ValuEngine upgraded shares of Waterstone Financial (NASDAQ:WSBF) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Several other research analysts have also recently commented on WSBF. BidaskClub cut shares of Waterstone Financial from a buy rating to a hold rating in a report on Thursday, November 8th. UBS Group reiterated a sell rating and issued a $12.75 target price on shares of Waterstone Financial in a report on Thursday, August 9th.

Shares of WSBF traded down $0.02 during midday trading on Wednesday, hitting $16.68. The stock had a trading volume of 53,844 shares, compared to its average volume of 45,970. Waterstone Financial has a fifty-two week low of $15.20 and a fifty-two week high of $19.35. The stock has a market cap of $481.45 million, a price-to-earnings ratio of 15.05 and a beta of 0.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.59 and a quick ratio of 1.40.

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

The company also recently announced a quarterly dividend, which was paid on Friday, November 2nd. Shareholders of record on Friday, October 12th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, October 11th.

In other Waterstone Financial news, Director Ellen Syburg Bartel sold 7,734 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $17.01, for a total value of $131,555.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of Waterstone Financial by 1.2% in the second quarter. Renaissance Technologies LLC now owns 2,450,474 shares of the savings and loans company’s stock worth $41,781,000 after purchasing an additional 28,089 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Waterstone Financial by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,932,911 shares of the savings and loans company’s stock worth $33,149,000 after purchasing an additional 59,649 shares in the last quarter. BlackRock Inc. lifted its position in shares of Waterstone Financial by 3.6% in the second quarter. BlackRock Inc. now owns 1,588,181 shares of the savings and loans company’s stock worth $27,078,000 after purchasing an additional 55,000 shares in the last quarter. Seidman Lawrence B lifted its position in shares of Waterstone Financial by 8.6% in the third quarter. Seidman Lawrence B now owns 520,737 shares of the savings and loans company’s stock worth $8,931,000 after purchasing an additional 41,338 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Waterstone Financial by 4.9% in the second quarter. Northern Trust Corp now owns 325,500 shares of the savings and loans company’s stock worth $5,550,000 after purchasing an additional 15,143 shares in the last quarter. 58.73% of the stock is owned by institutional investors and hedge funds.

Waterstone Financial Company Profile

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.

Further Reading: Correction

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