StockNews.com starts covering Waterstone Financial (NASDAQ:WSBF)

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Equity researchers at StockNews.com assumed hedging on the shares of Waterstone Financial (NASDAQ:WSBF – Get a rating) in a research report delivered Wednesday to clients and investors. The brokerage firm has placed a “sell” rating on the shares of the savings and loan company.

Performance of Waterstone Financial shares

NASDAQ:WSBF opened at $16.59 on Wednesday. Waterstone Financial has a 1-year low of $15.70 and a 1-year high of $22.74. The company’s fifty-day simple moving average is $17.39 and its 200-day simple moving average is $17.42. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt ratio of 0.73. The company has a market capitalization of $375.18 million, a PE ratio of 8.69 and a beta of 0.48.

Waterstone Financial (NASDAQ:WSBF – Get a rating) last reported results on Thursday, July 21. The savings and loan company reported earnings per share (EPS) of $0.36 for the quarter, missing analyst consensus estimates of $0.37 per ($0.01). Waterstone Financial posted a net margin of 20.24% and a return on equity of 10.71%. The company posted revenue of $45.32 million in the quarter, compared to analyst estimates of $46.70 million. On average, sell-side analysts expect Waterstone Financial to post 1.17 EPS for the current year.

Waterstone Financial Institutional Trading

A number of hedge funds have recently bought and sold shares of WSBF. Hennion & Walsh Asset Management Inc. acquired a new stake in Waterstone Financial in Q1 valued at $298,000. DekaBank Deutsche Girozentrale bought a new stake in Waterstone Financial in Q1 worth $214,000. Russell Investments Group Ltd. increased its stake in shares of Waterstone Financial by 89.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,887 shares of the savings and loan company worth $113,000 after acquiring 2,776 additional shares during the period. The Swiss National Bank increased its equity stake in Waterstone Financial by 6.6% during the 1st quarter. The Swiss National Bank now owns 50,100 shares in the savings and loan company worth $969,000 after acquiring an additional 3,100 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Waterstone Financial by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 192,692 shares of the savings and loan company worth $3,726,000 after acquiring 4,600 additional shares during the period. 58.60% of the shares are held by institutional investors.

About Waterstone Financial

(Get a rating)

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.

Further reading

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