone Financial, Inc. (WSBF) trades at $19.95 on NasdaqGS. Its 52-week range is $13.57 to $21.33.

What is the market capitalisation of WSBF?

Waterstone Financial, Inc. (WSBF) has a market capitalisation of $358.64M on NasdaqGS.

What is the P/E ratio of WSBF?

WSBF trades at a trailing price-to-earnings (P/E) ratio of 11.53. The industry average P/E is 13.55. Its price-to-book (P/B) ratio is 1.02.

Does WSBF pay a dividend?

Waterstone Financial, Inc. (WSBF) currently offers a dividend yield of 3.10%.

What is the return on equity (ROE) of WSBF?

WSBF has a return on equity (ROE) of 8.69%.

Is WSBF a good stock to buy?

This page provides a data-driven analysis of Waterstone Financial, Inc. (WSBF), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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