Recent News
March 27, 2026: Company mailed its 2026 proxy and set the Annual Meeting for May 13, 2026. April–May 2026: Board declared a quarterly cash dividend payable May 10, 2026, and corporate communications on May 15 announced promotions, retirements and a new loan office in the franchise footprint.
Technical Analysis
Directional indicators show a strong trend: ADX registers 34.05, indicating a strong underlying trend. DI+ reads 29.72 with a dip-and-reversal pattern, a bullish directional signal; DI– sits at 13.25 with a peak-and-reversal, which also reads as bullish. Together these directional signals favor near-term upside pressure that aligns with the momentum picture.
MACD sits at 0.59 beneath its signal line at 0.69, but the MACD trend shows a dip-and-reversal, signaling bullish momentum development even before a confirmed crossover; watch for a breakout above the signal line as an acceleration marker for the near-term move.
MRO equals 26.0 and shows a dip-and-reversal. That positive MRO indicates the market price sits above the model target and introduces mean-reversion pressure; however, the dip-and-reversal suggests that momentum may keep price elevated in the near term before any reversion.
RSI at 60.76 with a dip-and-reversal character denotes moderate strength without overbought exhaustion, leaving room to extend gains while remaining conditionally vulnerable to intraday mean reversion.
Price action trades above short-, medium- and long-term averages: close $49.48 versus 20‑day avg $48.41, 50‑day avg $46.73 and 200‑day avg $41.12, with the 12‑day EMA recently showing a dip-and-reversal. The stock sits marginally above the 1x Bollinger upper band ($49.33), a high-volume move (volume 120,715 vs 10‑day avg 43,289) that signals conviction behind the advance; SuperTrend lower support sits near $46.91.
Volatility and beta remain low: 42‑day beta ≈ –0.07 and 52‑week beta 0.35, consistent with muted absolute swings even as momentum improves; traders should expect range-contained moves with episodic breakouts rather than sustained high-volatility trending behavior.
Fundamental Analysis
Profitability and cash generation: Q1 net income equals $4.297M and net interest income totals $14.8M, with total revenue $18.176M; free cash flow equals $6.803M and free cash converted to net income at 158.3%, supporting operating cash quality. Cash on hand registers $125.327M, representing roughly 60% of the market capitalization of $208.201M, reinforcing a strong liquidity cushion.
Capital structure and leverage: debt-to-assets measures 3.15% and debt-to-equity 30.89%, both well below the industry peer mean values provided, indicating conservative leverage and a capital base that favors stability rather than aggressive balance‑sheet risk.
Valuation multiples and peer context: price-to-book stands at 1.22x, above the industry peer mean of 1.0935 and median of 0.99135 but well inside the industry peer range; price-to-sales measures 11.45x, marginally above the industry peer mean of 11.3325. Asset turnover at 0.01115 slightly exceeds the industry peer mean of 0.01004, signaling marginally higher revenue generation per asset dollar than peers.
Margins and returns: return on assets equals 0.264% (ROA) and return on equity equals 2.509% (ROE). ROA rose about 5.18% QoQ but declined roughly 9.59% YoY; ROE increased about 8.01% QoQ and fell about 11.34% YoY. Revenue shows contraction readings: revenue growth YoY −26.64% and QoQ −85.25% per the provided metrics; those top-line moves compress margin levers even as interest income remains the primary revenue driver.
Dividends and shareholder distributions: dividend rate $0.2301 and the dividend payout ratio near 25.23% yield a dividend of about 0.52%; dividend coverage sits near 3.96x, indicating coverage from reported earnings and cash flow.
WMDST valuation view: The current valuation as determined by WMDST rates the stock fair-valued. The firm’s strong cash position, conservative leverage and positive free‑cash conversion mitigate the impact of compressed revenue growth and modest profitability, producing a balanced valuation outcome.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-07-23 |
| NEXT REPORT DATE: | 2026-10-22 |
| CASH FLOW | Begin Period Cash Flow | $ 45.9 M |
| Operating Cash Flow | — | |
| Capital Expenditures | $ -387.00 K | |
| Change In Working Capital | $ 2.9 M | |
| Dividends Paid | $ -1.08 M | |
| Cash Flow Delta | $ 79.4 M | |
| End Period Cash Flow | $ 125.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 18.2 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 | $ 22.4 M | |
| Interest Expense | $ 7.6 M | |
| Net Interest Income | $ 14.8 M | |
| Income Before Tax | $ 5.3 M | |
| Tax Provision | $ 956.0 K | |
| Tax Rate | 18.199 % | |
| Net Income | $ 4.3 M | |
| Net Income From Continuing Operations | $ 4.3 M | |
| EARNINGS | ||
| EPS Estimate | — | |
| EPS Actual | — | |
| EPS Difference | — | |
| EPS Surprise | — | |
| Forward EPS | — | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.7 B | |
| Intangible Assets | $ 7.3 M | |
| Net Tangible Assets | $ 164.0 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 125.3 M | |
| Net Receivables | $ 5.5 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 52.9 M | |
| Total Liabilities | $ 1.5 B | |
| EQUITY | ||
| Total Equity | $ 171.3 M | |
| Retained Earnings | $ 136.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 36.36 | |
| Shares Outstanding | 4.711 M | |
| Revenue Per-Share | $ 3.86 | |
| VALUATION | Market Capitalization | $ 208.2 M |
| Enterprise Value | $ 261.1 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 14.365 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.794 | |
| Asset To Liability | 1.114 | |
| Debt To Capital | 0.236 | |
| Debt To Assets | 0.032 | |
| Debt To Assets QoQ | -8.02 % | |
| Debt To Assets YoY | -0.41 % | |
| Debt To Assets IPRWA | high: 0.311 median: 0.101 mean: 0.098 OVBC: 0.032 low: 0.008 |
|
| Debt To Equity | 0.309 | |
| Debt To Equity QoQ | -3.1 % | |
| Debt To Equity YoY | 0.37 % | |
| Debt To Equity IPRWA | high: 2.929 mean: 0.838 median: 0.344 OVBC: 0.309 low: 0.07 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.216 | |
| Price To Book QoQ | 6.2 % | |
| Price To Book YoY | 25.424 % | |
| Price To Book IPRWA | high: 2.091 OVBC: 1.216 mean: 1.093 median: 0.991 low: 0.488 |
|
| 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) | 11.455 | |
| Price To Sales QoQ | -4.771 % | |
| Price To Sales YoY | 27.411 % | |
| Price To Sales IPRWA | high: 27.157 OVBC: 11.455 mean: 11.332 median: 11.008 low: 2.493 |
|
| 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 | 8.463 % | |
| Asset Turnover Ratio YoY | 0.18 % | |
| Asset Turnover Ratio IPRWA | high: 0.017 OVBC: 0.011 mean: 0.01 median: 0.01 low: 0.001 |
|
| Receivables Turnover | 3.301 | |
| Receivables Turnover Ratio QoQ | 11.926 % | |
| Receivables Turnover Ratio YoY | -5.624 % | |
| Receivables Turnover Ratio IPRWA | high: 3.934 OVBC: 3.301 median: 2.178 mean: 2.1 low: 0.48 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 27.64 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.021 | |
| CapEx To Depreciation | 0.0 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 223.3 M | |
| Net Invested Capital | $ 223.3 M | |
| Invested Capital | $ 223.3 M | |
| Net Tangible Assets | $ 164.0 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 | 11.77 % | |
| 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 | 3.964 | |
| Dividend Payout Ratio | 0.252 | |
| Dividend Rate | $ 0.23 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.993 % | |
| Revenue Growth | -0.881 % | |
| Revenue Growth QoQ | -85.245 % | |
| Revenue Growth YoY | -26.644 % | |
| Revenue Growth IPRWA | high: 17.724 % mean: 0.996 % median: 0.677 % OVBC: -0.881 % low: -18.037 % |
|
| 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) | $ 6.8 M | |
| Free Cash Flow Yield | 3.268 % | |
| Free Cash Flow Yield QoQ | -15.86 % | |
| Free Cash Flow Yield YoY | 3491.209 % | |
| Free Cash Flow Yield IPRWA | high: 11.345 % median: 3.439 % OVBC: 3.268 % mean: 3.153 % low: -3.242 % |
|
| Free Cash Growth | -10.12 % | |
| Free Cash Growth QoQ | -119.375 % | |
| Free Cash Growth YoY | -89.188 % | |
| Free Cash Growth IPRWA | high: 223.01 % OVBC: -10.12 % median: -45.338 % mean: -80.514 % low: -365.339 % |
|
| Free Cash To Net Income | 1.583 | |
| Cash Flow Margin | 0.0 % | |
| Cash Flow To Earnings | 0.0 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.05 | |
| Return On Assets (ROA) | 0.264 % | |
| Return On Assets QoQ | 5.179 % | |
| Return On Assets YoY | -9.589 % | |
| Return On Assets IPRWA | high: 0.624 % mean: 0.27 % OVBC: 0.264 % median: 0.252 % low: -0.155 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.025 | |
| Return On Equity QoQ | 8.007 % | |
| Return On Equity YoY | -11.343 % | |
| Return On Equity IPRWA | high: 0.045 OVBC: 0.025 median: 0.024 mean: 0.019 low: -0.037 |
|
| DuPont ROE | 2.516 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |