Waterstone Financial (NASDAQ: WSBF – Get a rating) released its quarterly results on Thursday. The savings and loan company reported earnings per share of $0.23 for the quarter, missing Thomson Reuters consensus estimate of $0.30 per ($0.07), MarketWatch Earnings reports. Waterstone Financial had a return on equity of 16.30% and a net margin of 25.92%.
Shares of Waterstone Financial Action traded at $0.74 on Friday, reaching $18.21. The company’s shares had a trading volume of 8,175 shares, compared to an average volume of 97,806. The company has a market capitalization of $440.63 million, a P/E ratio of 6.42 and a beta of 0.33. Waterstone Financial has a 52-week low of $18.32 and a 52-week high of $22.74. The stock has a 50-day moving average price of $19.33 and a 200-day moving average price of $20.50. The company has a quick ratio of 1.27, a current ratio of 1.52 and a debt ratio of 1.10.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 3. Investors of record on Monday, April 11 will receive a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a yield of 4.39%. The ex-dividend date is Friday, April 8. Waterstone Financial’s dividend payout ratio is currently 27.12%.
A number of analysts have recently released WSBF stock reports. Zacks Investment Research upgraded Waterstone Financial from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a Thursday, March 31 research report. StockNews.com launched coverage on Waterstone Financial in a research note on Thursday, March 31. They issued a “holding” rating on the stock.
Separately, director Michael L. Hansen sold 12,500 shares of the company in a transaction that took place on Monday, March 14. The stock was sold at an average price of $19.70, for a total transaction of $246,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. 11.90% of the shares are held by insiders.
Several institutional investors have recently changed their positions in WSBF. Goldman Sachs Group Inc. increased its stake in Waterstone Financial by 13.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 121,246 shares of the savings and loan company worth $2,650,000 after purchasing an additional 14,513 shares during the period. Citadel Advisors LLC increased its position in Waterstone Financial by 8.4% in the fourth quarter. Citadel Advisors LLC now owns 111,646 shares of the savings and loan company worth $2,441,000 after acquiring 8,646 additional shares during the period. Invesco Ltd. increased its position in Waterstone Financial by 7.4% during the 4th quarter. Invesco Ltd. now owns 84,108 shares of the savings and loan company worth $1,839,000 after acquiring 5,807 additional shares during the period. Morgan Stanley increased its position in Waterstone Financial by 853.0% during the second quarter. Morgan Stanley now owns 56,449 shares of the savings and loan company worth $1,110,000 after acquiring an additional 50,526 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Waterstone Financial by 67.3% in the 4th quarter. JPMorgan Chase & Co. now owns 43,506 shares in the savings and loan company valued at $950,000 after purchasing an additional 17,498 shares during the period. 67.51% of the shares are currently held by institutional investors and hedge funds.
Waterstone Financial Company Profile (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.
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