Recent News
On October 21, 2025 the Board declared a cash dividend of $0.23 per common share payable November 10, 2025 to shareholders of record at the close on October 31, 2025.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 20.82 indicates an emerging trend strength. DI+ around 20.44 shows a dip-and-reverse to the upside, and DI- near 31.77 has peaked and reversed; the combination suggests recent bullish shifts in directional readings even as DI- remains higher than DI+, implying the bullish shift faces residual downside pressure. That emerging-strength profile aligns with a valuation that WMDST marks fair-valued, indicating any price appreciation may require confirmation from further momentum improvement.
MACD: MACD sits at 0.64 and declines toward its signal (MACD signal 0.93), placing MACD below the signal line and showing decreasing momentum. This configuration signals bearish momentum development in the near term and reduces the odds of a sustained breakout until MACD resumes an upward cross above its signal line.
MRO (Momentum/Regression Oscillator): MRO at 31.79 reads positive, indicating price sits above the model target and faces potential downward pressure toward that target. The MRO has turned down, which increases the likelihood of mean reversion pressure over near-term trading horizons.
RSI and price momentum: RSI at 58.56, now decreasing, shows momentum cooling from recent strength without reaching overbought levels. The 12-day EMA at $40.47 trending down while price closed at $39.90 places near-term bias slightly negative versus short-term averages, even as longer-term averages remain supportive.
Price vs. moving averages and bands: Current price at $39.90 trades below the 20-day average $40.95 and the 12-day EMA, while holding above the 50-day average $38.04 and the 200-day average $34.81. Bollinger bands place a 1x lower band at $40.18 and a 2x lower band at $39.40; price sits just below the 1x lower band and above the 2x lower band, showing constrained downside within recent volatility bounds. These elements suggest short-term resistance near the 20-day/12-day zone and layered support closer to $38 and the 200-day average.
Fundamental Analysis
Earnings and recent operating results: For the quarter ended September 30, 2025 the company reported consolidated net income of $3,030,000 and diluted EPS of $0.64, up from $0.58 in the comparable quarter. For the nine months ended September 30, 2025 net income totaled $11,646,000, up 37.3% year-over-year, with nine‑month EPS of $2.47 versus $1.79 a year earlier. Return on average assets for the first nine months reached 1.03% while return on average equity moved to 9.95%.
Profitability and cash flow metrics: Net income for the most recent period stood at $3,030,000, and free cash flow totaled $4,972,000, producing a free cash flow yield of 2.97%. Free cash flow converted at roughly 164% of net income, indicating cash generation outpaced accounting earnings for the period. The company paid $1,083,000 in dividends in the period and shows a dividend coverage ratio near 2.80 and a payout ratio of about 35.7% based on available metrics, supporting the recent dividend declaration.
Balance-sheet and capital structure: Total assets reached $1,570,043,000 with total equity of $164,417,000. Debt-to-assets at 2.90% and debt-to-equity near 27.67% reflect a low leverage posture versus common banking capital structures. Cash on hand measured $89,316,000 and core net tangible assets about $157,098,000, providing liquidity and capital to support lending and capital return programs.
Growth, efficiency, and valuation context: YoY revenue growth shows a decline of 32.35% while asset growth ran about 3.95%. Asset turnover near 0.01061 sits below the industry peer mean of 0.01413 but close to peer median 0.01243, indicating relatively low turnover consistent with community banking models. WMDST-calculated book value reached $34.90 per share and price-to-book sits at 1.02, slightly below the industry peer mean of 1.12 and near the industry peer median of 0.99. The price-to-sales ratio registers 10.23, below the industry peer mean 11.08 and below the peer median 11.17. WMDST values the stock as fair-valued under current metrics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-13 |
| NEXT REPORT DATE: | 2026-02-12 |
| CASH FLOW | Begin Period Cash Flow | $ 54.6 M |
| Operating Cash Flow | — | |
| Capital Expenditures | $ -341.00 K | |
| Change In Working Capital | $ 2.3 M | |
| Dividends Paid | $ -1.08 M | |
| Cash Flow Delta | $ 34.7 M | |
| End Period Cash Flow | $ 89.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 16.3 M | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 21.5 M | |
| Interest Expense | $ 7.0 M | |
| Net Interest Income | $ 14.5 M | |
| Income Before Tax | $ 3.7 M | |
| Tax Provision | $ 714.0 K | |
| Tax Rate | 19.1 % | |
| Net Income | $ 3.0 M | |
| Net Income From Continuing Operations | $ 3.0 M | |
| EARNINGS | ||
| EPS Estimate | — | |
| EPS Actual | — | |
| EPS Difference | — | |
| EPS Surprise | — | |
| Forward EPS | — | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.6 B | |
| Intangible Assets | $ 7.3 M | |
| Net Tangible Assets | $ 157.1 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 89.3 M | |
| Net Receivables | $ 5.5 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 45.5 M | |
| Total Liabilities | $ 1.4 B | |
| EQUITY | ||
| Total Equity | $ 164.4 M | |
| Retained Earnings | $ 130.1 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 34.90 | |
| Shares Outstanding | 4.711 M | |
| Revenue Per-Share | $ 3.47 | |
| VALUATION | Market Capitalization | $ 167.2 M |
| Enterprise Value | $ 212.7 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 13.011 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.549 | |
| Asset To Liability | 1.117 | |
| Debt To Capital | 0.217 | |
| Debt To Assets | 0.029 | |
| Debt To Assets QoQ | -6.092 % | |
| Debt To Assets YoY | -14.184 % | |
| Debt To Assets IPRWA | high: 0.337 mean: 0.09 median: 0.085 OVBC: 0.029 low: 0.003 |
|
| Debt To Equity | 0.277 | |
| Debt To Equity QoQ | -4.57 % | |
| Debt To Equity YoY | -16.559 % | |
| Debt To Equity IPRWA | high: 3.306 mean: 0.727 median: 0.287 OVBC: 0.277 low: 0.014 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.017 | |
| Price To Book QoQ | 1.6 % | |
| Price To Book YoY | 41.749 % | |
| Price To Book IPRWA | high: 2.662 mean: 1.119 OVBC: 1.017 median: 0.994 low: 0.422 |
|
| Price To Earnings (P/E) | — | |
| Price To Earnings QoQ | — | |
| Price To Earnings YoY | — | |
| Price To Earnings IPRWA | — | |
| PE/G Ratio | — | |
| Price To Sales (P/S) | 10.228 | |
| Price To Sales QoQ | 10.51 % | |
| Price To Sales YoY | 44.648 % | |
| Price To Sales IPRWA | high: 26.419 median: 11.167 mean: 11.076 OVBC: 10.228 low: 2.168 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | — | |
| Forward PE/G | — | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.011 | |
| Asset Turnover Ratio QoQ | -7.739 % | |
| Asset Turnover Ratio YoY | -0.376 % | |
| Asset Turnover Ratio IPRWA | high: 0.035 mean: 0.014 median: 0.012 OVBC: 0.011 low: 0.001 |
|
| Receivables Turnover | 3.128 | |
| Receivables Turnover Ratio QoQ | -12.423 % | |
| Receivables Turnover Ratio YoY | -7.369 % | |
| Receivables Turnover Ratio IPRWA | high: 6.013 OVBC: 3.128 mean: 2.733 median: 2.541 low: 0.133 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 29.17 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 93.2 mean: 40.617 median: 34.388 low: 15.176 OVBC: 0 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.021 | |
| CapEx To Depreciation | 0.0 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 208.9 M | |
| Net Invested Capital | $ 208.9 M | |
| Invested Capital | $ 208.9 M | |
| Net Tangible Assets | $ 157.1 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 | 11.173 % | |
| 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 | 2.798 | |
| Dividend Payout Ratio | 0.357 | |
| Dividend Rate | $ 0.23 | |
| Dividend Yield | 0.006 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 3.952 % | |
| Revenue Growth | 3.557 % | |
| Revenue Growth QoQ | 0.0 % | |
| Revenue Growth YoY | -32.351 % | |
| Revenue Growth IPRWA | high: 20.816 % OVBC: 3.557 % median: 3.336 % mean: 2.089 % low: -10.179 % |
|
| Earnings Growth | — | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | — | |
| 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) | $ 5.0 M | |
| Free Cash Flow Yield | 2.974 % | |
| Free Cash Flow Yield QoQ | 9.499 % | |
| Free Cash Flow Yield YoY | -40.077 % | |
| Free Cash Flow Yield IPRWA | high: 13.954 % median: 3.151 % OVBC: 2.974 % mean: 2.631 % low: -6.017 % |
|
| Free Cash Growth | 13.802 % | |
| Free Cash Growth QoQ | -99.55 % | |
| Free Cash Growth YoY | -65.854 % | |
| Free Cash Growth IPRWA | high: 410.807 % mean: 20.867 % OVBC: 13.802 % median: -8.909 % low: -542.365 % |
|
| Free Cash To Net Income | 1.641 | |
| Cash Flow Margin | 0.0 % | |
| Cash Flow To Earnings | 0.0 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.05 | |
| Return On Assets (ROA) | 0.197 % | |
| Return On Assets QoQ | -29.137 % | |
| Return On Assets YoY | 4.787 % | |
| Return On Assets IPRWA | high: 0.732 % mean: 0.343 % median: 0.291 % OVBC: 0.197 % low: -0.372 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.018 | |
| Return On Equity QoQ | -29.63 % | |
| Return On Equity YoY | 3.134 % | |
| Return On Equity IPRWA | high: 0.071 median: 0.033 mean: 0.032 OVBC: 0.018 low: -0.037 |
|
| DuPont ROE | 1.863 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |