Waterstone Financial (NASDAQ:WSBF) Downgraded by BidaskClub

BidaskClub downgraded shares of Waterstone Financial (NASDAQ:WSBF) from a hold rating to a sell rating in a report published on Friday, BidAskClub reports.

WSBF stock opened at $16.84 on Friday. Waterstone Financial has a 52-week low of $15.20 and a 52-week high of $18.10. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. The company has a market cap of $471.22 million, a PE ratio of 15.31 and a beta of 0.08.

Waterstone Financial (NASDAQ:WSBF) last released its quarterly earnings results on Tuesday, April 23rd. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. Waterstone Financial had a net margin of 15.71% and a return on equity of 7.62%. The business had revenue of $37.19 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 12th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, July 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.85%.

In other news, COO William F. Bruss sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $16.60, for a total transaction of $37,350.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ellen Syburg Bartel sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $16.56, for a total transaction of $115,920.00. The disclosure for this sale can be found here. 12.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc grew its position in Waterstone Financial by 16.9% during the fourth quarter. Legal & General Group Plc now owns 4,721 shares of the savings and loans company’s stock valued at $79,000 after purchasing an additional 684 shares in the last quarter. Keeley Teton Advisors LLC grew its position in Waterstone Financial by 5.9% during the first quarter. Keeley Teton Advisors LLC now owns 18,000 shares of the savings and loans company’s stock valued at $296,000 after purchasing an additional 1,000 shares in the last quarter. Context BH Capital Management LP grew its position in Waterstone Financial by 0.4% during the first quarter. Context BH Capital Management LP now owns 330,675 shares of the savings and loans company’s stock valued at $5,443,000 after purchasing an additional 1,200 shares in the last quarter. California Public Employees Retirement System grew its position in Waterstone Financial by 2.9% during the fourth quarter. California Public Employees Retirement System now owns 62,744 shares of the savings and loans company’s stock valued at $1,052,000 after purchasing an additional 1,766 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in Waterstone Financial by 4.6% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 55,798 shares of the savings and loans company’s stock valued at $935,000 after purchasing an additional 2,440 shares in the last quarter. 58.20% of the stock is currently owned by hedge funds and other 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 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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