Waterstone Financial (NASDAQ:WSBF) Share Price Crosses Below Two Hundred Day Moving Average of $17.13

Waterstone Financial, Inc. (NASDAQ:WSBFGet Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.13 and traded as low as $16.63. Waterstone Financial shares last traded at $16.74, with a volume of 23,721 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered Waterstone Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st.

Waterstone Financial Trading Down 0.4 %

The business has a 50 day simple moving average of $16.77 and a two-hundred day simple moving average of $17.13. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The stock has a market cap of $369.91 million, a price-to-earnings ratio of 12.17 and a beta of 0.48.

Waterstone Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, October 6th. This represents a $0.80 dividend on an annualized basis and a yield of 4.80%. Waterstone Financial’s dividend payout ratio (DPR) is presently 58.39%.

Institutional Investors Weigh In On Waterstone Financial

A number of hedge funds have recently bought and sold shares of WSBF. State Street Corp grew its position in shares of Waterstone Financial by 2.0% in the 3rd quarter. State Street Corp now owns 658,008 shares of the savings and loans company’s stock worth $10,633,000 after acquiring an additional 12,765 shares in the last quarter. Summit Global Investments grew its position in shares of Waterstone Financial by 2.7% in the 3rd quarter. Summit Global Investments now owns 26,800 shares of the savings and loans company’s stock worth $433,000 after acquiring an additional 700 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Waterstone Financial by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 188,823 shares of the savings and loans company’s stock worth $3,052,000 after acquiring an additional 8,070 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Waterstone Financial in the 3rd quarter worth approximately $249,000. Finally, Royal Bank of Canada grew its position in shares of Waterstone Financial by 10.3% in the 3rd quarter. Royal Bank of Canada now owns 10,768 shares of the savings and loans company’s stock worth $175,000 after acquiring an additional 1,004 shares in the last quarter. Institutional investors and hedge funds own 58.60% of the company’s stock.

About Waterstone Financial

(Get Rating)

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.

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