Waterstone Financial (NASDAQ:WSBF) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Waterstone Financial, Inc. (NASDAQ:WSBF)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.08 and traded as high as $20.93. Waterstone Financial shares last traded at $20.89, with a volume of 100,134 shares traded.

Wall Street Analyst Weigh In

WSBF has been the topic of a number of research reports. Wall Street Zen downgraded shares of Waterstone Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Waterstone Financial in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Waterstone Financial Stock Performance

The business’s fifty day moving average is $18.83 and its two-hundred day moving average is $18.10. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $371.83 million, a PE ratio of 12.41 and a beta of 0.71.

Waterstone Financial (NASDAQ:WSBF) last released its quarterly earnings data on Thursday, April 23rd. The savings and loans company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.32). Waterstone Financial had a net margin of 14.28% and a return on equity of 8.48%. The business had revenue of $35.69 million for the quarter, compared to the consensus estimate of $65.80 million.

Waterstone Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 8th will be given a $0.17 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.68 annualized dividend and a yield of 3.3%. Waterstone Financial’s dividend payout ratio (DPR) is currently 40.96%.

Insiders Place Their Bets

In other news, CFO Mark Raymond Gerke sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $18.34, for a total value of $183,400.00. Following the completion of the sale, the chief financial officer directly owned 30,034 shares of the company’s stock, valued at $550,823.56. This trade represents a 24.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.00% of the stock is owned by insiders.

Institutional Trading of Waterstone Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in Waterstone Financial by 557.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company’s stock worth $26,000 after buying an additional 1,590 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Waterstone Financial in the 2nd quarter worth about $28,000. Larson Financial Group LLC bought a new stake in shares of Waterstone Financial in the 3rd quarter worth about $30,000. Simplex Trading LLC boosted its stake in shares of Waterstone Financial by 69.3% during the 4th quarter. Simplex Trading LLC now owns 2,306 shares of the savings and loans company’s stock worth $38,000 after purchasing an additional 944 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Waterstone Financial during the 4th quarter worth about $126,000. Hedge funds and other 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.