Waterstone Financial, Inc. (NASDAQ:WSBF) insider Rebecca M. Arndt sold 6,000 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $19.79, for a total value of $118,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Waterstone Financial, Inc. (NASDAQ:WSBF) opened at 19.95 on Friday. Waterstone Financial, Inc. has a 1-year low of $16.45 and a 1-year high of $20.40. The stock has a 50 day moving average price of $19.09 and a 200-day moving average price of $18.75. The firm has a market cap of $548.35 million, a price-to-earnings ratio of 19.00 and a beta of 0.06.
Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). Waterstone Financial had a return on equity of 7.11% and a net margin of 15.14%. The company had revenue of $46.09 million during the quarter. On average, equities research analysts expect that Waterstone Financial, Inc. will post $1.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 2nd. Shareholders of record on Thursday, October 12th will be given a $0.12 dividend. The ex-dividend date is Wednesday, October 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.41%. Waterstone Financial’s dividend payout ratio is currently 45.71%.
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Large investors have recently made changes to their positions in the business. Marshall Wace North America L.P. acquired a new stake in shares of Waterstone Financial in the second quarter worth about $195,000. Advisor Group Inc. lifted its position in shares of Waterstone Financial by 8.6% in the second quarter. Advisor Group Inc. now owns 10,316 shares of the savings and loans company’s stock worth $195,000 after buying an additional 814 shares during the last quarter. North Star Asset Management Inc. lifted its position in shares of Waterstone Financial by 10.6% in the second quarter. North Star Asset Management Inc. now owns 12,166 shares of the savings and loans company’s stock worth $229,000 after buying an additional 1,166 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Waterstone Financial by 48.0% in the second quarter. Alliancebernstein L.P. now owns 18,800 shares of the savings and loans company’s stock worth $354,000 after buying an additional 6,100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Waterstone Financial by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 19,157 shares of the savings and loans company’s stock worth $360,000 after buying an additional 1,487 shares during the last quarter. 58.97% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on WSBF shares. BidaskClub upgraded Waterstone Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Sandler O’Neill upgraded Waterstone Financial from a “hold” rating to a “buy” rating and lowered their target price for the company from $20.50 to $20.00 in a research note on Thursday, September 7th.
About Waterstone Financial
Waterstone Financial, Inc is the holding company of WaterStone Bank SSB (WaterStone Bank). WaterStone Bank is a community bank. The Company operates in two segments: community banking and mortgage banking. The community banking segment provides consumer and business banking products and services. Its consumer products include loan products, deposit products, and personal investment services.
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