Key Points
- Director Patrick Lawton sold 30,000 shares on Feb. 3 at an average price of $18.53 for a $555,900 transaction, cutting his stake by 60.91% to 19,255 shares; the sale was disclosed in an SEC filing.
- Recent quarter: Waterstone reported $0.44 EPS on $37.17 million in revenue, with a 6.99% return on equity and a 12.08% net margin.
- Dividend and valuation: The company pays a $0.15 quarterly dividend ($0.60 annual, 3.3% yield, 45.11% payout ratio), with a market cap of $339.85 million and a P/E of 13.95.
Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) Director Patrick Lawton sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $18.53, for a total transaction of $555,900.00. Following the transaction, the director directly owned 19,255 shares of the company's stock, valued at $356,795.15. The trade was a 60.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Waterstone Financial Price Performance
NASDAQ WSBF opened at $18.41 on Friday. The stock has a market capitalization of $339.85 million, a price-to-earnings ratio of 13.95 and a beta of 0.81. Waterstone Financial, Inc. has a 1-year low of $11.61 and a 1-year high of $18.88. The business's fifty day moving average price is $17.02 and its 200-day moving average price is $15.59.
Waterstone Financial (NASDAQ:WSBF - Get Free Report) last announced its earnings results on Wednesday, January 28th. The savings and loans company reported $0.44 earnings per share (EPS) for the quarter. Waterstone Financial had a return on equity of 6.99% and a net margin of 12.08%.The business had revenue of $37.17 million for the quarter.
Waterstone Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Thursday, January 8th. Waterstone Financial's dividend payout ratio is 45.11%.
Analyst Upgrades and Downgrades
WSBF has been the subject of a number of recent analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Waterstone Financial in a research note on Monday, December 29th. Wall Street Zen lowered Waterstone Financial from a "buy" rating to a "hold" rating in a research note on Sunday, December 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy".
Read Our Latest Stock Report on Waterstone Financial
Hedge Funds Weigh In On Waterstone Financial
A number of large investors have recently made changes to their positions in WSBF. Bridgeway Capital Management LLC lifted its stake in Waterstone Financial by 1.9% in the second quarter. Bridgeway Capital Management LLC now owns 438,837 shares of the savings and loans company's stock worth $6,060,000 after purchasing an additional 8,199 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Waterstone Financial by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 406,749 shares of the savings and loans company's stock worth $5,618,000 after purchasing an additional 4,108 shares during the period. CSM Advisors LLC purchased a new stake in Waterstone Financial during the second quarter worth $2,725,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Waterstone Financial by 30.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 190,766 shares of the savings and loans company's stock worth $2,634,000 after purchasing an additional 44,618 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Waterstone Financial by 3.6% during the second quarter. American Century Companies Inc. now owns 159,875 shares of the savings and loans company's stock valued at $2,208,000 after buying an additional 5,528 shares during the last quarter. 62.71% of the stock is owned by hedge funds and other institutional investors.
Waterstone Financial Company Profile
(
Get Free Report)
Waterstone Financial, Inc is a bank holding company based in Glendale, Wisconsin, that provides a broad range of financial services to individuals, businesses and institutions. Its primary operations are conducted through its wholly owned subsidiary, Waterstone Bank, which offers deposit products, loan facilities and treasury management services. The company focuses on delivering relationship-based banking solutions tailored to the needs of small and medium-sized enterprises as well as retail customers.
In addition to traditional commercial and consumer banking, Waterstone Financial supports its clients with specialized financing, including real estate, equipment and asset-based lending.
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