Wauwatosa (WSBF) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Wauwatosa (NASDAQ:WSBF) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, Sandler O’Neill set a $19.00 target price on Wauwatosa and gave the company a hold rating in a report on Wednesday, January 3rd.

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Wauwatosa (NASDAQ WSBF) opened at $17.35 on Friday. Wauwatosa has a fifty-two week low of $16.60 and a fifty-two week high of $20.40. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $517.74, a P/E ratio of 18.66 and a beta of 0.13.

Wauwatosa (NASDAQ:WSBF) last posted its earnings results on Tuesday, January 30th. The savings and loans company reported $0.21 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.21. Wauwatosa had a return on equity of 6.97% and a net margin of 13.56%. The company had revenue of $41.51 million for the quarter.

The business also recently announced a special dividend, which will be paid on Monday, April 2nd. Stockholders of record on Saturday, March 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a dividend yield of 2.76%. Wauwatosa’s dividend payout ratio is presently 51.61%.

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of Wauwatosa by 1.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,400,174 shares of the savings and loans company’s stock valued at $40,923,000 after purchasing an additional 36,700 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Wauwatosa by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,691,782 shares of the savings and loans company’s stock valued at $32,990,000 after purchasing an additional 75,395 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Wauwatosa by 1.2% in the fourth quarter. BlackRock Inc. now owns 1,542,871 shares of the savings and loans company’s stock valued at $26,307,000 after purchasing an additional 19,029 shares in the last quarter. State Street Corp lifted its holdings in shares of Wauwatosa by 2.9% in the second quarter. State Street Corp now owns 624,097 shares of the savings and loans company’s stock valued at $11,760,000 after purchasing an additional 17,847 shares in the last quarter. Finally, Cortina Asset Management LLC increased its position in shares of Wauwatosa by 0.9% during the third quarter. Cortina Asset Management LLC now owns 320,391 shares of the savings and loans company’s stock valued at $6,248,000 after acquiring an additional 2,809 shares during the last quarter. Institutional investors own 59.10% of the company’s stock.

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Wauwatosa Company Profile

Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates through two segments, Community Banking and Mortgage Banking. The Community Banking segment provides consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, and money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposit, and individual retirement accounts, as well as certificates of deposit; lending solutions consisting of 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, and insurance products, as well as trust and investment management accounts.

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