Waterstone Financial (NASDAQ:WSBF) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Waterstone Financial, Inc. (NASDAQ:WSBF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.00 and traded as high as $15.36. Waterstone Financial shares last traded at $15.26, with a volume of 41,565 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Waterstone Financial in a research note on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Waterstone Financial has an average rating of “Hold”.

Waterstone Financial Price Performance

The stock has a market capitalization of $285.04 million, a price-to-earnings ratio of 11.47 and a beta of 0.81. The stock has a 50-day moving average of $15.17 and a 200 day moving average of $14.00.

Waterstone Financial (NASDAQ:WSBF) last released its earnings results on Thursday, October 23rd. The savings and loans company reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $37.04 million for the quarter. Waterstone Financial had a net margin of 12.08% and a return on equity of 7.02%.

Waterstone Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Wednesday, October 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.9%. The ex-dividend date was Wednesday, October 8th. Waterstone Financial’s dividend payout ratio is currently 45.11%.

Insider Buying and Selling

In other Waterstone Financial news, Director Michael L. Hansen sold 79,872 shares of Waterstone Financial stock in a transaction on Monday, October 27th. The shares were sold at an average price of $15.16, for a total transaction of $1,210,859.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 228,987 shares of company stock worth $3,302,359. 8.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in shares of Waterstone Financial by 557.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company’s stock worth $26,000 after purchasing an additional 1,590 shares during the period. Raymond James Financial Inc. bought a new position in Waterstone Financial during the second quarter worth about $28,000. Russell Investments Group Ltd. grew its position in shares of Waterstone Financial by 297.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,187 shares of the savings and loans company’s stock worth $43,000 after buying an additional 2,385 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of Waterstone Financial during the 2nd quarter worth about $138,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Waterstone Financial in the 2nd quarter valued at about $143,000. 62.71% of the stock is currently owned by institutional investors.

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 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.