Waterstone Financial (NASDAQ:WSBF) Stock Rating Downgraded by StockNews.com

StockNews.com cut shares by Waterstone Financial (NASDAQ:WSBF – Get an appraisal) from a hold rating to a sell rating in a report released Tuesday morning.

Separately, Zacks Investment Research downgraded shares of Waterstone Financial from a buy rating to a sell rating in a Thursday, April 28 research note.

Waterstone Financial stock opened at $16.63 on Tuesday. The firm’s fifty-day moving average is $18.52. The company has a debt ratio of 1.10, a quick ratio of 1.27 and a current ratio of 1.52. The stock has a market capitalization of $402.40 million, a PE ratio of 7.26 and a beta of 0.43. Waterstone Financial has a fifty-two week low of $15.70 and a fifty-two week high of $22.74.

Waterstone Financial Inc (NASDAQ:WSBF – Get Rating) last released quarterly earnings data on Thursday, April 21. The savings and loan company reported earnings per share of $0.23 for the quarter, missing the consensus estimate of $0.30 per ($0.07). Waterstone Financial posted a net margin of 22.46% and a return on equity of 12.56%. On average, equity research analysts expect Waterstone Financial to post EPS of 1.19 for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 3. Investors of record on Monday, April 11 received a dividend of $0.20 per share. The ex-dividend date was Friday, April 8. This represents an annualized dividend of $0.80 and a yield of 4.81%. Waterstone Financial’s payout ratio is 34.93%.

In other news, manager Michael L. Hansen sold 12,500 shares in a trade that took place on Monday, March 14. The stock was sold at an average price of $19.70, for a total transaction of $246,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Insiders hold 6.70% of the shares of the company.

Several institutional investors have recently bought and sold shares of WSBF. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Waterstone Financial in the third quarter worth approximately $4,509,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Waterstone Financial during the fourth quarter, valued at approximately $3,546,000. Arrowstreet Capital Limited Partnership increased its stake in Waterstone Financial by 25.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 340,534 shares of the savings and loan company worth $6,978,000 after purchasing an additional 70,092 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Waterstone Financial by 2.8% in the third quarter. Renaissance Technologies LLC now owns 1,847,036 shares of the savings and loan company worth $37,846,000 after purchasing an additional 51,100 shares during the period. Finally, Foundry Partners LLC increased its stake in Waterstone Financial shares by 25.4% during the 4th quarter. Foundry Partners LLC now owns 252,435 shares of the savings and loan company valued at $5,518,000 after purchasing an additional 51,065 shares last quarter. Institutional investors hold 67.48% of the company’s shares.

Waterstone Financial Company Profile (Get an assessment)

Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB which provides various financial services to customers in Southeast Wisconsin, USA. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers personal and corporate banking products and services, such as deposit and transaction solutions, including checking accounts, online banking and bill payment services, money transfer services , as well as credit, debit and prepaid cards; investable fund solutions including 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.

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