Waterstone Financial (NASDAQ:WSBF) Posts Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Waterstone Financial (NASDAQ:WSBF) released its quarterly earnings results on Friday. The savings and loans company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.30), FiscalAI reports. Waterstone Financial had a net margin of 14.57% and a return on equity of 8.64%. The firm had revenue of $35.71 million for the quarter, compared to analysts’ expectations of $65.80 million.

Waterstone Financial Trading Down 0.5%

Waterstone Financial stock traded down $0.10 during trading on Friday, hitting $20.04. The company had a trading volume of 40,677 shares, compared to its average volume of 66,119. The stock has a market cap of $360.32 million, a price-to-earnings ratio of 11.65 and a beta of 0.76. Waterstone Financial has a 1-year low of $15.11 and a 1-year high of $21.66. The company’s 50 day simple moving average is $20.22 and its 200-day simple moving average is $19.31.

Waterstone Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.4%. Waterstone Financial’s dividend payout ratio (DPR) is presently 39.53%.

Wall Street Analysts Forecast Growth

WSBF has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Waterstone Financial in a research report on Wednesday, August 26th. Wall Street Zen lowered Waterstone Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Waterstone Financial Company Profile

Waterstone Financial, Inc. is a bank holding company based in Wauwatosa, Wisconsin. Its principal subsidiary, WaterStone Bank, provides personal and business banking services, including deposit accounts, mortgage loans, home equity financing and other lending products. WaterStone Financial also operates Waterstone Mortgage Corporation, which originates residential mortgage loans. Together, the businesses serve customers through community banking in southeastern Wisconsin and mortgage lending in a broader range of markets.