Critical Survey: Poage Bankshares (PBSK) & Waterstone Financial (WSBF)

Poage Bankshares (NASDAQ:PBSK) and Waterstone Financial (NASDAQ:WSBF) are both small-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their risk, analyst recommendations, dividends, profitability, valuation, institutional ownership and earnings.

Earnings & Valuation

This table compares Poage Bankshares and Waterstone Financial’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Poage Bankshares $21.68 million 0.00 -$2.86 million N/A N/A
Waterstone Financial $191.90 million 2.47 $30.75 million N/A N/A

Waterstone Financial has higher revenue and earnings than Poage Bankshares.

Volatility and Risk

Poage Bankshares has a beta of 0.24, indicating that its stock price is 76% less volatile than the S&P 500. Comparatively, Waterstone Financial has a beta of 0.05, indicating that its stock price is 95% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of current ratings and target prices for Poage Bankshares and Waterstone Financial, as reported by

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Poage Bankshares 0 0 0 0 N/A
Waterstone Financial 1 0 0 0 1.00

Waterstone Financial has a consensus target price of $12.75, suggesting a potential downside of 22.59%.


This table compares Poage Bankshares and Waterstone Financial’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Poage Bankshares -11.01% -3.99% -0.55%
Waterstone Financial 16.03% 7.65% 1.64%

Institutional & Insider Ownership

32.0% of Poage Bankshares shares are held by institutional investors. Comparatively, 58.1% of Waterstone Financial shares are held by institutional investors. 12.0% of Poage Bankshares shares are held by insiders. Comparatively, 12.0% of Waterstone Financial shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.


Poage Bankshares pays an annual dividend of $0.24 per share. Waterstone Financial pays an annual dividend of $0.48 per share and has a dividend yield of 2.9%.


Waterstone Financial beats Poage Bankshares on 7 of the 9 factors compared between the two stocks.

About Poage Bankshares

Poage Bankshares, Inc. operates as a savings and loan holding company for Town Square Bank that provides financial services to individuals, families, and businesses. The company accepts various deposit products, including savings accounts, NOW and demand accounts, business checking accounts, certificates of deposits, money market accounts, and retirement accounts. It also offers one-to-four family residential mortgage loans; commercial and multi-family real estate loans; commercial and industrial loans; consumer loans comprising new and used automobile and truck loans, recreational vehicle loans, and personal loans; home equity loans and lines of credit; commercial business loans; and construction and land loans. In addition, Poage Bankshares, Inc. purchases investment securities comprising mortgage-backed securities. Further, the company operates automated teller machines; and offers debit cards, and online and mobile banking services. It operates nine offices in northeastern Kentucky; and a loan production office in Cincinnati, Ohio. The company was founded in 1889 and is headquartered in Ashland, Kentucky.

About Waterstone Financial

Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates through two segments, Community Banking and Mortgage Banking. The Community Banking segment provides consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, and money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposit, and individual retirement accounts, as well as certificates of deposit; lending solutions consisting of residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; and fixed and variable annuities, and insurance products, as well as trust and investment management accounts. The Mortgage Banking segment offers residential mortgage loans for the purpose of sale in the secondary market. The company also provides transaction deposit, demand deposit, and non-interest bearing demand accounts, as well as time deposits; construction and land loans; and term loans for working capital, inventory, and general corporate use. In addition, it invests in a portfolio of securities, which include mortgage-backed securities, government-sponsored enterprise bonds, municipal obligations, and other debt securities. Waterstone Financial, Inc. operates 11 full-service banking offices, 1 drive-through office, and 11 automated teller machines located in Milwaukee, Washington, and Waukesha Counties, Wisconsin, as well as a loan production office in Minneapolis, Minnesota. The company was formerly known as Wauwatosa Holdings, Inc. and changed its name to Waterstone Financial, Inc. in August 2008. Waterstone Financial, Inc. was founded in 1921 and is based in Wauwatosa, Wisconsin.

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