Waterstone Financial, Inc.
WSBFFinancial Services · Stock · quarterly payer
Forward Yield
3.11%
Annual Dividend
$0.64
Payout Ratio
36%
5-Yr Growth
4.6%
Ex-Date
Jul 8, 2026
Frequency
Quarterly
Summary
As of July 2026, Waterstone Financial, Inc. (WSBF) yields 3.11% ($0.64 per share annually), with a blended fair-value estimate of $27.68 — +34% upside, so it screens as undervalued. Dividend safety grade: C (56/100).
Is WSBF a good dividend stock?
MixedWaterstone Financial, Inc. (WSBF) pays a quarterly dividend yielding 3.11% ($0.64/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (36%)
Risks
- Cut its dividend in 2024
Key Data
- Dividend Yield
- 3.11%
- Payout Ratio
- 36%
- Annual Dividend
- $0.64
- 5-Yr Avg Growth
- 4.6%
- Ex-Dividend Date
- Jul 8, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.71
- Market Cap
- $371.9M
- P/E Ratio
- 12.5
- 5-Yr Total Return
- 4%
- 52-Week Range
- $13.08 – $21.03
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
WSBF Price — Last 12 Months
Daily close
Price Return
1 Year
+55%
3 Years
+48%
5 Years
+4%
52-Week Range
$13.08 – $21.03
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WSBF worth?
Undervaluedlow confidenceOur blended fair-value estimate for Waterstone Financial, Inc. is $27.68 per share, versus a market price of $20.60. That implies 34% of upside — a margin of safety of about 26%.
Fair Value
$27.68
Current Price
$20.60
Upside
+34%
Margin of Safety
26%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.9% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $1.65 EPS, $0.64 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WSBF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 8, 2026 | — | $0.1700 | regular |
| Jan 8, 2026 | — | $0.1500 | regular |
| Oct 8, 2025 | — | $0.1500 | regular |
| Jul 8, 2025 | — | $0.1500 | regular |
| Apr 8, 2025 | — | $0.1500 | regular |
| Jan 8, 2025 | — | $0.1500 | regular |
| Oct 8, 2024 | — | $0.1500 | regular |
| Jul 8, 2024 | — | $0.1500 | regular |
| Apr 5, 2024 | — | $0.1500 | regular |
| Jan 5, 2024 | — | $0.1500 | regular |
| Oct 5, 2023 | — | $0.1500 | regular |
| Jul 7, 2023 | — | $0.2000 | regular |
| Apr 6, 2023 | — | $0.2000 | regular |
| Jan 6, 2023 | — | $0.2000 | regular |
Income Calculator
At $0.64 / yr per share
