Waterstone Financial, Inc. (NASDAQ:WSBF – Get Rating) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.16 and traded as low as $13.68. Waterstone Financial shares last traded at $13.75, with a volume of 80,499 shares trading hands.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on WSBF. TheStreet lowered Waterstone Financial from a "b-" rating to a "c+" rating in a research note on Friday, March 10th. StockNews.com upgraded Waterstone Financial from a "sell" rating to a "hold" rating in a research report on Monday, April 24th.
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The company has a market capitalization of $301.54 million, a PE ratio of 18.33 and a beta of 0.43. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $15.02 and a two-hundred day moving average price of $16.16.
Waterstone Financial (NASDAQ:WSBF – Get Rating) last posted its earnings results on Tuesday, April 25th. The savings and loans company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. Waterstone Financial had a return on equity of 4.33% and a net margin of 9.54%. The business had revenue of $32.35 million during the quarter, compared to analysts' expectations of $28.20 million. Analysts predict that Waterstone Financial, Inc. will post 0.92 EPS for the current fiscal year.
Waterstone Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 2nd. Investors of record on Monday, April 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.82%. The ex-dividend date is Thursday, April 6th. Waterstone Financial's payout ratio is 106.67%.
Hedge Funds Weigh In On Waterstone Financial
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Waterstone Financial by 4.7% during the first quarter. Vanguard Group Inc. now owns 1,113,021 shares of the savings and loans company's stock worth $21,526,000 after buying an additional 49,723 shares in the last quarter. State Street Corp grew its position in Waterstone Financial by 2.0% during the third quarter. State Street Corp now owns 658,008 shares of the savings and loans company's stock worth $10,633,000 after buying an additional 12,765 shares in the last quarter. rhino investment partners Inc purchased a new position in shares of Waterstone Financial in the 4th quarter worth about $7,493,000. AQR Capital Management LLC boosted its holdings in shares of Waterstone Financial by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 199,849 shares of the savings and loans company's stock worth $3,407,000 after purchasing an additional 20,357 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Waterstone Financial by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 192,692 shares of the savings and loans company's stock worth $3,726,000 after purchasing an additional 4,600 shares in the last quarter. 54.53% of the stock is currently owned by hedge funds and other institutional investors.
Waterstone Financial Company Profile
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Waterstone Financial, Inc operates as a loan holding company, which provides principal lending activities. The firm operates through the following segments: Community Banking and Mortgage Banking. The Community Banking segment provides consumer and business banking products and services to customers primarily within Southeastern Wisconsin.
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