Recent News
On February 17, 2026 the bank announced a senior-business banking leadership appointment. On February 6, 2026 the company received recognition as one of Newsweek’s America’s Best Regional Banks. On January 30, 2026 the firm highlighted recognition of its CFO at a South Florida business awards event.
Technical Analysis
ADX sits at 25.39, signaling a strong underlying directional environment; this strength increases the importance of directional indicator resolution for near-term price bias relative to the current valuation.
DI+ shows a dip & reversal — a bullish development that indicates buying pressure re-emerging after a pullback; DI- registers an increasing trend, indicating concurrent selling pressure and directional contention around recent levels.
MACD rests negative at -0.30 with a dip & reversal trend, indicating bullish momentum beginning to rebuild, but MACD remains below its signal line (-0.22), so no confirmed bullish cross exists yet.
MRO reads -4.21, implying the price sits below the model target and therefore carries potential to move higher toward that target; the negative MRO suggests upside pressure relative to the valuation anchor.
RSI at 48.4 shows the oscillator near its midpoint with a dip & reversal trend, reflecting a move away from oversold conditions and short-term upward momentum beginning to form.
Price relationships: last close $18.41 exceeds the 200-day average ($17.81) but remains below the 50-day average ($19.17), placing price between longer-term support and intermediate resistance; the 12-day EMA (trend: dip & reversal) shows early short-term recovery, while Ichimoku components (Senkou A $19.29, Senkou B $18.91, Kijun $18.95) place immediate resistance in the $18.90–$19.30 band.
Fundamental Analysis
Earnings: Reported EPS of $0.24 missed the $0.50 estimate by $0.26, a -52% surprise; operating detail shows a contrast between operating metrics and headline EPS that warrants monitoring as management executes restructuring and portfolio actions.
Profitability and returns: return on assets equals 0.049% and return on equity equals 0.628%, both below the industry peer mean values of 0.308% and 2.846% respectively; net income for the period totaled $1,363,000 while net interest income measured $22,207,000, supporting core margin but leaving limited operating leverage.
Growth and cash flow: YoY revenue declined -5.16% and QoQ revenue fell -13.23%; earnings growth shows +15.33% YoY but -4.73% QoQ. Operating cash flow registered $1,991,000 while free cash flow totaled -$10,106,000, for a free-cash-flow yield of -3.01%, below the industry peer mean of 2.20%.
Capital structure and liquidity: total assets $2,791,540,000 with total equity $217,183,000; debt-to-assets stands at 7.27%, above the industry peer mean of 4.93%, and debt-to-equity equals 93.50%, near typical regional-bank leverage patterns but higher than peer mean. Cash balances of $38,477,000 and a book value per share near $11.97 provide capital buffers.
Valuation metrics: trailing P/E equals 77.08, above the industry peer mean of 43.96 and above the peer high of 73.77; price-to-book equals 1.545, modestly above the industry peer mean of 1.2676; price-to-sales equals 18.61, above the industry peer mean of 13.20. WMDST values the stock as over-valued, reflecting elevated multiples relative to peers and compressed revenue and cash-flow dynamics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-22 |
| NEXT REPORT DATE: | 2026-04-23 |
| CASH FLOW | Begin Period Cash Flow | $ 56.8 M |
| Operating Cash Flow | $ 2.0 M | |
| Capital Expenditures | $ -95.00 K | |
| Change In Working Capital | $ -18.51 M | |
| Dividends Paid | $ -1.81 M | |
| Cash Flow Delta | $ -18.33 M | |
| End Period Cash Flow | $ 38.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 18.0 M | |
| Forward Revenue | $ 33.7 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 163.0 K | |
| Depreciation and Amortization | $ 163.0 K | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 37.6 M | |
| Interest Expense | $ 15.4 M | |
| Net Interest Income | $ 22.2 M | |
| Income Before Tax | $ 3.3 M | |
| Tax Provision | $ 1.9 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 1.4 M | |
| Net Income From Continuing Operations | $ 1.4 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 | $ 217.2 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 38.5 M | |
| Net Receivables | $ 11.7 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | $ 159.1 M | |
| Total Debt | $ 203.1 M | |
| Total Liabilities | $ 2.6 B | |
| EQUITY | ||
| Total Equity | $ 217.2 M | |
| Retained Earnings | $ -49.54 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 11.97 | |
| Shares Outstanding | 18.138 M | |
| Revenue Per-Share | $ 0.99 | |
| VALUATION | Market Capitalization | $ 335.5 M |
| Enterprise Value | $ 538.6 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 29.874 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 12.853 | |
| Asset To Liability | 1.084 | |
| Debt To Capital | 0.483 | |
| Debt To Assets | 0.073 | |
| Debt To Assets QoQ | 256.045 % | |
| Debt To Assets YoY | 1073.226 % | |
| Debt To Assets IPRWA | high: 0.098 USCB: 0.073 median: 0.054 mean: 0.049 low: -0.0 |
|
| Debt To Equity | 0.935 | |
| Debt To Equity QoQ | 245.762 % | |
| Debt To Equity YoY | 1158.764 % | |
| Debt To Equity IPRWA | high: 1.415 USCB: 0.935 mean: 0.477 median: 0.466 low: -0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.545 | |
| Price To Book QoQ | 4.139 % | |
| Price To Book YoY | -5.041 % | |
| Price To Book IPRWA | high: 2.039 USCB: 1.545 mean: 1.268 median: 1.205 low: 0.274 |
|
| Price To Earnings (P/E) | 77.079 | |
| Price To Earnings QoQ | 102.473 % | |
| Price To Earnings YoY | 49.009 % | |
| Price To Earnings IPRWA | USCB: 77.079 high: 73.773 mean: 43.96 median: 41.048 low: 30.108 |
|
| PE/G Ratio | -1.652 | |
| Price To Sales (P/S) | 18.611 | |
| Price To Sales QoQ | 49.739 % | |
| Price To Sales YoY | 22.071 % | |
| Price To Sales IPRWA | high: 22.493 USCB: 18.611 mean: 13.198 median: 12.554 low: 2.791 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 32.238 | |
| Forward PE/G | -0.691 | |
| Forward P/S | 9.963 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.006 | |
| Asset Turnover Ratio QoQ | -28.681 % | |
| Asset Turnover Ratio YoY | -28.208 % | |
| Asset Turnover Ratio IPRWA | high: 0.015 mean: 0.01 median: 0.01 USCB: 0.006 low: 0.006 |
|
| Receivables Turnover | 1.516 | |
| Receivables Turnover Ratio QoQ | -28.904 % | |
| Receivables Turnover Ratio YoY | -28.411 % | |
| Receivables Turnover Ratio IPRWA | high: 4.612 mean: 2.646 median: 2.491 USCB: 1.516 low: 0.968 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 60.196 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 60.196 | |
| Cash Conversion Cycle Days QoQ | 40.656 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | USCB: 60.196 high: 45.337 median: 41.039 mean: 38.484 low: 31.413 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.005 | |
| CapEx To Depreciation | -0.583 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 414.7 M | |
| Net Invested Capital | $ 414.7 M | |
| Invested Capital | $ 414.7 M | |
| Net Tangible Assets | $ 217.2 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 | 9.389 % | |
| 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 | 0.753 | |
| Dividend Payout Ratio | 1.329 | |
| Dividend Rate | $ 0.10 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.852 % | |
| Revenue Growth | -27.763 % | |
| Revenue Growth QoQ | -1323.04 % | |
| Revenue Growth YoY | -515.987 % | |
| Revenue Growth IPRWA | high: 23.369 % mean: 3.447 % median: 2.24 % low: -10.947 % USCB: -27.763 % |
|
| Earnings Growth | -46.667 % | |
| Earnings Growth QoQ | -473.336 % | |
| Earnings Growth YoY | 1533.427 % | |
| Earnings Growth IPRWA | high: 44.444 % mean: 3.244 % median: -0.971 % low: -25.0 % USCB: -46.667 % |
|
| 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) | $ -10.11 M | |
| Free Cash Flow Yield | -3.012 % | |
| Free Cash Flow Yield QoQ | -146.64 % | |
| Free Cash Flow Yield YoY | 239.572 % | |
| Free Cash Flow Yield IPRWA | high: 7.476 % median: 2.306 % mean: 2.195 % low: -1.861 % USCB: -3.012 % |
|
| Free Cash Growth | -150.444 % | |
| Free Cash Growth QoQ | -1425.615 % | |
| Free Cash Growth YoY | 17.619 % | |
| Free Cash Growth IPRWA | high: 176.765 % mean: -2.315 % median: -9.484 % USCB: -150.444 % low: -234.402 % |
|
| Free Cash To Net Income | -7.415 | |
| Cash Flow Margin | 11.043 % | |
| Cash Flow To Earnings | 1.461 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.05 | |
| Return On Assets (ROA) | 0.049 % | |
| Return On Assets QoQ | -84.969 % | |
| Return On Assets YoY | -81.985 % | |
| Return On Assets IPRWA | high: 0.519 % median: 0.311 % mean: 0.308 % USCB: 0.049 % low: 0.027 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.006 | |
| Return On Equity QoQ | -85.31 % | |
| Return On Equity YoY | -80.406 % | |
| Return On Equity IPRWA | high: 0.047 mean: 0.028 median: 0.028 USCB: 0.006 low: 0.003 |
|
| DuPont ROE | 0.64 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |
