Shares of Waterstone Financial, Inc. (NASDAQ: WSBF – Get a rating) crossed below its 200-day moving average during Monday’s session. The stock has a 200-day moving average of $18.92 and is trading as low as $17.08. Waterstone Financial shares last traded at $17.48, with volume at 2,994 shares.
Separately, StockNews.com upgraded Waterstone Financial from a “sell” to a “hold” rating in a Wednesday, May 18 research report.
The company has a market capitalization of $422.96 million, a P/E ratio of 7.63 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. The company has a 50-day moving average price of $16.73 and a two-hundred-day moving average price of $18.92.
Waterstone Financial (NASDAQ: WSBF – Get a rating) last released its quarterly earnings data on Thursday, April 21. The savings and loans company reported EPS of $0.23 for the quarter, missing analyst consensus estimates of $0.30 per ($0.07). The company had revenue of $41.68 million in the quarter, versus a consensus estimate of $47.00 million. Waterstone Financial posted a net margin of 22.46% and a return on equity of 12.56%. As a group, sell-side analysts expect Waterstone Financial, Inc. to post EPS of 1.18 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 2. Investors of record on Monday, July 11 will receive a dividend of $0.20. The ex-date of this dividend is Friday, July 8. This represents a dividend of $0.80 on an annualized basis and a yield of 4.58%. Waterstone Financial’s dividend payout ratio is currently 34.93%.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in WSBF. Nisa Investment Advisors LLC increased its stake in Waterstone Financial by 307,400.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 12,300 shares of the savings and loan company valued at $251,000 after acquiring an additional 12,296 shares during the period. Summit Global Investments increased its stake in 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 fourth quarter. Dean Capital Management now owns 90,637 shares of the savings and loan company valued at $1,981,000 after acquiring 4,121 additional shares during the period. Alphasimplex Group LLC acquired a new position in shares of Waterstone Financial during the fourth quarter worth approximately $398,000. Finally, 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. Institutional investors and hedge funds hold 67.48% of the company’s shares.
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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