Waterstone Financial (NASDAQ:WSBF) Rating Increased to Hold at StockNews.com

Waterstone Financial (NASDAQ:WSBFGet Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Waterstone Financial Trading Down 0.4 %

NASDAQ WSBF traded down $0.07 during mid-day trading on Thursday, reaching $16.67. 17,879 shares of the stock were exchanged, compared to its average volume of 45,522. Waterstone Financial has a 1-year low of $15.70 and a 1-year high of $22.74. The business’s fifty day simple moving average is $16.77 and its 200 day simple moving average is $17.13. The stock has a market capitalization of $369.91 million, a PE ratio of 12.17 and a beta of 0.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.34.

Hedge Funds Weigh In On Waterstone Financial

Hedge funds have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Waterstone Financial by 9.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 16,874 shares of the savings and loans company’s stock valued at $288,000 after purchasing an additional 1,479 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Waterstone Financial by 89.2% in the 1st quarter. Russell Investments Group Ltd. now owns 5,887 shares of the savings and loans company’s stock valued at $113,000 after purchasing an additional 2,776 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Waterstone Financial during the 2nd quarter valued at $438,000. Amalgamated Bank acquired a new position in shares of Waterstone Financial during the 1st quarter valued at $51,000. Finally, Zebra Capital Management LLC lifted its holdings in shares of Waterstone Financial by 28.7% during the 1st quarter. Zebra Capital Management LLC now owns 14,815 shares of the savings and loans company’s stock valued at $286,000 after acquiring an additional 3,307 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.

Read More

Receive News & Ratings for Waterstone Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waterstone Financial and related companies with MarketBeat.com's FREE daily email newsletter.