Rebecca M. Arndt Sells 6,000 Shares of Waterstone Financial, Inc. (WSBF) Stock

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%.

COPYRIGHT VIOLATION WARNING: “Rebecca M. Arndt Sells 6,000 Shares of Waterstone Financial, Inc. (WSBF) Stock” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/28/rebecca-m-arndt-sells-6000-shares-of-waterstone-financial-inc-wsbf-stock.html.

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.

Receive News & Ratings for Waterstone Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waterstone Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply