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Company Analysis

Waterstone Financial, Inc. WSBF

A comprehensive view of key metrics, scores, and financial health for Waterstone Financial, Inc.

Overview of Waterstone Financial, Inc.

WSBF NMS
Financial Services Banks - Regional Small Cap
Waterstone Financial, Inc. (WSBF), is a Small Cap company, in the Banks - Regional industry, last closed at $18.24, about 12.0% undervalued vs fair value, +50.7% 1Y return, ranked 391/1037 in sector.
Metrics Rev Growth 52.3% ROE 7.7% Gross Margin 71.2%
$18.24
2.59%
As of April 28, 2026
Previous close • Vol 90d: 24.7%
52-Week Range
Market Cap
$334.90M
Enterprise Value
$683.60M
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Weak
Health
Fair
Efficiency
Weak
Valuation
Fair
Growth
Weak
Profitability
Weak
Health
Fair
Efficiency
Weak
Valuation
Fair
Completeness: 82%
Confidence: 49%
Updated: Mar 8
Top Beats
No strong beats yet

Quick Facts

Website https://www.wsbonline.com
HQ Wauwatosa, WI
Employees 593
Fiscal year Dec 31

Next Events

Dividend May 1

Fair Value Snapshot

Bear Base Bull
$11
$20
$38
Current: $18.24 +12% vs base

Engine Room Money Flow™

Small Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$113.2M
14.1%%
Interest Expense
$59.4M
Net Interest Income
$46.2M
-8.1%%
Total Revenue
$201.6M
52.3%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
5.5%
Poor

Net Income / Equity - key bank profitability metric

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$26.2M
140.1% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
2
Active Leaks
1/2
Improving
0
High Impact
1
Critical
Locked Leak
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Moat Analysis Bank Specialized

Competitive Advantage Assessment

Evaluating Waterstone Financial, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
26
/100
Developing
Scores based on quantitative metrics and qualitative factors

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Deposit Franchise

Weak
24
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Banks (Regional & Diversified) vs Industry Peers 88% Coverage
Trade-Off Triangle Visualization A ternary plot showing WSBF's balance between Growth (24.8%), Profitability (28.3%), and Safety (47.0%). Growth 25% Safety 47% Profitability 28%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

34th percentile vs peers
34
Key Signals
EPS Growth YoY 1.17 92p Asset Growth YoY 2.3% 36p NII Growth YoY -8.1% 13p Equity Growth YoY -1.4% 7p
Strengths
  • EPS Growth YoY in top 20% of peers (1.17, 92th percentile)
  • Efficiency Ratio in top 20% of peers (54.6%, 83th percentile)
  • Equity/Assets in top 20% of peers (15.5%, 92th percentile)
  • Debt/Assets in top 20% of peers (18.2%, 94th percentile)
  • D/E Ratio in top 20% of peers (1.18, 87th percentile)
Risks
  • NII Growth YoY in bottom 20% of peers (-8.1%)
  • Equity Growth YoY in bottom 20% of peers (-1.4%)

Profitability

39th percentile vs peers
39
Key Signals
Strengths
Risks
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Safety

65th percentile vs peers
65
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Waterstone Financial, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
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Bear
-
- - -
- upside
-
Base
$20.43
- - -
+12.0% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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