Waterstone Financial, Inc. (WSBF) Position Lifted by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 19.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,905 shares of the savings and loans company’s stock after acquiring an additional 13,902 shares during the period. First Trust Advisors LP’s holdings in Waterstone Financial were worth $1,490,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in 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 worth $41,781,000 after acquiring an additional 28,089 shares during the period. California Public Employees Retirement System grew its holdings in Waterstone Financial by 22.5% during the second 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 period. Millennium Management LLC grew its holdings in Waterstone Financial by 41.9% during the second quarter. Millennium Management LLC now owns 32,290 shares of the savings and loans company’s stock worth $551,000 after acquiring an additional 9,534 shares during the period. Northern Trust Corp grew its holdings in Waterstone Financial by 4.9% during the second 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 period. Finally, Citadel Advisors LLC grew its holdings in 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 worth $1,191,000 after acquiring an additional 45,302 shares during the period. 58.16% of the stock is currently owned by hedge funds and other institutional investors.

WSBF opened at $16.27 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.40 and a debt-to-equity ratio of 1.11. The firm has a market cap of $473.95 million, a price-to-earnings ratio of 14.81 and a beta of 0.10. Waterstone Financial, Inc. has a one year low of $15.20 and a one year high of $18.90.

Waterstone Financial (NASDAQ:WSBF) last posted its 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. The company had revenue of $47.91 million for the quarter. Waterstone Financial had a return on equity of 7.64% and a net margin of 14.65%.

A number of analysts have commented on WSBF shares. BidaskClub upgraded Waterstone Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 22nd. ValuEngine upgraded Waterstone Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, UBS Group reiterated a “sell” rating and set a $12.75 target price on shares of Waterstone Financial in a research report on Thursday, August 9th.

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

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

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