Recent News
The board approved 2026 continuity awards for senior executives on March 16 to stabilize leadership during the CEO’s announced retirement and ongoing successor search; the company also publicly rejected activist investor board nominees in late March as governance friction continued. Analyst coverage included a February price-target revision and multiple market write-ups summarizing the company’s strategic repositioning and management transition.
Technical Analysis
Directional indicators show a newly emergent trend: ADX at 22.23 indicates an emerging trend strength, while DI+ reading 26.75 with a peak & reversal signals a bearish shift from prior upside; DI– at 17.51 with a dip & reversal also signals bearish directional pressure—together implying a nascent down‑side bias despite only modest trend strength.
MACD stands below its signal line (MACD 0.39 vs signal 0.45) with a peak & reversal on the MACD, indicating bearish momentum that weighs on short-term price bias and tempers any upside from mean-reversion indicators.
MRO at -9.38 indicates the price sits below the target model and therefore carries potential upward pressure if momentum changes; the negative oscillator implies mean-reversion potential rather than runaway downside at current levels.
RSI at 55.7 with a peak & reversal shows momentum losing upside steam but remaining in neutral territory; the indicator suggests the immediate trading range may widen rather than collapse, absent a new catalyst.
Price sits below the 20‑day average ($26.95) and the 12‑day EMA shows a peak & reversal, while the close ($26.32) remains above the 50‑day ($25.70) and 200‑day ($21.62) averages—this configuration signals short-term weakness within a longer-term bullish bias. Price rests near the lower 1x Bollinger band ($26.25), making the next moves sensitive to intraday breadth and volume (today’s volume 395,405 vs 10‑day avg 318,856 indicates elevated participation).
Fundamental Analysis
Earnings: Reported EPS equals $0.48 versus an estimate of $0.29, an EPS surprise of +65.5%, with EPS difference $0.19; forward EPS reads $0.6475 and forward PE equals 29.76. QoQ and YoY dynamics show earnings growth QoQ +30.99% and earnings growth YoY +2.64%.
Profitability & cash flow: Trailing net income shows a small negative net result in the provided annual data set, return on assets -0.023% and return on equity -0.216% both reflect compression versus typical regional bank norms; operating cash flow reads negative and free cash flow equals -$8,767,000, producing a free-cash-flow yield of -1.41% and free-cash-to-net-income ratio of 359.45%—these items indicate irregular cash conversion despite recent quarterly earnings improvement.
Growth and efficiency: Revenue trends show QoQ revenue growth -3.92% and revenue growth YoY -3.79%; asset growth rate shows -2.94%. Asset-turnover equals 0.755% with quarter-over-quarter improvement of +14.39% and year-over-year improvement of +13.02%, indicating marginally better revenue extraction from the asset base despite shrinkage.
Capital structure and liquidity: Total assets $10,497,203,000 with tangible book value per share around $37.26; debt-to-equity 0.0987 and debt-to-assets 0.01064 show low leverage relative to many peers. Cash balance $695,693,000 and an end-period cash flow matching that level reflect ample liquidity on the balance sheet.
Valuation context: Price-to-book at 0.55 stands below the industry peer mean and median (industry peer mean ≈ 1.2636, median ≈ 1.2048), while P/E at 81.70 sits above the industry peer high of ≈ 77.08; forward P/E near 29.76 appears cheaper than trailing P/E but the trailing multiple remains elevated. Free-cash-flow yield and negative operating cash flow contrast with the low price-to-book, creating valuation tension.
WMDST valuation: The current valuation as determined by WMDST rates the stock over‑valued, reflecting the combination of an elevated trailing P/E, negative cash-flow conversion metrics, and governance-driven execution risk despite a strong tangible book value.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-04-22 |
| NEXT REPORT DATE: | 2026-07-22 |
| CASH FLOW | Begin Period Cash Flow | $ 850.8 M |
| Operating Cash Flow | $ -5.92 M | |
| Capital Expenditures | $ -2.85 M | |
| Change In Working Capital | $ 37.0 M | |
| Dividends Paid | $ -308.00 K | |
| Cash Flow Delta | $ -155.07 M | |
| End Period Cash Flow | $ 695.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 80.5 M | |
| Forward Revenue | $ -162.19 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 636.0 K | |
| Depreciation and Amortization | $ 636.0 K | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 149.5 M | |
| Interest Expense | $ 81.2 M | |
| Net Interest Income | $ 68.3 M | |
| Income Before Tax | $ -5.01 M | |
| Tax Provision | $ -2.57 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ -2.44 M | |
| Net Income From Continuing Operations | $ -2.44 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.29 | |
| EPS Actual | $ 0.48 | |
| EPS Difference | $ 0.19 | |
| EPS Surprise | 65.517 % | |
| Forward EPS | $ 0.65 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.5 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 1.1 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 695.7 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 111.7 M | |
| Total Liabilities | $ 9.4 B | |
| EQUITY | ||
| Total Equity | $ 1.1 B | |
| Retained Earnings | $ 837.6 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 37.26 | |
| Shares Outstanding | 30.360 M | |
| Revenue Per-Share | $ 2.65 | |
| VALUATION | Market Capitalization | $ 620.1 M |
| Enterprise Value | $ 731.8 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 9.091 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.279 | |
| Asset To Liability | 1.121 | |
| Debt To Capital | 0.09 | |
| Debt To Assets | 0.011 | |
| Debt To Assets QoQ | 2.209 % | |
| Debt To Assets YoY | -75.835 % | |
| Debt To Assets IPRWA | high: 0.157 median: 0.058 mean: 0.054 EGBN: 0.011 low: -0.0 |
|
| Debt To Equity | 0.099 | |
| Debt To Equity QoQ | -1.526 % | |
| Debt To Equity YoY | -75.298 % | |
| Debt To Equity IPRWA | high: 1.415 mean: 0.478 median: 0.466 EGBN: 0.099 low: -0.368 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.548 | |
| Price To Book QoQ | 2.494 % | |
| Price To Book YoY | -13.864 % | |
| Price To Book IPRWA | high: 2.039 mean: 1.264 median: 1.205 EGBN: 0.548 low: 0.274 |
|
| Price To Earnings (P/E) | 81.704 | |
| Price To Earnings QoQ | -1016.688 % | |
| Price To Earnings YoY | 58.129 % | |
| Price To Earnings IPRWA | EGBN: 81.704 high: 77.079 mean: 43.922 median: 43.694 low: 30.108 |
|
| PE/G Ratio | -0.734 | |
| Price To Sales (P/S) | 7.704 | |
| Price To Sales QoQ | -9.411 % | |
| Price To Sales YoY | -26.086 % | |
| Price To Sales IPRWA | high: 22.493 mean: 13.152 median: 12.523 EGBN: 7.704 low: 0.123 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 29.757 | |
| Forward PE/G | -0.267 | |
| Forward P/S | -3.74 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.008 | |
| Asset Turnover Ratio QoQ | 14.394 % | |
| Asset Turnover Ratio YoY | 13.024 % | |
| Asset Turnover Ratio IPRWA | high: 0.015 mean: 0.01 median: 0.01 EGBN: 0.008 low: 0.006 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 60.196 median: 41.039 mean: 36.445 low: 12.01 EGBN: 0 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.035 | |
| CapEx To Depreciation | -4.483 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.2 B | |
| Net Invested Capital | $ 1.2 B | |
| Invested Capital | $ 1.2 B | |
| Net Tangible Assets | $ 1.1 B | |
| 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 | 57.213 % | |
| 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 | -7.919 | |
| Dividend Payout Ratio | -0.126 | |
| Dividend Rate | $ 0.01 | |
| Dividend Yield | 0.0 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -2.943 % | |
| Revenue Growth | 13.928 % | |
| Revenue Growth QoQ | -392.237 % | |
| Revenue Growth YoY | -379.062 % | |
| Revenue Growth IPRWA | high: 23.369 % EGBN: 13.928 % mean: 3.419 % median: 3.159 % low: -10.947 % |
|
| Earnings Growth | -111.261 % | |
| Earnings Growth QoQ | 3098.994 % | |
| Earnings Growth YoY | 264.122 % | |
| Earnings Growth IPRWA | high: 44.444 % mean: 3.337 % median: 3.191 % low: -25.0 % EGBN: -111.261 % |
|
| 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) | $ -8.77 M | |
| Free Cash Flow Yield | -1.414 % | |
| Free Cash Flow Yield QoQ | -153.683 % | |
| Free Cash Flow Yield YoY | -210.902 % | |
| Free Cash Flow Yield IPRWA | high: 7.476 % median: 2.306 % mean: 2.2 % EGBN: -1.414 % low: -3.012 % |
|
| Free Cash Growth | -155.386 % | |
| Free Cash Growth QoQ | 0.941 % | |
| Free Cash Growth YoY | 89.357 % | |
| Free Cash Growth IPRWA | high: 176.765 % mean: -2.702 % median: -9.484 % EGBN: -155.386 % low: -234.402 % |
|
| Free Cash To Net Income | 3.595 | |
| Cash Flow Margin | -2.24 % | |
| Cash Flow To Earnings | 0.739 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.10 | |
| Return On Assets (ROA) | -0.023 % | |
| Return On Assets QoQ | -96.349 % | |
| Return On Assets YoY | -116.912 % | |
| Return On Assets IPRWA | high: 0.645 % median: 0.311 % mean: 0.31 % low: 0.027 % EGBN: -0.023 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | -0.002 | |
| Return On Equity QoQ | -96.405 % | |
| Return On Equity YoY | -117.322 % | |
| Return On Equity IPRWA | high: 0.047 mean: 0.028 median: 0.028 low: 0.003 EGBN: -0.002 |
|
| DuPont ROE | -0.216 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |