Waterstone Financial (NASDAQ:WSBF) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
WSBF opened at $17.90 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.09. The firm has a market cap of $526.24 million, a P/E ratio of 17.26 and a beta of 0.09. Waterstone Financial has a 52 week low of $16.60 and a 52 week high of $20.05.
Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings data on Thursday, April 26th. The savings and loans company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $38.32 million for the quarter. Waterstone Financial had a return on equity of 7.13% and a net margin of 13.73%.
In related news, CFO Mark Raymond Gerke sold 3,500 shares of the stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $17.58, for a total transaction of $61,530.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO William F. Bruss sold 4,600 shares of the stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $17.45, for a total value of $80,270.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,044 shares of company stock worth $210,623. Corporate insiders own 12.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of WSBF. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Waterstone Financial during the fourth quarter valued at $5,200,000. Dimensional Fund Advisors LP boosted its stake in shares of Waterstone Financial by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,814,973 shares of the savings and loans company’s stock valued at $31,399,000 after acquiring an additional 78,579 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Waterstone Financial by 139.1% during the fourth quarter. Deutsche Bank AG now owns 116,560 shares of the savings and loans company’s stock valued at $1,984,000 after acquiring an additional 67,817 shares during the last quarter. Seidman Lawrence B boosted its stake in shares of Waterstone Financial by 11.6% during the first quarter. Seidman Lawrence B now owns 479,899 shares of the savings and loans company’s stock valued at $8,541,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Context BH Capital Management LP boosted its stake in Waterstone Financial by 28.8% in the 4th quarter. Context BH Capital Management LP now owns 184,167 shares of the savings and loans company’s stock worth $3,140,000 after buying an additional 41,127 shares during the last quarter. 59.55% of the stock is currently owned by institutional investors and hedge funds.
Waterstone Financial Company Profile
Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates through two segments, Community Banking and Mortgage Banking. The Community Banking segment provides consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, and money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposit, and individual retirement accounts, as well as certificates of deposit; lending solutions consisting of residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; and fixed and variable annuities, and insurance products, as well as trust and investment management accounts.
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