Shares of Waterstone Financial, Inc. (NASDAQ:WSBF) hit a new 52-week low during trading on Thursday . The stock traded as low as $16.58 and last traded at $16.61, with a volume of 55978 shares traded. The stock had previously closed at $16.98.
Several analysts have recently commented on the company. UBS Group reaffirmed a “sell” rating and issued a $12.75 target price on shares of Waterstone Financial in a research report on Thursday, August 9th. BidaskClub cut Waterstone Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, August 10th. Finally, ValuEngine cut Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.
The stock has a market cap of $502.58 million, a PE ratio of 16.18 and a beta of 0.06. The company has a quick ratio of 1.41, a current ratio of 1.56 and a debt-to-equity ratio of 1.07.
Waterstone Financial (NASDAQ:WSBF) last released its quarterly earnings data on Tuesday, July 31st. The savings and loans company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $47.04 million during the quarter. Waterstone Financial had a return on equity of 7.28% and a net margin of 14.16%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Investors of record on Friday, October 12th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.93%.
In related news, insider Eric J. Egenhoefer sold 25,449 shares of Waterstone Financial stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $17.00, for a total transaction of $432,633.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen Syburg Bartel sold 7,734 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $17.01, for a total value of $131,555.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,734 shares of company stock valued at $862,555. Insiders own 12.00% of the company’s stock.
Several large investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its position in shares of Waterstone Financial by 3.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 137,915 shares of the savings and loans company’s stock worth $2,352,000 after buying an additional 4,626 shares during the last quarter. Barclays PLC lifted its position in shares of Waterstone Financial by 141.3% in the first quarter. Barclays PLC now owns 10,810 shares of the savings and loans company’s stock worth $187,000 after buying an additional 6,331 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Waterstone Financial by 7.8% in the first quarter. Wells Fargo & Company MN now owns 92,593 shares of the savings and loans company’s stock worth $1,602,000 after buying an additional 6,664 shares during the last quarter. RMB Capital Management LLC lifted its position in shares of Waterstone Financial by 21.9% in the first quarter. RMB Capital Management LLC now owns 51,114 shares of the savings and loans company’s stock worth $884,000 after buying an additional 9,179 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Waterstone Financial by 41.9% in the second quarter. Millennium Management LLC now owns 32,290 shares of the savings and loans company’s stock worth $551,000 after buying an additional 9,534 shares during the last quarter. 58.98% of the stock is owned by institutional investors.
About Waterstone Financial (NASDAQ:WSBF)
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 provides 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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