Waterstone Financial, Inc. (WSBF) to Issue Quarterly Dividend of $0.17 on May 1st

Waterstone Financial, Inc. (NASDAQ:WSBF) announced a quarterly dividend on Tuesday, March 17th. Investors of record on Wednesday, April 8th will be paid a dividend of 0.17 per share by the savings and loans company on Friday, May 1st. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, April 8th. This is a 13.3% increase from Waterstone Financial’s previous quarterly dividend of $0.15.

Waterstone Financial has decreased its dividend payment by an average of 0.1%annually over the last three years.

Waterstone Financial Stock Performance

WSBF stock opened at $17.66 on Thursday. Waterstone Financial has a 1-year low of $11.61 and a 1-year high of $18.88. The company has a current ratio of 1.30, a quick ratio of 1.20 and a debt-to-equity ratio of 1.18. The firm has a market cap of $324.24 million, a PE ratio of 11.85 and a beta of 0.81. The business’s 50-day moving average price is $17.80 and its two-hundred day moving average price is $16.39.

Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings results on Wednesday, January 28th. The savings and loans company reported $0.44 earnings per share (EPS) for the quarter. The company had revenue of $37.17 million during the quarter. Waterstone Financial had a return on equity of 7.67% and a net margin of 13.12%.

Insider Transactions at Waterstone Financial

In other Waterstone Financial news, Director Douglas S. Gordon sold 18,716 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $18.25, for a total value of $341,567.00. Following the sale, the director owned 566,418 shares in the company, valued at approximately $10,337,128.50. The trade was a 3.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Julie Ann Glynn sold 20,929 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $18.19, for a total value of $380,698.51. Following the transaction, the executive vice president directly owned 9,071 shares of the company’s stock, valued at approximately $165,001.49. This trade represents a 69.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 106,780 shares of company stock valued at $1,967,486 over the last three months. Company insiders own 7.40% of the company’s stock.

Institutional Trading of Waterstone Financial

A number of institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. bought a new position in shares of Waterstone Financial in the 4th quarter valued at about $2,115,000. Fourthstone LLC raised its holdings in Waterstone Financial by 55.3% during the fourth quarter. Fourthstone LLC now owns 199,702 shares of the savings and loans company’s stock worth $3,305,000 after acquiring an additional 71,143 shares in the last quarter. Teton Advisors LLC bought a new stake in Waterstone Financial during the third quarter worth about $920,000. Arrowstreet Capital Limited Partnership boosted its position in Waterstone Financial by 30.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 190,766 shares of the savings and loans company’s stock valued at $2,634,000 after purchasing an additional 44,618 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in Waterstone Financial by 265.6% during the second quarter. Hsbc Holdings PLC now owns 55,028 shares of the savings and loans company’s stock valued at $768,000 after purchasing an additional 39,978 shares during the last quarter. Institutional investors own 62.71% of the company’s stock.

About Waterstone Financial

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.