Waterstone Financial, Inc. (WSBF) to Issue Quarterly Dividend of $0.15 on May 1st

Waterstone Financial, Inc. (NASDAQ:WSBFGet Free Report) declared a quarterly dividend on Thursday, March 21st, Zacks reports. Shareholders of record on Monday, April 8th will be given a dividend of 0.15 per share by the savings and loans company on Wednesday, May 1st. This represents a $0.60 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend is Friday, April 5th.

Waterstone Financial has raised its dividend payment by an average of 16.0% annually over the last three years.

Waterstone Financial Stock Performance

NASDAQ:WSBF opened at $11.67 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.55 and a quick ratio of 1.41. The firm has a 50-day moving average of $12.38 and a two-hundred day moving average of $12.23. The stock has a market cap of $233.98 million, a P/E ratio of 25.37 and a beta of 0.59. Waterstone Financial has a 1-year low of $9.62 and a 1-year high of $15.56.

Hedge Funds Weigh In On Waterstone Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Waterstone Financial by 4.7% during the first quarter. Vanguard Group Inc. now owns 1,113,021 shares of the savings and loans company’s stock worth $21,526,000 after purchasing an additional 49,723 shares during the last quarter. State Street Corp lifted its position in shares of Waterstone Financial by 4.6% during the first quarter. State Street Corp now owns 681,766 shares of the savings and loans company’s stock worth $10,313,000 after purchasing an additional 30,027 shares during the last quarter. rhino investment partners Inc bought a new position in shares of Waterstone Financial during the fourth quarter worth about $7,493,000. Geode Capital Management LLC lifted its position in shares of Waterstone Financial by 3.5% during the first quarter. Geode Capital Management LLC now owns 407,636 shares of the savings and loans company’s stock worth $6,168,000 after purchasing an additional 13,814 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of Waterstone Financial by 1.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 378,976 shares of the savings and loans company’s stock worth $5,381,000 after purchasing an additional 6,376 shares during the last quarter. 62.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Waterstone Financial from a “sell” rating to a “hold” rating in a research report on Friday, December 15th.

Check Out Our Latest Report on Waterstone Financial

Waterstone Financial Company Profile

(Get Free Report)

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.

See Also

Dividend History for Waterstone Financial (NASDAQ:WSBF)

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