Recent News
Jan 22, 2026 — Company reported fourth-quarter 2025 results and noted a $44.6m sale of lower-yielding securities tied to a portfolio restructuring and related after-tax loss; management said proceeds reinvested into loans. Dec 23, 2025 — Bank amended a change-in-control agreement for its Chief Lending Officer effective Dec 19, 2025. Dec 15, 2025 — Investor’s Business Daily upgraded the company’s composite rating into the 95-plus club and highlighted strong EPS and institutional accumulation metrics.
Technical Analysis
Directional indicators show bearish pressure: DI+ at 17.63 trending down while DI– at 19.21 trends up, and ADX at 15.87 indicates no established trend; near-term directional signals therefore remain weak despite the DI divergence.
MACD at 0.03 sits below its 0.09 signal line with a decreasing MACD_trend, signaling bearish momentum that has not yet resolved into a bullish crossover.
MRO reads 21.37 with a dip & reversal pattern; the positive MRO implies price currently sits above the internal target and faces mean-reversion risk even as momentum attempts a short-lived recovery.
RSI at 53.2 and decreasing registers neutral momentum with a slight bias toward selling pressure. Price sits at $19.43, above the 200-day average of $17.70 and near the price-target mean of $19.78; the 12-day EMA shows a dip & reversal while the 20-day average equals $19.49, placing recent price action close to short-term resistance. Bollinger bands compress between $18.87–$20.10, signaling low volatility that could precede a directional expansion.
Volume at 57,028 exceeds the 10-day average of 49,612 and the 50-day average of 48,601, indicating recent participation above short-term norms but still modest absolute liquidity for a regional bank.
Fundamental Analysis
Earnings missed consensus this period: EPS of $0.24 fell $0.26 short of a $0.50 estimate, an EPS surprise of -52%, reflecting one-time portfolio rebalancing effects disclosed with the quarter. Forward EPS equals $0.5615 with a forward PE of 44.78. WMDST values the stock as under-valued given the franchise’s cash generation and capital metrics.
Profitability ratios sit above industry peer means: return on assets at 0.326% slightly exceeds the industry peer mean of 0.305%, while return on equity at 4.275% exceeds the industry peer mean of 2.849%, reflecting efficient capital deployment at current scale. Net interest income grew versus prior-year periods and net interest margin registered 3.27% in the most recent quarter.
Capital and leverage remain conservative: debt-to-assets equals 2.043%, well below the industry peer mean of 5.593%, and debt-to-equity at 27.042% sits under the industry peer mean of 50.962%, preserving balance-sheet optionality. Cash totals $56,811,000 with free cash flow of $20,034,000 and a free cash flow yield of 6.46%, above the industry peer mean of 2.70%.
Valuation multiples give a mixed picture versus peers: price-to-book at 1.48 sits modestly above the industry peer mean of 1.245 and near the peer median of 1.156, representing a small premium to book; price-to-earnings at 38.07 remains below the industry peer mean of 42.99 and the peer median of 41.77. QoQ and YoY movements show recent compression in some multiples (P/E QoQ -10.39%, P/E YoY -7.58%; P/B QoQ +0.84%, P/B YoY +12.19%). Revenue growth weakened sequentially (QoQ -67.05%, YoY -54.56%) but loan growth and deposit growth supported balance-sheet expansion.
Dividend policy shows coverage: dividend payout ratio stands at 22.46% with dividend coverage of 4.45 and a current dividend yield near 0.65% (dividend rate $0.11089). Cost of debt appears elevated at 14.52%, reflective of funding mix and specific liabilities rather than systematic leverage exposure.
WMDST’s valuation outcome favors an under-valued designation given above-peer return metrics, conservative leverage, strong free cash flow yield, and a balance-sheet repositioning that should support operating income going forward.
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: 42.99 median: 41.768 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 | — | |