Waterstone Financial, Inc. WSBF R2KR3KFINANCIAL

Financial Services · Banks - Regional · United States

https://www.wsbonline.com

Company Profile ↓

$21.52

+56.89% 1Y

Mkt Cap$386.87M

P/E12.44

P/B1.04

Div. Yield3.07%

52W High$21.52

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 12.4, below the sector median of 14.5.

Healthy Margins

Maintains a net profit margin of 20.0%.

Dividend Income

Offers a dividend yield of 3.07%.

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:	+56.89%
6 Months:	+25.47%
3 Months:	+15.57%
1 Month:	+3.07%

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

Technical Snapshot Bullish

52-Week Range 100% of range

$13.57 $21.52

Trend Signals

Price vs 50-DMAAbove
Price vs 200-DMAAbove
RSI (14)65.48 · Neutral

Price Performance

1M+3.07%

3M+15.57%

6M+25.47%

1Y+56.89%

Valuation vs Sector

P/E of 12.44 is below the sector median of 14.52 — relatively cheaper than peers.

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

Price Chart

Robinhood TradingView

Fundamental Growth Charts

Period: Metric:

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 3.07%.
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.

Valuation

Stock P/E

12.44

Industry PE

14.52

Forward P/E

21.31

PEG Ratio

Book Value

$20.04

Price to Book

1.04

P/S

2.49

EV/EBITDA

Dividend Yield

3.07%

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

$412.00M

Total Assets

$2.25B

Current Assets

Working Capital

Ownership

Promoter Holding

18.72%

Chg in Prom Hold

0.01%

FII / Inst Holding

55.68%

Chg in FII Hold

0.06%

Financial Snapshot

Enterprise Value

$386.87M

Total Revenue (TTM)

$150.48M

EBITDA

Free Cash Flow

$23.02M

Operating Cash Flow

$24.18M

Shares Outstanding

17.98M

Gross Margin

0.00%

Payout Ratio

35.84%

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	WSBF Waterstone Financial, Inc. R2KR3KFINANCIAL	21.52	12.44	$386.87M	3.07%	-	8.69%	-4.15%	-5.96%
2	JPM JPMorgan Chase & Co. SPXR3KFINANCIAL	358.64	15.37	$953.34B	1.68%	-	17.79%	12.50%	14.83%
3	BRK-B Berkshire Hathaway Inc. SPXFINANCIAL	506.03	15.07	$707.59B	0.00%	-	10.50%	4.18%	9.44%
4	V Visa Inc. SPXR3KFINANCIAL	374.00	31.86	$637.34B	0.72%	37.15%	61.19%	14.33%	13.04%
5	MA Mastercard Incorporated SPXR3KFINANCIAL	579.21	31.82	$503.60B	0.60%	60.19%	-	12.29%	19.21%
6	BAC Bank of America Corporation SPXR3KFINANCIAL	62.68	14.48	$438.31B	2.03%	-	11.20%	3.14%	4.27%
7	BRK-A Berkshire Hathaway Inc. FINANCIAL	759,350.00	15.07	$384.00B	0.00%	-	10.50%	7.60%	10.02%
8	HSBC HSBC Holdings plc FINANCIAL	107.11	15.30	$367.34B	3.62%	-	13.10%	9.75%	12.72%
9	MS Morgan Stanley SPXR3KFINANCIAL	217.72	17.59	$342.26B	2.15%	-	17.97%	3.76%	9.66%

Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric	Sep 2013	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Mar 2017	Jun 2017	Sep 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28.75M	37.22M	36.35M	36.60M	34.66M	-
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.18M	14.98M	14.82M	14.40M	13.55M	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.88M	9.67M	9.84M	10.05M	7.55M	-
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	845.00K	1.94M	1.92M	2.34M	1.55M	-
Net Income	3.22M	1.88M	3.77M	4.76M	3.02M	5.28M	5.20M	3.86M	7.77M	7.50M	6.57M	8.89M	7.39M	6.95M	9.42M	8.70M	6.54M	9.64M	10.92M	6.07M	20.95M	26.29M	21.34M	17.89M	19.00M	5.29M	7.99M	5.27M	2.15M	4.01M	3.25M	3.04M	5.71M	4.73M	3.04M	7.73M	7.93M	7.71M	6.00M	8.46M
Diluted EPS	0.09	0.05	0.11	0.14	0.09	0.17	0.19	0.14	0.29	0.27	0.24	0.32	0.26	0.25	0.34	0.31	0.24	0.37	0.42	0.24	0.85	1.08	0.89	0.74	0.79	0.23	0.36	0.25	0.10	0.20	0.16	0.16	0.31	0.26	0.17	0.43	0.45	0.44	0.34	0.49

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	157.76M	127.97M	132.38M	138.93M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	13.29M	48.99M	67.00M	59.37M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	24.48M	11.03M	24.00M	33.45M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	4.99M	1.66M	5.31M	7.04M
Net Income	-7.47M	34.91M	14.71M	12.73M	16.57M	25.53M	25.96M	30.75M	35.90M	81.14M	-	19.49M	9.38M	18.69M	26.40M
Diluted EPS	-0.22	1.02	0.43	0.38	0.56	0.93	0.93	1.11	1.37	3.30	-	0.89	0.46	1.01	1.48

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	1.71B	1.66B	1.95B	1.78B	1.76B	1.79B	1.81B	1.92B	2.00B	2.18B	-	2.03B	2.21B	2.21B	2.26B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	75.33M	80.38M	71.47M	429.17M	172.82M	100.47M	47.22M	48.61M	86.10M	-	-	-	35.96M	30.93M	35.46M	63.85M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities	-	-	1.46B	1.73B	1.33B	1.37B	1.38B	1.39B	1.52B	1.60B	1.77B	-	1.66B	1.87B	1.87B	1.91B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	434.00M	434.00M	434.00M	441.20M	387.15M	386.29M	435.05M	483.56M	508.07M	-	200.00M	155.00M	150.00M	190.00M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	385.70M	464.00M	443.55M	406.08M
Total Equity	172.22M	166.37M	202.63M	214.47M	450.24M	391.93M	410.69M	412.10M	399.68M	393.69M	413.12M	-	370.49M	344.06M	339.13M	349.39M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	22.17M	20.31M	19.34M	18.36M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	35.09M	-8.14M	52.28M	-2.22M	-12.99M	-24.06M	107.10M	41.50M	-40.22M	-93.58M	142.01M	206.66M	-27.58M	48.06M	24.18M
Investing Cash Flow	61.45M	91.53M	24.07M	-75.25M	-16.13M	-25.03M	-94.88M	-78.44M	-1.15M	37.19M	160.06M	-335.74M	-159.22M	-23.96M	-8.74M
Financing Cash Flow	-91.50M	-92.30M	281.35M	-178.88M	-43.23M	-4.16M	-10.83M	74.43M	29.57M	76.86M	-20.12M	-201.00M	176.58M	-20.76M	15.91M
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	-9.81M	46.92M	-4.17M	-15.96M	-25.15M	105.52M	37.54M	-43.33M	-94.81M	141.23M	205.96M	-28.28M	46.96M	23.02M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-330.08M	-10.22M	3.34M	31.35M
Share Buybacks	-	-	-	0	72.75M	3.86M	2.19M	19.20M	22.77M	36.24M	10.18M	47.83M	26.03M	14.91M	16.21M

Ratios (Annual)

Figures in %.

Metric	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 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

55.68%

Public Float

68.51%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	9.13%	1.64M	$34.59M
2	Dimensional Fund Advisors LP	7.89%	1.42M	$29.88M
3	Renaissance Technologies, LLC	5.85%	1.05M	$22.16M
4	Vanguard Capital Management LLC	3.57%	641.00K	$13.51M
5	State Street Corporation	2.22%	398.37K	$8.39M
6	Geode Capital Management, LLC	2.16%	388.48K	$8.19M
7	American Century Companies Inc	1.90%	341.97K	$7.21M
8	AQR Capital Management, LLC	1.44%	259.09K	$5.46M
9	CSM Advisors, LLC	1.23%	221.07K	$4.66M
10	Bridgeway Capital Management, LLC	1.18%	211.38K	$4.45M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for WSBF

Yahoo Finance hu, 03 Sep 2026

WSBF Surges 43% in a Year: Reason to Buy the Stock Now?

Improving margins, stronger mortgage volumes, loan growth and solid credit quality are strengthening Waterstone Financial's earnings outlook and financial flexibility.

Yahoo Finance hu, 30 Jul 2026

Waterstone Financial's Q2 Earnings Up Y/Y on Loan Yield Gains

WSBF's Q2 earnings per share rise year over year on higher net interest income, improved margins and community banking strength, while mortgage banking faces pressure from softer sales margins.

Yahoo Finance ue, 23 Jun 2026

Waterstone Financial Declares Regular Quarterly Cash Dividend

WAUWATOSA, Wis., June 23, 2026 (GLOBE NEWSWIRE) -- On June 23, 2026, the Board of Directors of Waterstone Financial, Inc. (NASDAQ: WSBF) declared a regular quarterly cash dividend of $0.17 per common share. The dividend is payable on August…

Yahoo Finance Wed, 29 Apr 2026

Waterstone Financial's Q1 Earnings Jump Y/Y on Mortgage Growth

WSBF doubles its Q1 earnings per share on a year-over-year basis on margin expansion and stronger mortgage activity, though higher compensation costs act as a partial offset.

Yahoo Finance Mon, 27 Apr 2026

Waterstone Financial, Inc. Announces Expansion of Share Repurchase Program

WAUWATOSA, Wis., April 27, 2026 (GLOBE NEWSWIRE) -- Waterstone Financial, Inc. (NASDAQ: WSBF) (the “Company”) announced that on April 27, 2026, its Board of Directors authorized the repurchase of up to an additional 2,000,000 shares of the …

Yahoo Finance Wed, 13 May 2026

The Zacks Analyst Blog NVIDIA, Mastercard, AbbVie, Waterstone and Precipio

AI demand and pipeline growth headline top Zacks stock reports on NVIDIA, Mastercard and AbbVie.

WSBF — Frequently Asked Questions

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

As of 2026-09-07 16:24 PDT, Waterstone Financial, Inc. (WSBF) trades at $21.52 on NasdaqGS. Its 52-week range is $13.57 to $21.52.

What is the market capitalisation of WSBF?

Waterstone Financial, Inc. (WSBF) has a market capitalisation of $386.87M on NasdaqGS.

What is the P/E ratio of WSBF?

WSBF trades at a trailing price-to-earnings (P/E) ratio of 12.44. The industry average P/E is 14.52. Its price-to-book (P/B) ratio is 1.04.

Does WSBF pay a dividend?

Waterstone Financial, Inc. (WSBF) currently offers a dividend yield of 3.07%.

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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Waterstone Financial, Inc. WSBF R2KR3KFINANCIAL

Company Overview

Why Investors Should Care

Recent Developments

Growth & Price Performance

Compounded Sales Growth

Compounded Profit Growth

Stock Price Performance

Price Chart

Technical Trend

Fundamental Growth Charts

PROS

CONS

Valuation

Growth (CAGR)

Profitability & Returns

Balance Sheet & Liquidity

Ownership

Financial Snapshot

Peer comparison

Quarterly Results

Profit & Loss (Annual)

Balance Sheet (Annual)

Cash Flows (Annual)

Ratios (Annual)

Shareholding Pattern

Top Institutional Holders

Analyst View

Latest News

WSBF Surges 43% in a Year: Reason to Buy the Stock Now?

Waterstone Financial's Q2 Earnings Up Y/Y on Loan Yield Gains

Waterstone Financial Declares Regular Quarterly Cash Dividend

Waterstone Financial's Q1 Earnings Jump Y/Y on Mortgage Growth

Waterstone Financial, Inc. Announces Expansion of Share Repurchase Program

The Zacks Analyst Blog NVIDIA, Mastercard, AbbVie, Waterstone and Precipio

WSBF — Frequently Asked Questions

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

What is the market capitalisation of WSBF?

What is the P/E ratio of WSBF?

Does WSBF pay a dividend?

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

Is WSBF a good stock to buy?

Explore More