Waterstone Financial, Inc. (NASDAQ:WSBF) Announces $0.15 Quarterly Dividend

Waterstone Financial, Inc. (NASDAQ:WSBFGet Free Report) announced a quarterly dividend on Thursday, March 21st, Zacks reports. Investors of record on Monday, April 8th will be given a dividend of 0.15 per share by the savings and loans company on Wednesday, May 1st. This represents a $0.60 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Friday, April 5th.

Waterstone Financial has raised its dividend payment by an average of 16.0% per year over the last three years.

Waterstone Financial Stock Down 2.4 %

WSBF stock opened at $11.67 on Wednesday. The company has a market cap of $233.98 million, a P/E ratio of 25.37 and a beta of 0.59. Waterstone Financial has a 52 week low of $9.62 and a 52 week high of $15.56. The company’s 50-day moving average price is $12.38 and its 200 day moving average price is $12.23. The company has a current ratio of 1.55, a quick ratio of 1.41 and a debt-to-equity ratio of 1.78.

Institutional Trading of Waterstone Financial

Several institutional investors and hedge funds have recently modified their holdings of WSBF. Swiss National Bank lifted its holdings in shares of Waterstone Financial by 6.6% in the first quarter. Swiss National Bank now owns 50,100 shares of the savings and loans company’s stock valued at $969,000 after purchasing an additional 3,100 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Waterstone Financial by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 192,692 shares of the savings and loans company’s stock valued at $3,726,000 after buying an additional 4,600 shares during the last quarter. American Century Companies Inc. raised its position in shares of Waterstone Financial by 27.9% in the first quarter. American Century Companies Inc. now owns 102,043 shares of the savings and loans company’s stock valued at $1,974,000 after buying an additional 22,256 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Waterstone Financial in the first quarter valued at approximately $1,100,000. Finally, MetLife Investment Management LLC raised its position in shares of Waterstone Financial by 48.2% in the first quarter. MetLife Investment Management LLC now owns 12,373 shares of the savings and loans company’s stock valued at $239,000 after buying an additional 4,022 shares during the last quarter. Hedge funds and other institutional investors own 62.71% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Waterstone Financial from a “sell” rating to a “hold” rating in a report on Friday, December 15th.

Read Our Latest Report on WSBF

About Waterstone Financial

(Get Free Report)

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 in 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, money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposits, individual retirement accounts, and certificates of deposit; 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, insurance products, and trust and investment management accounts.

Further Reading

Dividend History for Waterstone Financial (NASDAQ:WSBF)

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