Waterstone Financial Inc. (WSBF) is a well-established and recognized savings and loan holding company in the United States. The company is headquartered in Wauwatosa, Wisconsin, and operates primarily through its subsidiaries, which include WaterStone Bank SSB and Waterstone Mortgage Corporation.
WaterStone Bank SSB is one of the principal subsidiaries of Waterstone Financial Inc. It is a community-focused bank that provides a range of financial products and services primarily in Milwaukee and surrounding areas in Wisconsin. The bank offers services such as personal and business banking products and services like checking and savings accounts, loans, online banking, and safe deposit boxes. It has been dedicated to serving the local community since its inception in 1921 and has grown significantly, currently operating 12 branches in southeastern Wisconsin.
Simultaneously, Waterstone Mortgage Corporation, another key subsidiary, is a national mortgage lender that offers an array of mortgage services across multiple states. The company provides various products, including conventional loans, FHA loans, VA loans, and other refinancing options for families making major home purchases. Notably, the company has more than 700 employees working across over 60 offices in the United States.
Waterstone Financial, Inc. was incorporated in 1987 and has since been known for its commitment to delivering unparalleled customer service, maintaining a high degree of corporate governance, and executing strategic growth plans. As a public company, it trades on the NASDAQ Global Select Market under the ticker symbol ‘WSBF’.
Furthermore, Waterstone Financial, Inc., has an asset management department dedicated to purchasing, securitizing, selling, and servicing residential mortgage loans. Its subsidiary, Waterstone Investment Associates LLC, purchases mortgage loans and manages a pool of securitized loans.
The work of Waterstone Financial, Inc, has had to adapt to variations in the economy, new banking rules and regulations, and changes in customer behavior. Despite these hurdles, the company has demonstrated resilience and a strategic capacity to steer forward while maintaining a strong balance sheet and ensuring sound risk management.
By combining innovative solutions and fostering business growth, Waterstone Financial, Inc., continues to be a prominent player in the U.S. banking and mortgage lending industry. Alongside striving towards financial growth, Waterstone Financial, Inc., remains committed to maintaining its reputation for high-quality service to its customers and communities in which it operates.
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This article compares Waterstone Financial (WSBF) and Timberland Bancorp (TSBK), two community lenders, to determine which is a better investment. It analyzes their business models, stock performance, valuation, and factors driving their respective stocks. Ultimately, the article concludes that TSBK is the stronger buy due to its steady operating momentum, slightly cheaper valuation, and consistent earnings and shareholder returns.
Waterstone Financial (NASDAQ: WSBF) has declared a regular quarterly cash dividend of $0.17 per share. This dividend is payable on November 2, 2026, to shareholders of record as of October 8, 2026. The announcement was published on September 22, 2026, at 04:10 pm EDT.
Bank of New York Mellon Corp has acquired 90,564 shares of Waterstone Financial, Inc. (NASDAQ:WSBF) for approximately $1.88 million, representing about 0.5% of the company. Waterstone Financial recently reported quarterly earnings of $0.49 per share and revenue of $40.25 million, missing analyst expectations. Despite missing earnings, analysts maintain an overall "Buy" rating for WSBF, which offers a quarterly dividend of $0.17 per share.
Waterstone Financial, Inc. (WSBF) shares have surged 43% over the past year, outperforming its industry and peers due to wider banking spreads, stronger mortgage activity, and robust capital. The company is benefiting from increased net interest income, improved loan yields, and significant growth in mortgage originations and its loan portfolio. Despite some challenges like weaker mortgage-banking profitability and rising expenses, WSBF's strong fundamentals and undervalued stock price, compared to the industry average, suggest a lucrative opportunity for investors.
Empowered Funds LLC has acquired a new stake of 115,282 shares in Waterstone Financial, Inc. (NASDAQ:WSBF) during the second quarter, valued at approximately $2.39 million. This purchase represents about 0.64% of the company, with institutional investors now collectively owning 62.71% of WSBF. Despite missing analyst estimates for both earnings and revenue in its last quarterly report, Waterstone Financial maintains a quarterly dividend and analysts hold an average "Buy" rating on the stock.
Hsbc Holdings PLC recently acquired 49,490 shares of Waterstone Financial, Inc. (NASDAQ:WSBF) for approximately $1.02 million, representing a 0.28% stake in the company. Other institutional investors also increased their holdings in WSBF, with institutional ownership now standing at 62.71%. Despite missing consensus estimates for its latest quarterly earnings and revenue, Waterstone Financial maintains a "Buy" rating from analysts and offers a 3.3% dividend yield.
Donald Smith & CO. Inc. has acquired a new position of 164,590 shares in Waterstone Financial, Inc. (NASDAQ:WSBF) valued at approximately $3.41 million. Other institutional investors like AQR Capital Management LLC and Empowered Funds LLC also increased their stakes in the company. Waterstone Financial currently holds a consensus "Buy" rating from analysts, despite missing its recent quarterly earnings estimates.
Ryan J Gordon, Executive Vice President and Chief Credit Officer of Waterstone Financial, Inc. (NASDAQ:WSBF), exercised a stock option for 10,000 shares on August 13, 2026, at an exercise price of $17.2 per share. On the same day, Gordon sold a total of 8,157 shares in three separate open-market transactions at prices ranging from $21.1 to $21.145. Following these transactions, his direct ownership totaled 11,611 shares, with additional indirect holdings through an ESOP and a Trust.