BidaskClub Upgrades Waterstone Financial (WSBF) to Hold

Waterstone Financial (NASDAQ:WSBF) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Sandler O’Neill set a $19.00 target price on Waterstone Financial and gave the stock a “hold” rating in a report on Wednesday, January 3rd.

Waterstone Financial (NASDAQ WSBF) opened at $17.55 on Thursday. Waterstone Financial has a twelve month low of $16.60 and a twelve month 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 stock has a market capitalization of $513.32, a P/E ratio of 18.87 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 (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.21. Waterstone Financial had a return on equity of 6.97% and a net margin of 13.56%. The business had revenue of $41.51 million during the quarter.

Several institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings in Waterstone Financial by 1.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,400,174 shares of the savings and loans company’s stock valued at $40,923,000 after purchasing an additional 36,700 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Waterstone Financial by 4.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,691,782 shares of the savings and loans company’s stock valued at $32,990,000 after purchasing an additional 75,395 shares in the last quarter. BlackRock Inc. increased its holdings in Waterstone Financial by 1.2% during the 4th quarter. BlackRock Inc. now owns 1,542,871 shares of the savings and loans company’s stock valued at $26,307,000 after purchasing an additional 19,029 shares in the last quarter. Vanguard Group Inc. increased its holdings in Waterstone Financial by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,104,596 shares of the savings and loans company’s stock valued at $20,822,000 after purchasing an additional 12,199 shares in the last quarter. Finally, State Street Corp increased its holdings in Waterstone Financial by 2.9% during the 2nd quarter. State Street Corp now owns 624,097 shares of the savings and loans company’s stock valued at $11,760,000 after purchasing an additional 17,847 shares in the last quarter. 58.76% of the stock is owned by institutional investors and hedge funds.

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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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