Bay Commercial Bank (BCML) vs Waterstone Financial, Inc. (WSBF)

Bay Commercial Bank and Waterstone Financial, Inc. are both Banks Regional companies. Bay Commercial Bank and Waterstone Financial, Inc. are of similar size ($357.2M and $338.1M). Waterstone Financial, Inc. trades at the lower P/E: 11.5× against 26.0×. Waterstone Financial, Inc. grew revenue faster over the last twelve months: 4.47% against 2.01%. Waterstone Financial, Inc. has the higher net margin (14.6% vs 9.20%) and the higher return on invested capital (7.61% vs 6.59%). Both pay a dividend; Bay Commercial Bank yields more (3.85% vs 3.32%). Across the 19 metrics below, Waterstone Financial, Inc. leads on 14 and Bay Commercial Bank on 5.

Valuation

Metric BCML WSBF Banks Regional median
P/E 25.96 11.50 11.98
P/S 2.39 1.65 2.34
P/B 1.01 0.97 1.19
Price to free cash flow 12.80 7.03 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.85% 8.70% 8.23%
Free cash flow yield 7.81% 14.22% 9.08%

Profitability

Metric BCML WSBF Banks Regional median
Gross margin 72.76% 72.71% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 9.20% 14.58% 18.66%
Free cash flow margin 18.66% 20.71% 21.11%
Return on equity 3.93% 8.69% 10.65%
Return on assets 0.50% 1.33% 1.13%
Return on invested capital 6.59% 7.61% 8.35%

Growth

Metric BCML WSBF Banks Regional median
Revenue growth (TTM) 2.01% 4.47% 6.98%
EPS growth (last fiscal year) 3.81% 46.53% 18.88%
Revenue growth, 5-year CAGR 8.07% (9.00%) 12.38%
Net income growth, 5-year CAGR 11.76% (20.11%) 9.71%

Health

Metric BCML WSBF Banks Regional median
Debt to equity 0.09 0.00 0.22
Current ratio 1.04 1.01 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BCML WSBF Banks Regional median
Dividend yield 3.85% 3.32% 2.57%
Payout ratio 1.00 0.38 0.30

Size

Metric BCML WSBF Banks Regional median
Market cap 338.09m 357.21m 913.33m

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