Seidman Lawrence B cut its position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 46.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 429,899 shares of the savings and loans company’s stock after selling 370,000 shares during the quarter. Waterstone Financial accounts for about 5.8% of Seidman Lawrence B’s investment portfolio, making the stock its 8th largest holding. Seidman Lawrence B owned about 1.46% of Waterstone Financial worth $7,565,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in Waterstone Financial by 51.5% during the fourth quarter. American Century Companies Inc. now owns 52,162 shares of the savings and loans company’s stock worth $889,000 after purchasing an additional 17,735 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Waterstone Financial by 24.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 109,208 shares of the savings and loans company’s stock worth $1,862,000 after purchasing an additional 21,772 shares during the last quarter. Foundry Partners LLC lifted its stake in Waterstone Financial by 142.5% during the fourth quarter. Foundry Partners LLC now owns 187,000 shares of the savings and loans company’s stock worth $3,188,000 after purchasing an additional 109,875 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Waterstone Financial by 7.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 122,293 shares of the savings and loans company’s stock worth $2,086,000 after buying an additional 8,251 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Waterstone Financial in the third quarter worth $473,000. Hedge funds and other institutional investors own 59.64% of the company’s stock.
Shares of Waterstone Financial, Inc. (WSBF) opened at $17.10 on Tuesday. Waterstone Financial, Inc. has a 52-week low of $16.60 and a 52-week high of $20.40. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $504.47, a price-to-earnings ratio of 16.60 and a beta of 0.12.
Waterstone Financial (NASDAQ:WSBF) last issued its earnings results on Tuesday, January 30th. The savings and loans company reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Waterstone Financial had a return on equity of 6.97% and a net margin of 13.56%. The firm had revenue of $41.51 million for the quarter.
The business also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Friday, January 12th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.81%. The ex-dividend date was Thursday, January 11th. Waterstone Financial’s dividend payout ratio is presently 51.61%.
Several equities research analysts have weighed in on WSBF shares. Sandler O’Neill lowered Waterstone Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. BidaskClub lowered Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.
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Waterstone Financial 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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