Winchester Bancorp, Inc. Common Stock
- Open
- 13.00
- Day high
- 13.02
- Day low
- 12.94
- Prev close
- 12.98
- Volume
- 9K
- Mkt cap
- $120M
- P/E (TTM)
- 25.9
- EPS (TTM)
- $0.50
- P/B
- 1.0
- P/S
- 2.3
- Yield
- —
- Per share
- —
Winchester Bancorp, Inc. Common Stock (WSBK) is a Financial Services company listed on NASDAQ. The stock is up 37% over the past year.
Winchester Bancorp, Inc. Common Stock (WSBK) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
WSBK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | — | $0.13 | — | $14M | — |
| Apr 29, 2026 | — | $0.13 | — | $13M | — |
WSBK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 27, 2026 | Merritt Edward Jdirector | Buy | 915 | $12.76 |
| May 22, 2026 | Carroll John Adirector, officer: President & CEO | Buy | 50 | $12.75 |
| May 8, 2026 | Snow John Ingalls IIIdirector | Buy | 1,525 | $12.79 |
| May 8, 2026 | Snow John Ingalls IIIdirector | Buy | 200 | $12.77 |
| May 6, 2026 | Snow John Ingalls IIIdirector | Buy | 6,110 | $12.87 |
| May 5, 2026 | Boodakian Stephen Harrydirector | Buy | 2,500 | $12.93 |
| Jun 10, 2025 | Hood William Prestondirector | Buy | 1,050 | $9.21 |
Source: WSBK SEC Form 4 filings, latest May 27, 2026. For informational purposes only — not investment advice.
See the full WSBK insider & 13F page →Winchester Bancorp, Inc. Common Stock company profile
Overview
Winchester Bancorp, Inc. (NASDAQ:WSBK) is a Massachusetts-based bank holding company that operates through its subsidiary Winchester Savings Bank. Founded as a traditional community bank, the company went public in May 2025, making it one of the newer entrants to the public banking sector. Winchester Bancorp serves local communities in Massachusetts, focusing on traditional banking services for both individual consumers and small to medium-sized businesses in its market area.
Business
Winchester Bancorp operates in the community banking sector, which forms the backbone of local financial services across the United States. Community banks like Winchester serve as financial intermediaries, collecting deposits from local savers and lending those funds to borrowers in their geographic markets. The company's core business revolves around two primary activities. First, it operates as a deposit-taking institution, offering various account types including checking accounts (which allow customers to write checks and make electronic payments), savings accounts (which pay interest on deposited funds), money market accounts (higher-yield accounts with some restrictions), and certificates of deposit (time deposits that lock in interest rates for specific periods). These deposits provide the bank with a stable source of funding. Second, Winchester functions as a lending institution, using deposited funds to make various types of loans. The bank's lending portfolio includes residential real estate loans (mortgages for home purchases), commercial real estate loans (financing for business properties), construction loans (short-term financing for building projects), home equity loans and lines of credit (borrowing against home value), commercial business loans (working capital and equipment financing), and consumer loans (personal loans and auto financing). Additionally, Winchester engages in securities investment, where the bank purchases government bonds, municipal securities, and other investment-grade securities. This investment portfolio serves multiple purposes: it provides additional income, helps manage interest rate risk, and ensures the bank maintains adequate liquidity to meet regulatory requirements and customer demands.
Revenue model
Winchester Bancorp generates revenue through the traditional banking model known as net interest income, which represents the difference between what the bank earns on its loans and investments versus what it pays on deposits and borrowed funds. This spread typically ranges from 2-4% for community banks, depending on interest rate environments and competitive pressures. The bank's primary revenue stream comes from loan interest income. When Winchester makes a mortgage loan at 6% interest, for example, and funds that loan with deposits paying 2% interest, the bank earns a 4% spread. Commercial loans typically command higher interest rates than residential mortgages, while consumer loans often carry the highest rates but also higher default risks. Fee income provides a secondary revenue source, including account maintenance fees, overdraft fees, loan origination fees, and charges for various banking services. The securities investment portfolio generates additional income through interest and dividends on government and corporate bonds. Several factors significantly impact Winchester's profitability margins. Interest rate movements create the most substantial impact - when rates rise rapidly, the bank may face margin compression if deposit costs increase faster than loan yields can be repriced. Credit quality directly affects margins through loan loss provisions; economic downturns in Massachusetts could force higher reserves for potential defaults. Competition from larger banks, credit unions, and online lenders can pressure both deposit costs and loan pricing. Regulatory compliance costs represent a fixed expense that disproportionately impacts smaller banks. Finally, operational efficiency matters significantly, as community banks must maintain branch networks and staff while competing with more automated larger institutions.
Competitive moat
Winchester Bancorp operates in the highly competitive community banking sector, where traditional moats are relatively narrow and constantly under pressure. The company's primary competitive advantage lies in its local market knowledge and relationships. Community banks like Winchester can offer more personalized service and faster decision-making than large national banks, particularly valuable for small business lending where relationship banking still matters. However, this moat faces significant challenges. Digital disruption continues to erode the value of physical branch networks, as customers increasingly prefer online and mobile banking services. Large banks possess superior technology resources and can offer more competitive rates due to their scale advantages and lower cost of funds. Fintech competitors are capturing market share in consumer lending, payments, and even small business banking with more streamlined processes and competitive pricing. The company's regulatory burden as a public company adds costs without corresponding revenue benefits, potentially weakening its competitive position against larger institutions that can spread these costs across much larger asset bases. Winchester's small size (under $1 billion in assets) limits its ability to diversify geographically or by product line, making it vulnerable to local economic downturns. Interest rate sensitivity represents another vulnerability, as community banks typically have less sophisticated asset-liability management capabilities compared to larger institutions. The company's moat appears weak and potentially diminishing, requiring exceptional execution and possibly strategic consolidation to maintain long-term viability in an increasingly challenging competitive environment.
Risks & safety
Winchester Bancorp presents significant financial risks with limited margin of safety for investors. • Profitability concerns: Net income has been highly volatile, ranging from -$632,000 loss in Q1 2024 to $4.16 million profit in FY 2022, indicating unstable earnings generation • Liquidity position: Current ratio of 0.15 indicates potential liquidity stress, with current assets of $104.7 million against current liabilities of $704.9 million • High leverage: Debt-to-equity ratio of 1.62 shows significant leverage typical for banks but concerning given profitability volatility • Valuation metrics: Trading at 70.9x P/E ratio and 1.07x book value, suggesting expensive valuation relative to earnings power • Cash flow instability: Operating cash flow swung from -$334,000 to $848,000 across recent quarters, showing operational inconsistency • Regulatory capital: As a newly public bank, faces increased regulatory scrutiny and compliance costs that could pressure margins • Asset quality: Limited visibility into loan loss provisions and non-performing assets creates uncertainty about credit quality • Scale disadvantage: $923 million in total assets provides limited diversification and higher per-unit operating costs compared to larger banks
Recent development
Based on the available financial data, Winchester Bancorp appears to be navigating a challenging transition period as a newly public community bank. The company's recent performance shows significant volatility, with quarterly net income swinging from substantial losses to modest profits, suggesting ongoing operational challenges in the current interest rate environment. The bank's asset base has grown from $750.6 million in 2022 to $923.1 million by Q3 2024, representing a 23% increase over roughly two years. However, this growth has not translated into consistent profitability improvements. Revenue has remained relatively stable in the $10-11 million quarterly range, but the company experienced a notable loss in Q1 2024 before returning to profitability in subsequent quarters. Winchester's deposit base appears to have expanded significantly, with total liabilities growing from $673.6 million in 2022 to $842.2 million by Q3 2024. This growth likely reflects both organic deposit gathering and the challenges of managing funding costs in a rising interest rate environment. The company's investment securities portfolio has also expanded, suggesting a strategy to deploy excess liquidity while managing interest rate risk. The transition to public company status in May 2025 represents a significant strategic milestone, providing access to capital markets but also introducing additional regulatory compliance costs and reporting requirements that could pressure margins in the near term.
WSBK company profile · for informational purposes only — not investment advice.
Track WSBK with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free