Waterstone Financial, Inc. (WSBF)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
$21.52+0.80%
Close 2026-09-04 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-04
Warn: Management is running behind on a stated commitment.
Waterstone Financial pays a steady quarterly dividend of $0.17 per share. The stock trades at a reasonable PE of 12.05, close to peers. Analysts expect about 12% revenue growth next year. The company has consistently beaten earnings estimates in recent quarters.
The company has a fragile quality status and a negative free cash flow yield of -0.01. Dividend growth is not confirmed beyond maintaining the current $0.17 per share. The bank faces moderate risk in a stormy market environment with inflation at 4.25%.
The price sits about 1% below our 12-month fair value near $20. Analysts expect roughly 12% revenue growth, which is justified by current valuation. Our view aligns with the market on growth and valuation.
Breaks if: Dividend per share falls below $0.17 in any quarter
Continue paying a stable quarterly cash dividend to shareholders, reflecting commitment to capital return.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable financial institution with a focus on improving net interest margins and loan origination volumes. The current thesis state indicates a recovery, with management executing on key priorities.
The market seems to have priced in a low expectations gap, suggesting that WSBF is viewed as relatively cheap compared to its peers. There is a justified valuation, indicating that the current price reflects the company's fundamentals without excessive optimism.
Management is on track with priorities to increase net interest margins and loan origination volumes, which has led to strong recent financial results. However, there is a moderate risk of missing earnings, given the company's history of consecutive earnings misses.
The long-term thesis hinges on the performance of sector bellwethers like HDB, IBN, and PNC, as their results can influence WSBF's momentum. Additionally, changes in Federal Reserve interest rates could impact the financial sector's performance.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 2 of last 2 quarters. The company declared a consistent quarterly dividend of $0.17 per share in both 2026-Q1 and 2026-Q2. This reflects management's ongoing commitment to stable shareholder returns.
“Dividends declared during the quarter totaled $0.17 per common share.”
“Declared an increased quarterly dividend of $0.17 per share.”
Breaks if: Miss earnings estimates in 2 consecutive quarters
Breaks if: YoY revenue growth falls below 11.8% next year
Overall, WSBF is positioned well in a supportive sector but faces risks that could affect its performance. Not investment advice.