PCB Bancorp (PCB) vs Waterstone Financial, Inc. (WSBF)

PCB Bancorp and Waterstone Financial, Inc. are both Banks Regional companies. PCB Bancorp and Waterstone Financial, Inc. are of similar size ($386.8M and $365.3M). PCB Bancorp trades at the lower P/E: 9.6× against 11.8×. PCB Bancorp grew revenue faster over the last twelve months: 6.34% against 4.47%. PCB Bancorp has the higher net margin (19.4% vs 14.6%) and the higher return on invested capital (16.3% vs 7.61%). Both pay a dividend; Waterstone Financial, Inc. yields more (5.59% vs 4.79%). Across the 20 metrics below, PCB Bancorp leads on 11 and Waterstone Financial, Inc. on 9.

Valuation

Metric PCB WSBF Banks Regional median
P/E 9.56 11.79 12.15
P/S 1.84 1.69 2.37
P/B 1.18 0.99 1.21
Price to free cash flow 9.57 7.21 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.01 3.51 2.27
Earnings yield 10.47% 8.48% 8.11%
Free cash flow yield 10.45% 13.87% 8.98%

Profitability

Metric PCB WSBF Banks Regional median
Gross margin 56.62% 72.71% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.35% 14.58% 18.66%
Free cash flow margin 19.21% 20.71% 21.18%
Return on equity 12.89% 8.69% 10.64%
Return on assets 1.22% 1.33% 1.13%
Return on invested capital 16.25% 7.61% 8.33%

Growth

Metric PCB WSBF Banks Regional median
Revenue growth (TTM) 6.34% 4.47% 6.61%
EPS growth (last fiscal year) 48.28% 46.53% —
Revenue growth, 5-year CAGR 18.00% (9.00%) 12.30%
Net income growth, 5-year CAGR 17.91% (20.11%) 9.71%

Health

Metric PCB WSBF Banks Regional median
Debt to equity 0.22 0.00 0.22
Current ratio 1.07 1.01 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric PCB WSBF Banks Regional median
Dividend yield 4.79% 5.59% 3.75%
Payout ratio 0.28 1.67 0.27

Size

Metric PCB WSBF Banks Regional median
Market cap 386.79m 365.29m 921.07m

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