Waterstone Financial, Inc. (NASDAQ:WSBF – Get Free Report) CFO Mark Raymond Gerke sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $18.34, for a total transaction of $183,400.00. Following the completion of the sale, the chief financial officer owned 30,034 shares in the company, valued at $550,823.56. This represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Waterstone Financial Stock Performance
NASDAQ WSBF opened at $18.33 on Friday. The stock has a market cap of $330.86 million, a P/E ratio of 11.04 and a beta of 0.74. The company’s 50-day simple moving average is $18.20 and its 200 day simple moving average is $17.37. Waterstone Financial, Inc. has a twelve month low of $12.49 and a twelve month high of $18.88. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 1.19.
Waterstone Financial (NASDAQ:WSBF – Get Free Report) last posted its earnings results on Thursday, April 23rd. The savings and loans company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.32). The business had revenue of $35.69 million during the quarter, compared to the consensus estimate of $65.80 million. Waterstone Financial had a net margin of 14.28% and a return on equity of 8.48%.
Waterstone Financial Increases Dividend
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Waterstone Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Waterstone Financial has a consensus rating of “Buy”.
Read Our Latest Report on Waterstone Financial
Institutional Trading of Waterstone Financial
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSBF. AQR Capital Management LLC grew its stake in Waterstone Financial by 16.7% during the first quarter. AQR Capital Management LLC now owns 45,595 shares of the savings and loans company’s stock worth $613,000 after buying an additional 6,512 shares during the last quarter. Empowered Funds LLC grew its stake in Waterstone Financial by 7.5% during the first quarter. Empowered Funds LLC now owns 83,591 shares of the savings and loans company’s stock worth $1,124,000 after buying an additional 5,818 shares during the last quarter. Jane Street Group LLC grew its stake in Waterstone Financial by 29.8% during 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. Geode Capital Management LLC grew its stake in Waterstone Financial by 1.0% during the second quarter. Geode Capital Management LLC now owns 406,749 shares of the savings and loans company’s stock worth $5,618,000 after buying an additional 4,108 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Waterstone Financial by 6.7% during 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. Institutional investors own 62.71% of the company’s stock.
About Waterstone Financial
Waterstone Financial, Inc is a bank holding company based in Glendale, Wisconsin, that provides a broad range of financial services to individuals, businesses and institutions. Its primary operations are conducted through its wholly owned subsidiary, Waterstone Bank, which offers deposit products, loan facilities and treasury management services. The company focuses on delivering relationship-based banking solutions tailored to the needs of small and medium-sized enterprises as well as retail customers.
In addition to traditional commercial and consumer banking, Waterstone Financial supports its clients with specialized financing, including real estate, equipment and asset-based lending.
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