Ieq Capital LLC Acquires Shares of 31,878 Waterstone Financial, Inc. $WSBF

Ieq Capital LLC acquired a new stake in Waterstone Financial, Inc. (NASDAQ:WSBF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,878 shares of the savings and loans company’s stock, valued at approximately $661,000. Ieq Capital LLC owned 0.18% of Waterstone Financial at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WSBF. Barclays PLC raised its stake in Waterstone Financial by 2.5% in the fourth quarter. Barclays PLC now owns 30,924 shares of the savings and loans company’s stock valued at $512,000 after purchasing an additional 750 shares in the last quarter. Simplex Trading LLC raised its position in shares of Waterstone Financial by 69.3% in the 4th quarter. Simplex Trading LLC now owns 2,306 shares of the savings and loans company’s stock valued at $38,000 after buying an additional 944 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Waterstone Financial by 557.9% in 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 buying an additional 1,590 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Waterstone Financial by 6.7% during the 2nd quarter. Rhumbline Advisers now owns 26,848 shares of the savings and loans company’s stock worth $371,000 after acquiring an additional 1,676 shares during the period. Finally, Larson Financial Group LLC bought a new stake in shares of Waterstone Financial during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 62.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WSBF. Wall Street Zen cut shares of Waterstone Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Waterstone Financial in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Waterstone Financial presently has an average rating of “Buy”.

Waterstone Financial Price Performance

Waterstone Financial stock opened at $21.07 on Friday. The company has a market capitalization of $378.84 million, a PE ratio of 12.25 and a beta of 0.71. Waterstone Financial, Inc. has a 12-month low of $14.52 and a 12-month high of $21.50. The firm’s fifty day moving average is $20.40 and its 200 day moving average is $19.01.

Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings results on Thursday, July 23rd. The savings and loans company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.17). Waterstone Financial had a return on equity of 8.64% and a net margin of 14.57%.The company had revenue of $40.25 million during the quarter, compared to analyst estimates of $65.80 million.

Waterstone Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, July 8th. Waterstone Financial’s dividend payout ratio (DPR) is currently 39.53%.

Waterstone Financial Company Profile

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.