Waterstone Financial, Inc. (NASDAQ:WSBF) Plans Quarterly Dividend of $0.17

Waterstone Financial, Inc. (NASDAQ:WSBF) declared a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Thursday, October 8th will be given a dividend of 0.17 per share by the savings and loans company on Monday, November 2nd. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, October 8th.

Waterstone Financial has decreased its dividend payment by an average of 0.1%annually over the last three years.

Waterstone Financial Trading Down 1.3%

WSBF traded down $0.27 during trading hours on Wednesday, hitting $20.47. The company’s stock had a trading volume of 3,103 shares, compared to its average volume of 67,498. The business’s 50-day moving average price is $20.77 and its 200-day moving average price is $19.39. Waterstone Financial has a 12 month low of $14.52 and a 12 month high of $21.66. The stock has a market cap of $368.05 million, a price-to-earnings ratio of 11.89 and a beta of 0.71.

Waterstone Financial (NASDAQ:WSBF) last issued its quarterly earnings results on Thursday, July 23rd. The savings and loans company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.17). The business had revenue of $40.25 million for the quarter, compared to the consensus estimate of $65.80 million. Waterstone Financial had a return on equity of 8.64% and a net margin of 14.57%.

Hedge Funds Weigh In On Waterstone Financial

Several institutional investors have recently modified their holdings of WSBF. BlackRock Inc. acquired a new stake in shares of Waterstone Financial in the 2nd quarter valued at $34,034,000. Donald Smith & CO. Inc. purchased a new position in Waterstone Financial in the second quarter valued at $3,412,000. Quantinno Capital Management LP raised its stake in Waterstone Financial by 10.0% in the first quarter. Quantinno Capital Management LP now owns 141,411 shares of the savings and loans company’s stock valued at $2,550,000 after buying an additional 12,808 shares in the last quarter. Empowered Funds LLC raised its stake in Waterstone Financial by 11.3% in the first quarter. Empowered Funds LLC now owns 122,380 shares of the savings and loans company’s stock valued at $2,207,000 after buying an additional 12,430 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Waterstone Financial during the 2nd quarter worth about $1,877,000. Institutional investors and hedge funds own 62.71% of the company’s stock.

About Waterstone Financial

Waterstone Financial, Inc (NASDAQ: WSBF) is a bank holding company headquartered in Wauwatosa, Wisconsin. Its principal subsidiary, WaterStone Bank, is a community-focused financial institution serving individuals, families and businesses in southeastern Wisconsin.

WaterStone Bank provides a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgage lending, home equity financing, commercial real estate loans, construction financing and commercial business loans.