JPMorgan Chase & Co. trimmed its position in Waterstone Financial, Inc. (NASDAQ:WSBF) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,671 shares of the savings and loans company’s stock after selling 6,114 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.61% of Waterstone Financial worth $3,538,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Waterstone Financial by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 125,304 shares of the savings and loans company’s stock valued at $2,362,000 after purchasing an additional 627 shares during the period. Bank of New York Mellon Corp grew its holdings in Waterstone Financial by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 175,474 shares of the savings and loans company’s stock valued at $3,308,000 after purchasing an additional 3,090 shares during the period. Marshall Wace North America L.P. purchased a new stake in Waterstone Financial in the second quarter valued at approximately $195,000. Federated Investors Inc. PA grew its stake in Waterstone Financial by 13,814.9% during the second quarter. Federated Investors Inc. PA now owns 143,184 shares of the savings and loans company’s stock worth $2,699,000 after buying an additional 142,155 shares during the period. Finally, Chicago Equity Partners LLC purchased a new stake in Waterstone Financial during the second quarter worth approximately $677,000. Institutional investors and hedge funds own 59.77% of the company’s stock.
Waterstone Financial, Inc. (NASDAQ:WSBF) opened at $17.25 on Thursday. The company has a market capitalization of $505.74, a P/E ratio of 16.43 and a beta of 0.08. Waterstone Financial, Inc. has a twelve month low of $16.90 and a twelve month high of $20.40. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06.
Waterstone Financial (NASDAQ:WSBF) last issued its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.03). Waterstone Financial had a net margin of 15.14% and a return on equity of 7.11%. The company had revenue of $46.09 million for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Friday, January 12th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.78%. Waterstone Financial’s dividend payout ratio is 45.71%.
A number of analysts have weighed in on WSBF shares. BidaskClub cut shares of Waterstone Financial from a “sell” rating to a “strong sell” rating in a report on Friday, December 29th. Sandler O’Neill set a $19.00 price objective on shares of Waterstone Financial and gave the company a “hold” rating in a research report on Wednesday, January 3rd.
In related news, insider Rebecca M. Arndt sold 6,000 shares of Waterstone Financial stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $19.79, for a total value of $118,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.30% of the company’s stock.
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Waterstone Financial Company Profile
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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