DekaBank Deutsche Girozentrale acquired a new equity position in Waterstone Financial, Inc. (NASDAQ: WSBF – Get a rating) in the first trimester, Participation channel reports. The company acquired 10,974 shares of the savings and loan company, valued at approximately $214,000.
Other institutional investors also changed their stake in the company. Hennion & Walsh Asset Management Inc. bought a new position in Waterstone Financial during Q1 worth $298,000. Summit Global Investments increased its position in shares of Waterstone Financial by 24.0% in the fourth quarter. Summit Global Investments now owns 22,700 shares of the savings and loan company valued at $496,000 after acquiring an additional 4,400 shares during the period. Dean Capital Management increased its stake in Waterstone Financial by 4.8% in the 4th quarter. Dean Capital Management now owns 90,637 shares of the savings and loan company worth $1,981,000 after acquiring 4,121 additional shares in the last quarter. Alberta Investment Management Corp bought a new stake in Waterstone Financial during Q4, valued at approximately $1,062,000. Finally, Alphasimplex Group LLC acquired a new position in shares of Waterstone Financial in the fourth quarter valued at approximately $398,000. 67.48% of the shares are currently held by institutional investors.
Wall Street analysts predict growth
Separately, StockNews.com upgraded Waterstone Financial shares from a “sell” to a “hold” rating in a Wednesday May 18 research report.
Waterstone Financial price performance
NASDAQ: WSBF opened at $18.13 on Monday. The company’s fifty-day moving average is $17.01 and its two-hundred-day moving average is $18.44. The company has a market capitalization of $438.69 million, a price-earnings ratio of 9.49 and a beta of 0.41. Waterstone Financial, Inc. has a one-year low of $15.70 and a one-year high of $22.74. The company has a debt ratio of 0.79, a quick ratio of 1.21 and a current ratio of 1.34.
Waterstone Financial (NASDAQ: WSBF – Get a rating) last reported results on Thursday, July 21. The savings and loan company reported EPS of $0.36 for the quarter, missing the consensus estimate of $0.37 per ($0.01). Waterstone Financial had a return on equity of 10.45% and a net margin of 20.24%. Research analysts expect Waterstone Financial, Inc. to post EPS of 1.18 for the current year.
Waterstone Financial announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 2. Shareholders of record on Monday, July 11 will receive a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 4.41%. The ex-date of this dividend is Friday, July 8. Waterstone Financial’s dividend payout ratio (DPR) is currently 41.88%.
About Waterstone Financial
Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB which provides various financial services to customers in Southeast Wisconsin, USA. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers personal and corporate banking products and services, such as deposit and transaction solutions, including checking accounts, online banking and bill payment services, money transfer services , as well as credit, debit and prepaid cards; investable fund solutions including savings, money market deposits, individual retirement accounts and certificates of deposit; 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, insurance products, and trust and investment management accounts.
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