Waterstone Financial (NASDAQ:WSBF) Releases Earnings Results

Waterstone Financial (NASDAQ:WSBF) announced its earnings results on Thursday. The savings and loans company reported $0.45 earnings per share for the quarter, Zacks reports. Waterstone Financial had a net margin of 10.47% and a return on equity of 6.07%.

Waterstone Financial Price Performance

Shares of NASDAQ WSBF opened at $14.81 on Friday. Waterstone Financial has a 1 year low of $11.61 and a 1 year high of $16.86. The stock has a market cap of $276.64 million, a P/E ratio of 12.99 and a beta of 0.77. The firm has a 50-day moving average of $14.98 and a 200 day moving average of $13.75.

Waterstone Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 8th. Waterstone Financial’s dividend payout ratio (DPR) is 52.63%.

Insider Transactions at Waterstone Financial

In related news, Director Michael L. Hansen sold 109,527 shares of Waterstone Financial stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $14.05, for a total transaction of $1,538,854.35. Following the completion of the transaction, the director directly owned 1,541 shares of the company’s stock, valued at $21,651.05. This trade represents a 98.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 147,574 shares of company stock worth $2,068,138. Company insiders own 7.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in Waterstone Financial by 557.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company’s stock worth $26,000 after buying an additional 1,590 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Waterstone Financial in the second quarter worth about $28,000. Gamco Investors INC. ET AL purchased a new position in Waterstone Financial in the second quarter worth about $138,000. Jane Street Group LLC raised its holdings in Waterstone Financial by 29.8% in the first quarter. Jane Street Group LLC now owns 25,843 shares of the savings and loans company’s stock worth $348,000 after buying an additional 5,928 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Waterstone Financial by 6.7% in the second quarter. Rhumbline Advisers now owns 26,848 shares of the savings and loans company’s stock worth $371,000 after buying an additional 1,676 shares during the last quarter. 62.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waterstone Financial in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Waterstone Financial has an average rating of “Hold”.

Waterstone Financial 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 in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising 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.