Recent News
On April 21, 2026 the company renewed its share repurchase program, authorizing up to $60 million per year for two years. On April 16, 2026 the board declared a quarterly cash dividend with an ex-dividend window in late June and recent payment on April 8, 2026. On May 19, 2026 the company published a merger presentation detailing plans to acquire PSB Holdings, Inc., including integration timing and projected operational impacts.
Technical Analysis
ADX at 13.52 indicates no established trend, which supports the introduction’s characterization of near-term consolidation rather than sustained directional movement.
DI+ and DI- show opposing reversals: DI+ (17.81) exhibits a dip-and-reversal, which reads as bullish, while DI- (18.46) shows a peak-and-reversal, which also reads as bullish; together these suggest recent attempts at upward momentum without trend confirmation given the low ADX.
MACD sits at 0.03 with the signal at -0.24 and the MACD trend increasing; the MACD has crossed above its signal line, which represents a bullish momentum signal that could support short-term upside if sustained.
MRO reads 13.41 with a peak-and-reversal pattern; the positive MRO implies the price currently sits above the WMDST target and carries potential downward pressure that may cap rallies until momentum cools.
RSI at 49.68 with a dip-and-reversal indicates renewed upward pressure from oversold levels into neutral territory, consistent with a consolidating tape that retains upside bias if momentum indicators confirm continuation.
Price trades above its 20-, 50- and 200-day averages (price close $143.99 vs. 20-day $140.75, 50-day $142.15, 200-day $133.18), and sits near the upper Bollinger band (upper 1× std dev $143.27), which frames the current move as mean-reverting with limited short-term extension unless volatility expands.
Fundamental Analysis
Reported EPS for the quarter came in at $1.78 versus an estimate of $2.19, an EPS surprise of -18.72%, which reduces near-term earnings confidence and factors into the valuation gap. Forward EPS equals $3.0075, producing a forward P/E of 51.87.
Revenue growth registers 8.31% year-over-year and 6.35% quarter-over-quarter, showing continued top-line expansion following recent acquisitions and deposit growth. Net income totaled $19,988,000 for the period ending 2026-03-31, while net interest income stood at $53,216,000, supporting the revenue mix.
Return on equity equals 2.44% and return on assets equals 0.378%; both decreased on a year-over-year and quarter-over-quarter basis, indicating pressured profitability despite revenue gains. Asset growth runs at 34.69% year-over-year, driven by balance-sheet expansion associated with recent inorganic activity.
Leverage remains low for the group: debt-to-assets at 2.06% and debt-to-equity at 15.23%, both down QoQ, which preserves balance-sheet flexibility as integration proceeds.
Valuation metrics show elevated multiples relative to peers: the trailing P/E is 76.81 versus an industry peer mean of 47.30, and the price-to-book ratio is 1.87 versus an industry peer mean of 1.25 and near the industry peer high of 1.99. Price-to-sales and forward P/E also sit above peer averages. The current valuation as determined by WMDST classifies the stock as over-valued, reflecting higher multiples amid mixed profitability and integration risks.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-16 |
| NEXT REPORT DATE: | 2026-07-16 |
| CASH FLOW | Begin Period Cash Flow | $ 243.2 M |
| Operating Cash Flow | $ -11.65 M | |
| Capital Expenditures | $ -5.24 M | |
| Change In Working Capital | $ -25.57 M | |
| Dividends Paid | $ -5.61 M | |
| Cash Flow Delta | $ 155.4 M | |
| End Period Cash Flow | $ 398.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 62.9 M | |
| Forward Revenue | $ 26.6 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 724.0 K | |
| Depreciation and Amortization | $ 3.3 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 73.6 M | |
| Interest Expense | $ 20.4 M | |
| Net Interest Income | $ 53.2 M | |
| Income Before Tax | $ 24.7 M | |
| Tax Provision | $ 4.7 M | |
| Tax Rate | 19.1 % | |
| Net Income | $ 20.0 M | |
| Net Income From Continuing Operations | $ 20.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.19 | |
| EPS Actual | $ 1.78 | |
| EPS Difference | $ -0.41 | |
| EPS Surprise | -18.721 % | |
| Forward EPS | $ 3.01 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 6.1 B | |
| Intangible Assets | $ 309.4 M | |
| Net Tangible Assets | $ 510.5 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 398.6 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 124.8 M | |
| Total Liabilities | $ 5.2 B | |
| EQUITY | ||
| Total Equity | $ 819.9 M | |
| Retained Earnings | $ 431.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 73.05 | |
| Shares Outstanding | 11.222 M | |
| Revenue Per-Share | $ 5.61 | |
| VALUATION | Market Capitalization | $ 1.5 B |
| Enterprise Value | $ 1.7 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 26.364 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 7.403 | |
| Asset To Liability | 1.156 | |
| Debt To Capital | 0.132 | |
| Debt To Assets | 0.021 | |
| Debt To Assets QoQ | -24.012 % | |
| Debt To Assets YoY | -36.921 % | |
| Debt To Assets IPRWA | high: 0.145 median: 0.064 mean: 0.057 BFC: 0.021 low: -0.0 |
|
| Debt To Equity | 0.152 | |
| Debt To Equity QoQ | -19.616 % | |
| Debt To Equity YoY | -32.78 % | |
| Debt To Equity IPRWA | high: 1.682 median: 0.597 mean: 0.546 BFC: 0.152 low: -0.315 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.871 | |
| Price To Book QoQ | -3.461 % | |
| Price To Book YoY | 21.052 % | |
| Price To Book IPRWA | high: 1.989 BFC: 1.871 mean: 1.248 median: 1.216 low: 0.287 |
|
| Price To Earnings (P/E) | 76.809 | |
| Price To Earnings QoQ | 13.177 % | |
| Price To Earnings YoY | 39.077 % | |
| Price To Earnings IPRWA | BFC: 76.809 high: 68.649 mean: 47.304 median: 45.217 low: 28.296 |
|
| PE/G Ratio | -6.983 | |
| Price To Sales (P/S) | 24.38 | |
| Price To Sales QoQ | -12.768 % | |
| Price To Sales YoY | 2.011 % | |
| Price To Sales IPRWA | high: 26.503 BFC: 24.38 mean: 14.221 median: 13.162 low: 0.11 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 51.875 | |
| Forward PE/G | -4.716 | |
| Forward P/S | 66.645 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.012 | |
| Asset Turnover Ratio QoQ | 18.881 % | |
| Asset Turnover Ratio YoY | 27.682 % | |
| Asset Turnover Ratio IPRWA | high: 0.016 BFC: 0.012 mean: 0.01 median: 0.01 low: 0.005 |
|
| 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: 50.808 median: 41.219 mean: 37.974 low: 28.775 BFC: 0 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.083 | |
| CapEx To Depreciation | -7.239 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 944.7 M | |
| Net Invested Capital | $ 944.7 M | |
| Invested Capital | $ 944.7 M | |
| Net Tangible Assets | $ 510.5 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 | 13.374 % | |
| 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 | 3.562 | |
| Dividend Payout Ratio | 0.281 | |
| Dividend Rate | $ 0.50 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 34.685 % | |
| Revenue Growth | 40.925 % | |
| Revenue Growth QoQ | 634.74 % | |
| Revenue Growth YoY | 831.172 % | |
| Revenue Growth IPRWA | BFC: 40.925 % high: 29.228 % mean: 5.183 % median: 1.084 % low: -23.976 % |
|
| Earnings Growth | -11.0 % | |
| Earnings Growth QoQ | 425.31 % | |
| Earnings Growth YoY | -339.234 % | |
| Earnings Growth IPRWA | high: 41.86 % median: -2.198 % mean: -2.301 % BFC: -11.0 % low: -43.519 % |
|
| 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) | $ -16.89 M | |
| Free Cash Flow Yield | -1.101 % | |
| Free Cash Flow Yield QoQ | -152.23 % | |
| Free Cash Flow Yield YoY | -375.25 % | |
| Free Cash Flow Yield IPRWA | high: 9.54 % mean: 1.783 % median: 1.744 % BFC: -1.101 % low: -3.189 % |
|
| Free Cash Growth | -164.189 % | |
| Free Cash Growth QoQ | -247.962 % | |
| Free Cash Growth YoY | 92.344 % | |
| Free Cash Growth IPRWA | high: 299.762 % median: -50.617 % mean: -58.992 % BFC: -164.189 % low: -368.012 % |
|
| Free Cash To Net Income | -0.845 | |
| Cash Flow Margin | 36.998 % | |
| Cash Flow To Earnings | 1.165 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.05 | |
| Return On Assets (ROA) | 0.378 % | |
| Return On Assets QoQ | -8.252 % | |
| Return On Assets YoY | -6.667 % | |
| Return On Assets IPRWA | high: 0.612 % BFC: 0.378 % median: 0.255 % mean: 0.253 % low: 0.065 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.024 | |
| Return On Equity QoQ | -14.636 % | |
| Return On Equity YoY | -13.331 % | |
| Return On Equity IPRWA | high: 0.043 BFC: 0.024 median: 0.023 mean: 0.022 low: 0.001 |
|
| DuPont ROE | 2.731 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |