Stocks · Financial Services · Banks - Regional
Waterstone Financial, Inc. WSBF
$19.94 +2.20% Close, Oct 2, 2026 · NASDAQ · Market cap $360.0M
Next earnings report: Oct 22, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $1.72, up 50.9% year over year.
- Net debt is 17.7× EBITDA, a high level of leverage.
- The stock is in an uptrend: above its 200-day average for 289 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 7%
- EPS growth (TTM, YoY)Top 21%
- FCF growth (TTM, YoY)Bottom 11%
- Revenue growth, 3-year CAGRBottom 17%
- Revenue growth accelerationBottom 8%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 45%
- Gross marginTop 49%
- Operating marginBottom 27%
- Cash conversion (OCF / net income)Top 30%
- Accruals (lower is better)Top 38%
- Net debt / EBITDA (lower is better)Bottom 6%
- Interest coverBottom 20%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 29%
- Free-cash-flow yieldTop 27%
- EBITDA / enterprise valueBottom 31%
- Sales / enterprise valueBottom 29%
- P/E vs own 5-year history (lower is better)Top 31%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 15%
- 6-month returnTop 41%
- 1-year return vs S&P 500Top 21%
- Distance from 52-week highTop 39%
- Trend checklist (0–4)Top 48%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 37%
- Consecutive EPS beatsBottom 17%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 31%
- Maximum drawdown, 3 yearsTop 48%
- Beta vs S&P 500 (lower is better)Top 32%
- Net debt / EBITDA (lower is better)Bottom 6%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.5% | -16.8% | ↓ |
| EPS growth (YoY) | 61.8% | 50.9% | ↓ |
| Gross margin | 67.4% | 65.4% | ↓ |
| Operating margin | 13.2% | 12.3% | ↓ |
| FCF margin | 43.6% | 26.4% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -16.8% | 5.5% | ↓ | Bottom 7% |
| EPS growth (TTM, YoY) | 50.9% | 61.8% | ↓ | Top 21% |
| Gross margin | 65.4% | 67.4% | ↓ | Top 49% |
| Operating margin | 12.3% | 13.2% | ↓ | Bottom 27% |
| Net margin | 18.6% | 10.6% | ↑ | — |
| Free-cash-flow margin | 26.4% | 43.6% | ↓ | — |
| Return on invested capital | 1.9% | — | Top 45% | |
| Revenue growth, 3-year CAGR | 5.6% | — | Bottom 17% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.49×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.3%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 17.65×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.00%
- Net buyback yield (TTM)
- 3.74%
- Shareholder yield
- 6.74%
- Share count change, 1 year
- -3.9%
- Share count change, 3-year CAGR
- -5.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +2.3%
- Average 2-day reaction, last 8
- -0.2%
- Positive 20 days after report
- 8 of 8
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | -25.8% | -0.4% | +5.3% | +7.3% | — |
| Apr 23, 2026 | -48.5% | -0.2% | -0.5% | +2.6% | +8.1% |
| Jan 28, 2026 | +33.3% | -2.7% | +6.3% | +4.2% | +2.7% |
| Oct 23, 2025 | +50.0% | -1.3% | +2.5% | +1.9% | +16.1% |
| Jul 22, 2025 | +65.4% | +0.6% | +1.7% | +4.6% | +10.7% |
| Apr 22, 2025 | +30.8% | +2.4% | -0.2% | +6.5% | +11.8% |
| Jan 28, 2025 | +55.6% | -0.9% | -0.1% | +4.8% | -9.5% |
| Oct 22, 2024 | +13.0% | +1.2% | +1.3% | +4.6% | -10.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $0.49 | $0.66 | -25.8% | $7.3M |
| Apr 23, 2026 | $0.34 | $0.66 | -48.5% | $49.2M |
| Jan 28, 2026 | $0.44 | $0.33 | +33.3% | $31.8M |
| Oct 23, 2025 | $0.45 | $0.30 | +50.0% | $34.1M |
| Jul 22, 2025 | $0.43 | $0.26 | +65.4% | $37.2M |
| Apr 22, 2025 | $0.17 | $0.13 | +30.8% | $32.4M |
| Jan 28, 2025 | $0.28 | $0.18 | +55.6% | $28.6M |
| Oct 22, 2024 | $0.26 | $0.23 | +13.0% | $34.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 11.6× | 12.2× | 33th | Top 29% |
| EV / EBITDA | 34.7× | — | — | Bottom 31% |
| EV / Sales | 4.53× | — | — | Bottom 29% |
| Free-cash-flow yield | 11.88% | — | — | Top 27% |
| Earnings yield | 8.63% | — | — | Top 29% |
P/E over the past five years
Range 5.2× – 26.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +29.0%
- Earnings per share growth (TTM)
- +50.9%
- Change in P/E multiple
- +2.9%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 289
- 50-day average slope (20 days)
- +1.4%
- 200-day average slope (20 days)
- +2.5%
- Distance from 50-day average
- -4.1%
- Distance from 200-day average
- +5.5%
- RSI (14)
- 38.8
- Relative volume
- 1.11×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 17.2%
- Volatility vs own 5-year history
- 10th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.47
- Correlation with S&P 500
- 0.31
- Current drawdown from 1-year high
- -7.3%
- Maximum drawdown, 3 years
- -28.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 6, 2022 | Oct 23, 2023 | -56.6% | 450 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $360.0M
- P/E (TTM)
- 11.6
- EPS, diluted (TTM)
- $1.72
- Revenue (TTM)
- $162.0M
- Dividend yield
- 4.06%
- 52-week range
- $14.52 – $21.66
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $268.5M | $171.1M | $177.0M | $199.4M | $201.6M |
| Gross profit | $258.1M | $156.8M | $127.3M | $132.5M | $143.6M |
| Operating income | $92.1M | $24.5M | $11.0M | $24.0M | $33.4M |
| Net income | $70.8M | $19.5M | $9.4M | $18.7M | $26.4M |
| EPS (diluted) | $2.96 | $0.89 | $0.46 | $1.01 | $1.48 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $51.0M | $47.6M | $43.9M | $52.2M | $51.2M | $54.3M | $49.2M | $7.3M |
| Net income | $4.7M | $5.2M | $3.0M | $7.7M | $7.9M | $7.7M | $6.0M | $8.5M |
| EPS (diluted) | $0.26 | $0.28 | $0.17 | $0.43 | $0.44 | $0.44 | $0.34 | $0.50 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $142.0M | $206.7M | -$27.6M | $48.1M | $19.0M |
| Capital expenditure | -$778,000 | -$701,000 | -$700,000 | -$1.1M | -$1.2M |
| Free cash flow | $141.2M | $206.0M | -$28.3M | $47.0M | $17.9M |
| Dividends paid | -$30.4M | -$30.3M | -$15.4M | -$11.3M | -$10.8M |
| Net share buybacks | -$7.9M | -$47.8M | -$26.0M | -$14.9M | -$13.8M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $275.5M
- Total assets
- $2.25B
- Total liabilities
- $1.90B
- Total debt
- $412.0M
- Net debt
- $373.8M
- Shareholders’ equity
- $351.1M
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 8, 2026 | $0.17 | Nov 2, 2026 |
| Jul 8, 2026 | $0.17 | Aug 3, 2026 |
| Apr 8, 2026 | $0.17 | May 1, 2026 |
| Jan 8, 2026 | $0.15 | Feb 2, 2026 |
| Oct 8, 2025 | $0.15 | Nov 3, 2025 |
| Jul 8, 2025 | $0.15 | Aug 1, 2025 |
| Apr 8, 2025 | $0.15 | May 1, 2025 |
| Jan 8, 2025 | $0.15 | Feb 3, 2025 |
Short interest
- Shares sold short
- 420,725
- Days to cover
- 3.91
- Change vs previous report
- -2.6%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jan 23, 2014
- 2,743-for-2,500