Waterstone Financial Inc (WSBF) Files 10-K for the Fiscal Year Ended on December 31, 2017

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Waterstone Financial Inc (WSBF) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Waterstone Financial Inc is a one-bank holding company with two segments: community banking & mortgage banking. The Company provides consumer and business banking products and services to customers, and also provides residential mortgage loans. Waterstone Financial Inc has a market cap of $522.170 million; its shares were traded at around $17.70 with a P/E ratio of 19.03 and P/S ratio of 2.78. The dividend yield of Waterstone Financial Inc stocks is 2.72%.


For the last quarter Waterstone Financial Inc reported a revenue of $41.5 million, compared with the revenue of $43.13 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $175.1 million, an increase of 3.1% from last year. For the last five years Waterstone Financial Inc had an average revenue growth rate of 7% a year.

The reported diluted earnings per share was 93 cents for the year, compared with the earnings per share of $0.38 in the previous year. Over the last five years Waterstone Financial Inc had an EPS growth rate of 6.6% a year. The Waterstone Financial Inc enjoyed an operating margin of 25.37%, compared with the operating margin of 24.73% a year before. The 10-year historical median operating margin of Waterstone Financial Inc is 9.47%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, Waterstone Financial Inc has the cash and cash equivalents of $31.6 million, compared with $20.4 million in the previous year. The long term debt was $386.3 million, compared with $387.2 million in the previous year. The interest coverage to the debt is 2.7, which is not a favorable level. Waterstone Financial Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $17.70, Waterstone Financial Inc is traded at close to its historical median P/S valuation band of $17.71. The P/S ratio of the stock is 2.78, while the historical median P/S ratio is 2.79. The stock gained 2.64% during the past 12 months.

For the complete 20-year historical financial data of WSBF, click here.

This article first appeared on GuruFocus.


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