Goldman Sachs Group Inc. grew its position in Waterstone Financial, Inc. (NASDAQ:WSBF) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,073 shares of the savings and loans company’s stock after acquiring an additional 558 shares during the period. Goldman Sachs Group Inc. owned about 0.08% of Waterstone Financial worth $397,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in shares of Waterstone Financial in the second quarter worth about $195,000. Advisor Group Inc. raised its position in shares of Waterstone Financial by 8.6% in the second quarter. Advisor Group Inc. now owns 10,316 shares of the savings and loans company’s stock worth $195,000 after acquiring an additional 814 shares during the period. Alliancebernstein L.P. raised its position in shares of Waterstone Financial by 48.0% in the second quarter. Alliancebernstein L.P. now owns 18,800 shares of the savings and loans company’s stock worth $354,000 after acquiring an additional 6,100 shares during the period. Voya Investment Management LLC raised its position in shares of Waterstone Financial by 6.9% in the second quarter. Voya Investment Management LLC now owns 21,360 shares of the savings and loans company’s stock worth $403,000 after acquiring an additional 1,370 shares during the period. Finally, Bowling Portfolio Management LLC acquired a new position in shares of Waterstone Financial in the second quarter worth about $664,000. Institutional investors and hedge funds own 59.09% of the company’s stock.
A number of research analysts have weighed in on WSBF shares. BidaskClub upgraded shares of Waterstone Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Sandler O’Neill upgraded shares of Waterstone Financial from a “hold” rating to a “buy” rating and reduced their price target for the stock from $20.50 to $20.00 in a research report on Thursday, September 7th.
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In related news, insider Rebecca M. Arndt sold 6,000 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $19.79, for a total transaction of $118,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.30% of the stock is owned by corporate insiders.
Waterstone Financial, Inc. (NASDAQ:WSBF) opened at $18.35 on Wednesday. Waterstone Financial, Inc. has a 1 year low of $17.25 and a 1 year high of $20.40. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.58. The firm has a market cap of $538.18, a PE ratio of 17.38 and a beta of 0.06.
Waterstone Financial (NASDAQ:WSBF) last released its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). Waterstone Financial had a return on equity of 7.11% and a net margin of 15.14%. The company had revenue of $46.09 million for the quarter.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 2nd. Investors of record on Thursday, October 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $0.48 annualized dividend and a dividend yield of 2.62%. Waterstone Financial’s dividend payout ratio (DPR) is presently 45.71%.
Waterstone Financial 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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