Sandler O’Neill upgraded shares of Waterstone Financial, Inc. (NASDAQ:WSBF) from a hold rating to a buy rating in a report released on Thursday morning. The brokerage currently has $20.00 target price on the savings and loans company’s stock, down from their previous target price of $20.50.

Separately, BidaskClub raised shares of Waterstone Financial from a hold rating to a buy rating in a research note on Tuesday, August 1st.

Waterstone Financial (NASDAQ:WSBF) traded up 2.86% on Thursday, hitting $18.00. The stock had a trading volume of 35,308 shares. The company’s 50 day moving average is $18.08 and its 200-day moving average is $18.55. Waterstone Financial has a 1-year low of $16.05 and a 1-year high of $20.40. The firm has a market capitalization of $494.75 million, a price-to-earnings ratio of 17.14 and a beta of 0.06.

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Several institutional investors have recently modified their holdings of WSBF. Russell Investments Group Ltd. grew its stake in shares of 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 worth $2,372,000 after purchasing an additional 26,168 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in shares of Waterstone Financial in the second quarter worth $664,000. Schwab Charles Investment Management Inc. grew its stake in shares of 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 worth $2,362,000 after purchasing an additional 627 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of 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 worth $1,550,000 after purchasing an additional 15,700 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Waterstone Financial by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 175,474 shares of the savings and loans company’s stock worth $3,308,000 after purchasing an additional 3,090 shares during the last quarter. 59.27% of the stock is currently owned by institutional investors.

Waterstone Financial Company Profile

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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