Waterstone Financial (NASDAQ:WSBF) Rating Lowered to “Hold” at Wall Street Zen

Waterstone Financial (NASDAQ:WSBF) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Waterstone Financial in a report on Monday, December 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Waterstone Financial Trading Up 0.2%

NASDAQ WSBF opened at $17.09 on Friday. The stock has a market cap of $315.48 million, a price-to-earnings ratio of 12.85 and a beta of 0.82. Waterstone Financial has a 12 month low of $11.61 and a 12 month high of $17.22. The company’s 50 day moving average is $15.50 and its two-hundred day moving average is $14.64.

Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings results on Thursday, October 23rd. The savings and loans company reported $0.45 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 $37.04 million for the quarter.

Insider Transactions at Waterstone Financial

In other Waterstone Financial news, Director Michael L. Hansen sold 79,872 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $15.16, for a total value of $1,210,859.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Waterstone Financial

Several large investors have recently added to or reduced their stakes in WSBF. EverSource Wealth Advisors LLC increased its position in shares of Waterstone Financial by 557.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company’s stock valued at $26,000 after purchasing an additional 1,590 shares during the period. Raymond James Financial Inc. bought a new position in shares of Waterstone Financial in the second quarter worth about $28,000. Larson Financial Group LLC acquired a new position in shares of Waterstone Financial during the third quarter valued at about $30,000. Russell Investments Group Ltd. increased its holdings in Waterstone Financial by 297.4% in the 1st quarter. Russell Investments Group Ltd. now owns 3,187 shares of the savings and loans company’s stock valued at $43,000 after buying an additional 2,385 shares during the period. Finally, Gamco Investors INC. ET AL bought a new position in shares of Waterstone Financial during the second quarter valued at $138,000. 62.71% 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 in 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, money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposits, individual retirement accounts, and certificates of deposit; 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, insurance products, and trust and investment management accounts.