Waterstone Financial, Inc. (NASDAQ: WSBF – Get a rating) the stock price broke below its 200-day moving average during Tuesday’s session. The stock has a 200-day moving average of $18.73 and is trading as low as $16.94. Waterstone Financial shares last traded at $17.10, with volume traded at 69,165 shares.
Separately, StockNews.com upgraded Waterstone Financial from a “sell” rating to a “hold” rating in a Wednesday, May 18 report.
The company has a fifty-day simple moving average of $16.83 and a 200-day simple moving average of $18.73. The company has a market capitalization of $413.82 million, a P/E ratio of 7.47 and a beta of 0.41. The company has a quick ratio of 1.21, a current ratio of 1.34 and a debt ratio of 0.79.
Waterstone Financial (NASDAQ: WSBF – Get a rating) last released its quarterly earnings data on Thursday, April 21. The savings and loan company reported earnings per share of $0.23 for the quarter, missing the consensus estimate of $0.30 per ($0.07). The company posted revenue of $41.68 million for the quarter, versus analyst estimates of $47.00 million. Waterstone Financial had a return on equity of 12.56% and a net margin of 22.46%. On average, sell-side analysts expect Waterstone Financial, Inc. to post 1.18 earnings per share for the current fiscal year.
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. The ex-date of this dividend is Friday, July 8. This represents an annualized dividend of $0.80 and a dividend yield of 4.68%. Waterstone Financial’s dividend payout ratio is currently 34.93%.
Several hedge funds have recently bought and sold shares of WSBF. UBS Asset Management Americas Inc. increased its position in shares of Waterstone Financial by 5.8% during the third quarter. UBS Asset Management Americas Inc. now owns 32,177 shares of the savings and loan company worth $659,000 after purchasing an additional 1,771 shares during the period. Foundry Partners LLC increased its position in shares of Waterstone Financial by 25.4% during the fourth quarter. Foundry Partners LLC now owns 252,435 shares of the savings and loan company worth $5,518,000 after purchasing an additional 51,065 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Waterstone Financial during the fourth quarter worth approximately $3,546,000. Nisa Investment Advisors LLC increased its position in shares of Waterstone Financial by 307,400.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,300 shares of the savings and loan company worth $251,000 after purchasing an additional 12,296 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in Waterstone Financial by 22.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 143,799 shares of the savings and loan company valued at $3,143,000 after purchasing an additional 26,500 shares in the last quarter. 67.48% of the shares are held by institutional investors.
Waterstone Financial Company Profile (NASDAQ: WSBF)
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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