Waterstone Financial, Inc. (NASDAQ:WSBF) Declares Quarterly Dividend of $0.12

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Waterstone Financial, Inc. (NASDAQ:WSBF) announced a quarterly dividend on Tuesday, March 24th, Zacks reports. Investors of record on Friday, April 10th will be given a dividend of 0.12 per share by the savings and loans company on Friday, May 1st. This represents a $0.48 annualized dividend and a yield of 3.26%. The ex-dividend date is Wednesday, April 8th.

Waterstone Financial has a dividend payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Waterstone Financial to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 42.1%.

WSBF traded up $1.33 on Thursday, hitting $14.74. 20,749 shares of the stock were exchanged, compared to its average volume of 228,902. Waterstone Financial has a 12 month low of $12.46 and a 12 month high of $19.48. The business has a 50-day moving average of $16.47 and a two-hundred day moving average of $17.75. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.56 and a quick ratio of 1.36. The firm has a market capitalization of $356.02 million, a price-to-earnings ratio of 10.78 and a beta of 0.14.

Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.34 earnings per share for the quarter. Waterstone Financial had a net margin of 17.06% and a return on equity of 9.25%. The business had revenue of $46.94 million during the quarter. Equities research analysts expect that Waterstone Financial will post 1.19 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the stock. ValuEngine cut shares of Waterstone Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 1st. BidaskClub raised shares of Waterstone Financial from a “sell” rating to a “hold” rating in a report on Tuesday, March 10th.

Waterstone Financial Company 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 offers 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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Dividend History for Waterstone Financial (NASDAQ:WSBF)

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