Waterstone Financial (WSBF) Downgraded by BidaskClub to Hold

BidaskClub lowered shares of Waterstone Financial (NASDAQ:WSBF) from a buy rating to a hold rating in a research note published on Thursday.

WSBF has been the topic of a number of other reports. ValuEngine lowered Waterstone Financial from a hold rating to a sell rating in a research note on Tuesday, October 2nd. UBS Group reiterated a sell rating and set a $12.75 price objective on shares of Waterstone Financial in a research note on Thursday, August 9th.

Shares of NASDAQ:WSBF traded down $0.13 during midday trading on Thursday, reaching $16.61. 25,600 shares of the company traded hands, compared to its average volume of 50,666. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.40 and a current ratio of 1.59. Waterstone Financial has a 12 month low of $15.20 and a 12 month high of $19.35. The firm has a market cap of $475.97 million, a price-to-earnings ratio of 14.87 and a beta of 0.12.

Waterstone Financial (NASDAQ:WSBF) last released its quarterly earnings data on Tuesday, October 23rd. The savings and loans company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Waterstone Financial had a return on equity of 7.64% and a net margin of 14.65%. The company had revenue of $47.91 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 2nd. Shareholders of record on Friday, October 12th were paid a $0.12 dividend. The ex-dividend date was Thursday, October 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.89%.

In other Waterstone Financial news, COO William F. Bruss sold 3,000 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $17.00, for a total value of $51,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Eric J. Egenhoefer sold 14,551 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $17.00, for a total value of $247,367.00. The disclosure for this sale can be found here. Insiders sold a total of 25,285 shares of company stock worth $429,922 over the last 90 days. Corporate insiders own 12.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in WSBF. Dimensional Fund Advisors LP increased its stake in Waterstone Financial by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,873,262 shares of the savings and loans company’s stock worth $31,939,000 after acquiring an additional 58,289 shares during the last quarter. BlackRock Inc. increased its stake in Waterstone Financial by 3.6% in the 2nd quarter. BlackRock Inc. now owns 1,588,181 shares of the savings and loans company’s stock worth $27,078,000 after acquiring an additional 55,000 shares during the last quarter. Citadel Advisors LLC increased its stake in Waterstone Financial by 184.3% in the 2nd quarter. Citadel Advisors LLC now owns 69,876 shares of the savings and loans company’s stock worth $1,191,000 after acquiring an additional 45,302 shares during the last quarter. Foundry Partners LLC increased its stake in Waterstone Financial by 22.5% in the 2nd quarter. Foundry Partners LLC now owns 231,950 shares of the savings and loans company’s stock worth $3,955,000 after acquiring an additional 42,650 shares during the last quarter. Finally, Seidman Lawrence B increased its stake in Waterstone Financial by 8.6% in the 3rd quarter. Seidman Lawrence B now owns 520,737 shares of the savings and loans company’s stock worth $8,931,000 after acquiring an additional 41,338 shares during the last quarter. Institutional investors and hedge funds own 59.01% of the company’s stock.

About Waterstone Financial

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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