Waterstone Financial (NASDAQ:WSBF) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, ValuEngine reports.
Separately, BidaskClub lowered shares of Waterstone Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 15th.
Waterstone Financial stock traded down $0.05 during trading hours on Monday, reaching $17.34. The stock had a trading volume of 93,037 shares, compared to its average volume of 65,871. The stock has a market cap of $477.54 million, a PE ratio of 15.37 and a beta of 0.08. Waterstone Financial has a 52 week low of $15.20 and a 52 week high of $17.45. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.59 and a quick ratio of 1.35. The company has a fifty day simple moving average of $17.09 and a 200-day simple moving average of $16.79.
Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings results on Wednesday, July 24th. The savings and loans company reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $48.17 million for the quarter. Waterstone Financial had a net margin of 15.55% and a return on equity of 7.76%.
A number of institutional investors have recently made changes to their positions in WSBF. Asset Planning Services Ltd. bought a new stake in Waterstone Financial in the 2nd quarter worth $62,000. Commonwealth Equity Services LLC grew its holdings in Waterstone Financial by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 73,220 shares of the savings and loans company’s stock worth $1,249,000 after acquiring an additional 1,377 shares during the last quarter. Aperio Group LLC grew its holdings in Waterstone Financial by 4.1% in the 2nd quarter. Aperio Group LLC now owns 16,220 shares of the savings and loans company’s stock worth $277,000 after acquiring an additional 638 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Waterstone Financial by 699.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 88,499 shares of the savings and loans company’s stock valued at $1,510,000 after purchasing an additional 77,425 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Waterstone Financial by 8.2% during the 2nd quarter. Swiss National Bank now owns 47,600 shares of the savings and loans company’s stock valued at $812,000 after purchasing an additional 3,600 shares in the last quarter. 59.86% 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 offers 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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