Added to YB: 2025-09-01
Pitch date: 2025-08-29
WSBF [bullish]
Waterstone Financial, Inc.
+28.13%
current return
Author Info
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Company Info
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.
Market Cap
$315.5M
Pitch Price
$14.49
Price Target
N/A
Dividend
3.71%
EV/EBITDA
N/A
P/E
11.06
EV/Sales
N/A
Sector
Financial Services
Category
value
Waterstone Financial (WSBF)
WSBF: Wisconsin regional bank w/ mortgage origination arm trading 0.80x tangible BV ($18.19/share), 10.6x P/E, 4.1% yield. Mortgage segment turned profitable after 4yr losses, poised for surge as rates drop from 6.64% to 5-5.5%. Mgmt bought back 3% shares Q2 at $12.80 (increased BV $0.14/share). $270M mcap vs potential $5-10M quarterly mortgage profit if volumes near 2021 levels. Strong capital allocation, low credit risk.
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