Seidman Lawrence B boosted its stake in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 799,899 shares of the savings and loans company’s stock after buying an additional 10,500 shares during the period. Waterstone Financial makes up about 9.4% of Seidman Lawrence B’s holdings, making the stock its 2nd largest position. Seidman Lawrence B owned about 2.91% of Waterstone Financial worth $15,338,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Marshall Wace North America L.P. purchased a new stake in Waterstone Financial during the second quarter valued at $195,000. Bowling Portfolio Management LLC purchased a new stake in Waterstone Financial during the second quarter valued at $664,000. Wedge Capital Management L L P NC increased its stake in Waterstone Financial by 23.6% in the second quarter. Wedge Capital Management L L P NC now owns 82,231 shares of the savings and loans company’s stock valued at $1,550,000 after buying an additional 15,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Waterstone Financial by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 125,304 shares of the savings and loans company’s stock valued at $2,362,000 after buying an additional 627 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Waterstone Financial by 26.3% in the second quarter. Russell Investments Group Ltd. now owns 125,783 shares of the savings and loans company’s stock valued at $2,372,000 after buying an additional 26,168 shares during the last quarter. 59.28% of the stock is owned by institutional investors and hedge funds.

Shares of Waterstone Financial, Inc. (NASDAQ:WSBF) opened at 17.70 on Monday. The firm has a market capitalization of $486.50 million, a P/E ratio of 16.86 and a beta of 0.14. Waterstone Financial, Inc. has a one year low of $16.05 and a one year high of $20.40. The company’s 50 day moving average price is $18.38 and its 200 day moving average price is $18.60.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 12th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, July 10th. This represents a $0.48 dividend on an annualized basis and a yield of 2.71%. Waterstone Financial’s dividend payout ratio is 45.28%.

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Separately, BidaskClub downgraded Waterstone Financial from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th.

About Waterstone Financial

Waterstone Financial, Inc is the holding company of WaterStone Bank SSB (WaterStone Bank). WaterStone Bank is a community bank. The Company operates in two segments: community banking and mortgage banking. The community banking segment provides consumer and business banking products and services. Its consumer products include loan products, deposit products, and personal investment services.

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Institutional Ownership by Quarter for Waterstone Financial (NASDAQ:WSBF)

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