Wells Fargo & Company MN Raises Holdings in Waterstone Financial, Inc. (WSBF)

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.

Want to see what other hedge funds are holding WSBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waterstone Financial, Inc. (NASDAQ:WSBF).

Institutional Ownership by Quarter for Waterstone Financial (NASDAQ:WSBF)

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