Seidman Lawrence B Has $8.93 Million Holdings in Waterstone Financial, Inc. (WSBF)

Seidman Lawrence B grew its holdings in Waterstone Financial, Inc. (NASDAQ:WSBF) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 520,737 shares of the savings and loans company’s stock after purchasing an additional 41,338 shares during the quarter. Waterstone Financial comprises about 6.8% of Seidman Lawrence B’s investment portfolio, making the stock its 6th largest position. Seidman Lawrence B owned 1.81% of Waterstone Financial worth $8,931,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of WSBF. Foundry Partners LLC lifted its stake in shares of Waterstone Financial by 22.5% during the second quarter. Foundry Partners LLC now owns 231,950 shares of the savings and loans company’s stock valued at $3,955,000 after acquiring an additional 42,650 shares during the period. First Trust Advisors LP lifted its stake in shares of Waterstone Financial by 18.8% during the second quarter. First Trust Advisors LP now owns 73,003 shares of the savings and loans company’s stock valued at $1,245,000 after acquiring an additional 11,548 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Waterstone Financial by 1.2% during the second quarter. Renaissance Technologies LLC now owns 2,450,474 shares of the savings and loans company’s stock valued at $41,781,000 after acquiring an additional 28,089 shares during the period. Citadel Advisors LLC lifted its stake in shares of Waterstone Financial by 184.3% during the second quarter. Citadel Advisors LLC now owns 69,876 shares of the savings and loans company’s stock valued at $1,191,000 after acquiring an additional 45,302 shares during the period. Finally, Millennium Management LLC increased its holdings in Waterstone Financial by 41.9% in the second quarter. Millennium Management LLC now owns 32,290 shares of the savings and loans company’s stock valued at $551,000 after purchasing an additional 9,534 shares during the last quarter. 60.03% of the stock is currently owned by institutional investors.

In other Waterstone Financial news, Director Ellen Syburg Bartel sold 7,734 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $17.01, for a total value of $131,555.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William F. Bruss sold 3,000 shares of the 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 disclosure for this sale can be found here. 12.00% of the stock is owned by corporate insiders.

A number of research firms recently commented on WSBF. BidaskClub upgraded Waterstone Financial from a “hold” rating to a “buy” rating in a report on Friday, October 12th. UBS Group reiterated a “sell” rating and issued a $12.75 price objective on shares of Waterstone Financial in a report on Thursday, August 9th. Finally, ValuEngine downgraded Waterstone Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

Shares of Waterstone Financial stock opened at $16.67 on Thursday. Waterstone Financial, Inc. has a 1 year low of $15.20 and a 1 year high of $19.35. The stock has a market capitalization of $476.55 million, a price-to-earnings ratio of 14.89 and a beta of 0.12. The company has a quick ratio of 1.40, a current ratio of 1.59 and a debt-to-equity ratio of 1.11.

Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings results on Tuesday, October 23rd. The savings and loans company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 2nd. Shareholders of record on Friday, October 12th were issued a $0.12 dividend. The ex-dividend date was Thursday, October 11th. This represents a $0.48 annualized dividend and a dividend yield of 2.88%.

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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.

Further Reading: Cash Flow Analysis in Stock Selection

Institutional Ownership by Quarter for Waterstone Financial (NASDAQ:WSBF)

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