Waterstone Financial, Inc. (NASDAQ:WSBF) – Research analysts at Piper Sandler lifted their Q3 2020 earnings estimates for Waterstone Financial in a research report issued on Tuesday, July 28th. Piper Sandler analyst B. Nosal now forecasts that the savings and loans company will post earnings of $0.55 per share for the quarter, up from their prior forecast of $0.30. Piper Sandler currently has a “Overweight” rating and a $17.00 target price on the stock. Piper Sandler also issued estimates for Waterstone Financial’s Q4 2020 earnings at $0.26 EPS, FY2020 earnings at $1.93 EPS, Q1 2021 earnings at $0.23 EPS, Q2 2021 earnings at $0.33 EPS and FY2021 earnings at $1.10 EPS.

Other equities research analysts have also recently issued research reports about the company. BidaskClub raised Waterstone Financial from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised Waterstone Financial from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Saturday. Finally, ValuEngine cut Waterstone Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $17.83.

Shares of WSBF stock opened at $15.28 on Friday. The stock has a market cap of $396.06 million, a price-to-earnings ratio of 8.13 and a beta of 0.23. The stock has a 50-day moving average of $14.28 and a 200-day moving average of $15.23. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 1.40. Waterstone Financial has a 1-year low of $12.10 and a 1-year high of $19.48.

Waterstone Financial (NASDAQ:WSBF) last issued its quarterly earnings results on Monday, July 27th. The savings and loans company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.49. The company had revenue of $80.15 million during the quarter, compared to analysts’ expectations of $59.10 million. Waterstone Financial had a return on equity of 12.37% and a net margin of 19.04%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.48 annualized dividend and a yield of 3.14%. Waterstone Financial’s dividend payout ratio is currently 35.04%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WSBF. Driehaus Capital Management LLC acquired a new stake in Waterstone Financial during the first quarter worth approximately $5,784,000. Two Sigma Advisers LP grew its stake in Waterstone Financial by 159.2% in the first quarter. Two Sigma Advisers LP now owns 117,382 shares of the savings and loans company’s stock valued at $1,707,000 after acquiring an additional 72,100 shares during the period. Seidman Lawrence B acquired a new stake in Waterstone Financial in the first quarter valued at approximately $722,000. Los Angeles Capital Management & Equity Research Inc. grew its stake in Waterstone Financial by 121.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 79,309 shares of the savings and loans company’s stock valued at $1,153,000 after acquiring an additional 43,555 shares during the period. Finally, Mackay Shields LLC acquired a new stake in Waterstone Financial in the second quarter valued at approximately $568,000. 61.41% of the stock is owned by institutional investors and hedge funds.

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 through 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, 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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Earnings History and Estimates for Waterstone Financial (NASDAQ:WSBF)

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