Waterstone Financial (NASDAQ:WSBF) Issues Earnings Results

Waterstone Financial (NASDAQ:WSBF) announced its quarterly earnings data on Thursday. The savings and loans company reported $0.45 earnings per share (EPS) for the quarter, Zacks reports. Waterstone Financial had a net margin of 12.08% and a return on equity of 7.02%. The business had revenue of $37.04 million during the quarter.

Waterstone Financial Stock Up 3.4%

NASDAQ WSBF opened at $15.32 on Friday. The company has a fifty day moving average of $15.00 and a two-hundred day moving average of $13.77. The firm has a market capitalization of $286.18 million, a price-to-earnings ratio of 11.52 and a beta of 0.77. Waterstone Financial has a 52 week low of $11.61 and a 52 week high of $16.86.

Waterstone Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 8th. Waterstone Financial’s payout ratio is presently 52.63%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waterstone Financial in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Waterstone Financial currently has a consensus rating of “Hold”.

Insider Buying and Selling

In other Waterstone Financial news, Director Michael L. Hansen sold 109,527 shares of Waterstone Financial stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $14.05, for a total transaction of $1,538,854.35. Following the completion of the transaction, the director directly owned 1,541 shares of the company’s stock, valued at $21,651.05. The trade was a 98.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 147,574 shares of company stock worth $2,068,138 over the last ninety days. 7.40% of the stock is owned by insiders.

Institutional Trading of Waterstone Financial

Several institutional investors and hedge funds have recently made changes to their positions in WSBF. Arrowstreet Capital Limited Partnership lifted its position in shares of Waterstone Financial by 30.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 190,766 shares of the savings and loans company’s stock worth $2,634,000 after purchasing an additional 44,618 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Waterstone Financial by 65.2% during the second quarter. Quantinno Capital Management LP now owns 48,225 shares of the savings and loans company’s stock worth $666,000 after purchasing an additional 19,025 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Waterstone Financial by 44.7% during the second quarter. Bank of America Corp DE now owns 37,012 shares of the savings and loans company’s stock worth $511,000 after purchasing an additional 11,427 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Waterstone Financial during the second quarter worth $138,000. Finally, Bridgeway Capital Management LLC lifted its position in shares of Waterstone Financial by 1.9% during the second quarter. Bridgeway Capital Management LLC now owns 438,837 shares of the savings and loans company’s stock worth $6,060,000 after purchasing an additional 8,199 shares during the last quarter. 62.71% of the stock is currently owned by institutional investors.

About Waterstone Financial

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.