Waterstone Financial (WSBF) Rating Increased to Hold at ValuEngine

Waterstone Financial (NASDAQ:WSBF) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday.

Other research analysts have also recently issued reports about the company. BidaskClub raised Waterstone Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 14th. UBS Group reissued a “sell” rating and issued a $12.75 price target on shares of Waterstone Financial in a report on Thursday, August 9th.

NASDAQ WSBF opened at $16.68 on Wednesday. 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 company has a market capitalization of $481.45 million, a P/E ratio of 15.05 and a beta of 0.12.

Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings results on Tuesday, October 23rd. The savings and loans company reported $0.31 EPS for the quarter, topping the Zacks’ 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 for the quarter.

In other Waterstone Financial news, Director Ellen Syburg Bartel sold 7,734 shares of Waterstone Financial stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $17.01, for a total value of $131,555.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 12.00% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its stake in Waterstone Financial by 18.8% in the 2nd quarter. First Trust Advisors LP now owns 73,003 shares of the savings and loans company’s stock worth $1,245,000 after acquiring an additional 11,548 shares during the last quarter. Renaissance Technologies LLC increased its stake in Waterstone Financial by 1.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,450,474 shares of the savings and loans company’s stock worth $41,781,000 after acquiring an additional 28,089 shares during the last quarter. California Public Employees Retirement System increased its stake in Waterstone Financial by 22.5% in the 2nd quarter. California Public Employees Retirement System now owns 60,355 shares of the savings and loans company’s stock worth $1,029,000 after acquiring an additional 11,091 shares during the last quarter. Northern Trust Corp increased its stake in Waterstone Financial by 4.9% in the 2nd quarter. Northern Trust Corp now owns 325,500 shares of the savings and loans company’s stock worth $5,550,000 after acquiring an additional 15,143 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. 58.73% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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