Waterstone Financial (NASDAQ:WSBF) Stock Price Passes Above Fifty Day Moving Average of $18.53

Waterstone Financial, Inc. (NASDAQ:WSBF) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $18.53 and traded as high as $18.67. Waterstone Financial shares last traded at $18.66, with a volume of 2,299 shares traded.

Several equities research analysts have weighed in on WSBF shares. ValuEngine cut Waterstone Financial from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. BidaskClub cut Waterstone Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Sandler O’Neill upgraded Waterstone Financial from a “hold” rating to a “buy” rating and set a $19.50 price objective for the company in a report on Thursday, October 24th.

The company has a market cap of $505.50 million, a PE ratio of 15.02 and a beta of 0.08. The company has a current ratio of 1.61, a quick ratio of 1.38 and a debt-to-equity ratio of 1.33. The stock has a 50 day moving average price of $18.63 and a 200 day moving average price of $17.32.

Waterstone Financial (NASDAQ:WSBF) last released its earnings results on Wednesday, October 23rd. The savings and loans company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.11. The company had revenue of $50.65 million during the quarter. Waterstone Financial had a return on equity of 8.42% and a net margin of 16.28%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WSBF. Aperio Group LLC lifted its stake in shares of Waterstone Financial by 4.1% in the 2nd quarter. Aperio Group LLC now owns 16,220 shares of the savings and loans company’s stock valued at $277,000 after purchasing an additional 638 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of Waterstone Financial by 699.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 88,499 shares of the savings and loans company’s stock valued at $1,510,000 after purchasing an additional 77,425 shares during the period. Swiss National Bank lifted its stake in shares of Waterstone Financial by 8.2% in the 2nd quarter. Swiss National Bank now owns 47,600 shares of the savings and loans company’s stock valued at $812,000 after purchasing an additional 3,600 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Waterstone Financial by 169.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,180 shares of the savings and loans company’s stock valued at $38,000 after purchasing an additional 1,371 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Waterstone Financial by 8.7% in the 2nd quarter. Acadian Asset Management LLC now owns 901,709 shares of the savings and loans company’s stock valued at $15,380,000 after purchasing an additional 72,530 shares during the period. Institutional investors own 60.70% of the company’s stock.

About Waterstone Financial (NASDAQ:WSBF)

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 offers 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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