BidaskClub Downgrades Waterstone Financial (WSBF) to Sell

Waterstone Financial (NASDAQ:WSBF) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Separately, ValuEngine cut Waterstone Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

NASDAQ:WSBF traded down $0.07 on Tuesday, hitting $16.59. 75,675 shares of the stock were exchanged, compared to its average volume of 47,329. The stock has a market capitalization of $480.30 million, a P/E ratio of 15.01 and a beta of 0.11. Waterstone Financial has a 52 week low of $15.20 and a 52 week high of $18.10. The company has a current ratio of 1.59, a quick ratio of 1.40 and a debt-to-equity ratio of 1.11.

Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings data on Tuesday, October 23rd. The savings and loans company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The firm had revenue of $47.91 million during the quarter. Waterstone Financial had a return on equity of 7.64% and a net margin of 14.65%.

In other Waterstone Financial news, Director Eric J. Egenhoefer sold 15,420 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $16.16, for a total transaction of $249,187.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 12.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Waterstone Financial by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,932,911 shares of the savings and loans company’s stock valued at $33,149,000 after acquiring an additional 59,649 shares during the last quarter. BlackRock Inc. increased its stake in shares of Waterstone Financial by 3.6% in the 2nd quarter. BlackRock Inc. now owns 1,588,181 shares of the savings and loans company’s stock valued at $27,078,000 after acquiring an additional 55,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Waterstone Financial by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,184,516 shares of the savings and loans company’s stock valued at $20,315,000 after acquiring an additional 6,934 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Waterstone Financial by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 1,184,516 shares of the savings and loans company’s stock valued at $20,315,000 after acquiring an additional 6,934 shares during the last quarter. Finally, Seidman Lawrence B increased its stake in shares of Waterstone Financial by 8.6% in the 3rd quarter. Seidman Lawrence B now owns 520,737 shares of the savings and loans company’s stock valued at $8,931,000 after acquiring an additional 41,338 shares during the last quarter. 58.15% of the stock is owned by institutional investors.

About Waterstone Financial

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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