Seidman Lawrence B trimmed its holdings in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 46.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 429,899 shares of the savings and loans company’s stock after selling 370,000 shares during the period. Waterstone Financial makes up approximately 5.8% of Seidman Lawrence B’s investment portfolio, making the stock its 8th largest holding. Seidman Lawrence B’s holdings in Waterstone Financial were worth $7,565,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in shares of Waterstone Financial by 2.7% during the second quarter. Goldman Sachs Group Inc. now owns 21,073 shares of the savings and loans company’s stock valued at $397,000 after purchasing an additional 558 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Waterstone Financial by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 125,304 shares of the savings and loans company’s stock valued at $2,362,000 after purchasing an additional 627 shares during the period. Advisor Group Inc. increased its holdings in shares of Waterstone Financial by 8.6% during the second quarter. Advisor Group Inc. now owns 10,316 shares of the savings and loans company’s stock valued at $195,000 after purchasing an additional 814 shares during the period. North Star Asset Management Inc. increased its holdings in shares of Waterstone Financial by 10.6% during the second quarter. North Star Asset Management Inc. now owns 12,166 shares of the savings and loans company’s stock valued at $229,000 after purchasing an additional 1,166 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Waterstone Financial by 1.7% during the second quarter. Wells Fargo & Company MN now owns 76,328 shares of the savings and loans company’s stock valued at $1,439,000 after purchasing an additional 1,260 shares during the period. 59.64% of the stock is currently owned by institutional investors.

WSBF has been the topic of a number of research analyst reports. BidaskClub lowered Waterstone Financial from a “sell” rating to a “strong sell” rating in a report on Friday, December 29th. Sandler O’Neill set a $19.00 price target on Waterstone Financial and gave the company a “hold” rating in a report on Wednesday, January 3rd.

Waterstone Financial, Inc. (NASDAQ WSBF) opened at $17.10 on Tuesday. The company has a market capitalization of $504.47, a price-to-earnings ratio of 16.60 and a beta of 0.12. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. Waterstone Financial, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $20.40.

Waterstone Financial (NASDAQ:WSBF) last issued its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $41.51 million for the quarter. Waterstone Financial had a return on equity of 6.97% and a net margin of 13.56%.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Friday, January 12th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Thursday, January 11th. Waterstone Financial’s dividend payout ratio (DPR) is 51.61%.

COPYRIGHT VIOLATION WARNING: “Waterstone Financial, Inc. (WSBF) is Seidman Lawrence B’s 8th Largest Position” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.dailypolitical.com/2018/02/13/waterstone-financial-inc-wsbf-is-seidman-lawrence-bs-8th-largest-position.html.

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.

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)

Receive News & Ratings for Waterstone Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waterstone Financial and related companies with MarketBeat.com's FREE daily email newsletter.