Wells Fargo & Company MN raised its stake in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,328 shares of the savings and loans company’s stock after buying an additional 1,260 shares during the period. Wells Fargo & Company MN owned about 0.28% of Waterstone Financial worth $1,439,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Seidman Lawrence B boosted its stake in shares of Waterstone Financial by 1.3% during the 2nd quarter. Seidman Lawrence B now owns 799,899 shares of the savings and loans company’s stock valued at $15,338,000 after buying an additional 10,500 shares during the period. Seizert Capital Partners LLC boosted its stake in shares of Waterstone Financial by 2.3% during the 2nd quarter. Seizert Capital Partners LLC now owns 248,824 shares of the savings and loans company’s stock valued at $4,690,000 after buying an additional 5,585 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Waterstone Financial by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 175,474 shares of the savings and loans company’s stock valued at $3,308,000 after buying an additional 3,090 shares during the period. Federated Investors Inc. PA boosted its stake in shares of Waterstone Financial by 13,814.9% during the 2nd quarter. Federated Investors Inc. PA now owns 143,184 shares of the savings and loans company’s stock valued at $2,699,000 after buying an additional 142,155 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Waterstone Financial by 26.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 125,783 shares of the savings and loans company’s stock valued at $2,372,000 after buying an additional 26,168 shares during the period. 58.96% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of Waterstone Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Sandler O’Neill raised shares of Waterstone Financial from a “hold” rating to a “buy” rating and decreased their target price for the company from $20.50 to $20.00 in a research note on Thursday, September 7th.
Shares of Waterstone Financial, Inc. (NASDAQ WSBF) opened at 19.90 on Tuesday. Waterstone Financial, Inc. has a 52 week low of $16.45 and a 52 week high of $20.40. The firm’s 50 day moving average is $19.27 and its 200-day moving average is $18.81. The firm has a market cap of $546.97 million, a price-to-earnings ratio of 18.95 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 Thomson Reuters’ consensus estimate of $0.29 by ($0.03). The company had revenue of $46.09 million during the quarter. Waterstone Financial had a net margin of 15.14% and a return on equity of 7.11%. Equities research analysts predict that Waterstone Financial, Inc. will post $1.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 2nd. Stockholders of record on Thursday, October 12th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Wednesday, October 11th. Waterstone Financial’s dividend payout ratio (DPR) is presently 45.71%.
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In other news, insider Rebecca M. Arndt sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $19.79, for a total value of $118,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.30% of the stock is owned by corporate insiders.
About Waterstone Financial
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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