Recent News
On December 5, 2025 the company sold $44.6 million of available-for-sale securities as part of a strategy to improve future profitability and reinvest proceeds into loans. On December 19, 2025 the bank’s subsidiary amended and restated a change-in-control agreement for its Executive Vice President and Chief Lending Officer.
Technical Analysis
Directional indicators show no established trend: ADX registers 18.76, indicating a lack of trending momentum, which supports a range-bound near-term structure rather than a sustained breakout.
DI+ sits at 21.14 and shows a decreasing trajectory, a bearish signal; DI- at 16.99 trends increasing, reinforcing downside bias from directional indicators and suggesting sellers currently exert marginally greater pressure.
MACD equals 0.14 while the signal line reads 0.17 and MACD momentum decreases; MACD below its signal line confirms waning bullish momentum and aligns with the directional indicators toward near-term weakness.
MRO stands at 13.42 with a peak-and-reversal pattern; the positive MRO value indicates price currently sits above the model target and points to probable mean reversion (downward pressure) from present levels.
RSI at 54.24 moves lower, indicating the stock retreated from higher internals while remaining in the mid-range; this supports limited immediate upside and increases the chance of a corrective move before any renewed strength.
Price versus moving averages shows mixed placement: last close $19.49 above the 200-day average ($17.63) but below the 20-day average ($19.70) and near the 50-day average ($19.27). The 12-day EMA shows a peak-and-reversal, consistent with short-term weakness while longer-term bias stays positive.
Bollinger bands cluster tightly (1x lower at $19.49; 1x upper at $19.92); price sits at the 1x lower band, which often precedes consolidation or a small rebound, but current momentum indicators favor a pullback rather than a decisive reversal.
Volume appears thin: latest session volume 22,352 runs below the 10-day average of 48,825 and the 50-day average of 50,464, reducing conviction behind recent price moves and increasing the probability that any breakout would require higher participation to sustain.
Fundamental Analysis
Earnings per share arrived at $0.24 versus an estimate of $0.50, representing an EPS surprise of -52.00% and undershooting consensus expectations. The company’s next SEC filing date stands at April 23, 2026.
Profitability measures remain modest: return on equity equals 4.28% (QoQ +21.62%; YoY +31.62%) while return on assets equals 0.33% (QoQ +7.95%; YoY +16.43%). Net income reached $8,939,000 for the period provided. These metrics show improving quarterly momentum in returns despite the EPS miss versus the latest estimate.
Revenue dynamics exhibit meaningful contraction: revenue growth QoQ equals -67.05% and revenue growth YoY equals -54.56%; total revenue for the period stood at $24,958,000. Earnings growth QoQ surged by 137.51% while earnings growth YoY decreased 3.12%, highlighting volatile top-line comparisons alongside improving quarterly profitability.
Valuation multiples offer a mixed picture versus industry peers: P/B ratio equals 1.48, which sits above the industry peer mean of 1.245 and the industry peer median of 1.156, while P/E equals 38.07, which falls below the industry peer mean of 43.01 and the industry peer median of 41.79. Forward P/E equals 44.78 versus an industry peer mean of 50.23. PS ratio equals 12.43, marginally below the industry peer mean of 12.81. These comparisons indicate relative valuation compression on earnings multiples but a slightly higher book multiple than peers.
Cash and free cash flow strength supports valuation: cash balances total $56,811,000 and free cash flow equals $20,034,000, producing a free-cash-flow yield of 6.46%, above the industry peer mean of 2.70%. Free cash flow growth shows mixed signs (QoQ -51.47%; YoY -130.30%), but absolute cash generation remains a supporting factor for intrinsic value assessment.
Leverage remains conservative: debt-to-assets equals 2.04% and debt-to-equity equals 27.04%, both below typical regional-bank leverage ranges, while asset-to-equity equals 13.24. Capital adequacy and low balance-sheet leverage limit downside risk from funding stress.
Dividends continue at a modest rate: dividend yield equals 0.65% with a payout ratio near 22.46%, indicating distributions remain covered by earnings and cash flow in the reported period.
WMDST values the stock as under-valued, citing a free-cash-flow yield materially above the industry peer mean and earnings multiples at or below peer means despite the EPS miss; book multiple above peers partially offsets that case but does not negate the cash-flow argument supporting an intrinsic-value gap.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2026-01-22 |
| NEXT REPORT DATE: | 2026-04-23 |
| CASH FLOW | Begin Period Cash Flow | $ 54.8 M |
| Operating Cash Flow | $ 20.1 M | |
| Capital Expenditures | $ -114.00 K | |
| Change In Working Capital | $ 7.7 M | |
| Dividends Paid | $ -2.01 M | |
| Cash Flow Delta | $ 2.0 M | |
| End Period Cash Flow | $ 56.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 25.0 M | |
| Forward Revenue | $ 7.1 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 158.0 K | |
| Depreciation and Amortization | $ 158.0 K | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 37.7 M | |
| Interest Expense | $ 16.4 M | |
| Net Interest Income | $ 21.3 M | |
| Income Before Tax | $ 11.8 M | |
| Tax Provision | $ 2.9 M | |
| Tax Rate | 24.28 % | |
| Net Income | $ 8.9 M | |
| Net Income From Continuing Operations | $ 8.9 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.50 | |
| EPS Actual | $ 0.24 | |
| EPS Difference | $ -0.26 | |
| EPS Surprise | -52.0 % | |
| Forward EPS | $ 0.56 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.8 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 209.1 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 56.8 M | |
| Net Receivables | $ 12.1 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 56.5 M | |
| Total Liabilities | $ 2.6 B | |
| EQUITY | ||
| Total Equity | $ 209.1 M | |
| Retained Earnings | $ -49.09 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 11.55 | |
| Shares Outstanding | 18.107 M | |
| Revenue Per-Share | $ 1.38 | |
| VALUATION | Market Capitalization | $ 310.2 M |
| Enterprise Value | $ 366.7 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 14.694 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 13.238 | |
| Asset To Liability | 1.082 | |
| Debt To Capital | 0.213 | |
| Debt To Assets | 0.02 | |
| Debt To Assets QoQ | -51.702 % | |
| Debt To Assets YoY | -59.783 % | |
| Debt To Assets IPRWA | high: 0.165 mean: 0.056 median: 0.053 USCB: 0.02 low: 0.0 |
|
| Debt To Equity | 0.27 | |
| Debt To Equity QoQ | -45.565 % | |
| Debt To Equity YoY | -54.521 % | |
| Debt To Equity IPRWA | high: 1.525 mean: 0.51 median: 0.455 USCB: 0.27 low: -0.109 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.484 | |
| Price To Book QoQ | 0.838 % | |
| Price To Book YoY | 12.186 % | |
| Price To Book IPRWA | high: 2.042 USCB: 1.484 mean: 1.245 median: 1.156 low: 0.284 |
|
| Price To Earnings (P/E) | 38.069 | |
| Price To Earnings QoQ | -10.393 % | |
| Price To Earnings YoY | -7.583 % | |
| Price To Earnings IPRWA | high: 75.793 mean: 43.01 median: 41.79 USCB: 38.069 low: 9.669 |
|
| PE/G Ratio | 3.046 | |
| Price To Sales (P/S) | 12.429 | |
| Price To Sales QoQ | -10.975 % | |
| Price To Sales YoY | -5.329 % | |
| Price To Sales IPRWA | high: 24.051 mean: 12.812 median: 12.491 USCB: 12.429 low: 0.117 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 44.779 | |
| Forward PE/G | 3.582 | |
| Forward P/S | 64.164 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.009 | |
| Asset Turnover Ratio QoQ | 0.664 % | |
| Asset Turnover Ratio YoY | 4.839 % | |
| Asset Turnover Ratio IPRWA | high: 0.016 mean: 0.01 median: 0.01 USCB: 0.009 low: 0.005 |
|
| Receivables Turnover | 2.132 | |
| Receivables Turnover Ratio QoQ | -2.544 % | |
| Receivables Turnover Ratio YoY | 10.348 % | |
| Receivables Turnover Ratio IPRWA | high: 4.407 median: 2.631 mean: 2.613 USCB: 2.132 low: 0.56 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 42.797 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 42.797 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 56.945 USCB: 42.797 mean: 35.753 median: 34.679 low: 20.707 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.005 | |
| CapEx To Depreciation | -0.722 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 259.4 M | |
| Net Invested Capital | $ 259.4 M | |
| Invested Capital | $ 259.4 M | |
| Net Tangible Assets | $ 209.1 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 14.515 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.452 | |
| Dividend Payout Ratio | 0.225 | |
| Dividend Rate | $ 0.11 | |
| Dividend Yield | 0.006 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.782 % | |
| Revenue Growth | 2.27 % | |
| Revenue Growth QoQ | -67.054 % | |
| Revenue Growth YoY | -54.555 % | |
| Revenue Growth IPRWA | high: 23.369 % mean: 4.949 % median: 4.033 % USCB: 2.27 % low: -9.66 % |
|
| Earnings Growth | 12.5 % | |
| Earnings Growth QoQ | 137.507 % | |
| Earnings Growth YoY | -3.123 % | |
| Earnings Growth IPRWA | high: 63.889 % USCB: 12.5 % median: 8.235 % mean: 7.516 % low: -37.5 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 20.0 M | |
| Free Cash Flow Yield | 6.458 % | |
| Free Cash Flow Yield QoQ | 22.287 % | |
| Free Cash Flow Yield YoY | 63.992 % | |
| Free Cash Flow Yield IPRWA | high: 9.076 % USCB: 6.458 % mean: 2.695 % median: 2.634 % low: -3.401 % |
|
| Free Cash Growth | 11.349 % | |
| Free Cash Growth QoQ | -51.469 % | |
| Free Cash Growth YoY | -130.304 % | |
| Free Cash Growth IPRWA | high: 435.53 % mean: 17.587 % USCB: 11.349 % median: 4.44 % low: -394.679 % |
|
| Free Cash To Net Income | 2.241 | |
| Cash Flow Margin | 33.08 % | |
| Cash Flow To Earnings | 0.924 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.05 | |
| Return On Assets (ROA) | 0.326 % | |
| Return On Assets QoQ | 7.947 % | |
| Return On Assets YoY | 16.429 % | |
| Return On Assets IPRWA | high: 0.657 % USCB: 0.326 % mean: 0.305 % median: 0.301 % low: 0.027 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.043 | |
| Return On Equity QoQ | 21.622 % | |
| Return On Equity YoY | 31.619 % | |
| Return On Equity IPRWA | high: 0.052 USCB: 0.043 median: 0.03 mean: 0.028 low: 0.002 |
|
| DuPont ROE | 4.058 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |