BidaskClub lowered shares of Waterstone Financial, Inc. (NASDAQ:WSBF) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Waterstone Financial (WSBF) traded down 0.28% on Tuesday, hitting $18.00. The stock had a trading volume of 41,930 shares. The company’s 50 day moving average price is $18.85 and its 200-day moving average price is $18.62. The company has a market cap of $494.75 million, a price-to-earnings ratio of 17.14 and a beta of 0.14. Waterstone Financial has a 12-month low of $15.72 and a 12-month high of $20.40.

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The business also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, July 10th. Waterstone Financial’s payout ratio is 45.28%.

Several hedge funds have recently made changes to their positions in the company. Marshall Wace North America L.P. purchased a new position in shares of Waterstone Financial during the second quarter worth approximately $195,000. Bowling Portfolio Management LLC purchased a new position in shares of Waterstone Financial during the second quarter worth approximately $664,000. Chicago Equity Partners LLC purchased a new position in shares of Waterstone Financial during the second quarter worth approximately $677,000. Swiss National Bank increased its position in shares of Waterstone Financial by 11.5% in the second quarter. Swiss National Bank now owns 42,700 shares of the savings and loans company’s stock worth $805,000 after buying an additional 4,400 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of Waterstone Financial by 23.6% in the second quarter. Wedge Capital Management L L P NC now owns 82,231 shares of the savings and loans company’s stock worth $1,550,000 after buying an additional 15,700 shares in the last quarter. Institutional investors and hedge funds own 57.94% of the company’s stock.

Waterstone Financial Company Profile

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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