Waterstone Financial (NASDAQ:WSBF) Director Sells $52,156.80 in Stock

Waterstone Financial, Inc. (NASDAQ:WSBF) Director Douglas Gordon sold 2,880 shares of Waterstone Financial stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $18.11, for a total transaction of $52,156.80. Following the transaction, the director directly owned 556,773 shares in the company, valued at approximately $10,083,159.03. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Waterstone Financial Stock Up 1.0%

Shares of Waterstone Financial stock traded up $0.18 during trading hours on Friday, hitting $18.11. The company’s stock had a trading volume of 9,975 shares, compared to its average volume of 45,828. The business has a fifty day moving average of $17.38 and a 200 day moving average of $15.90. Waterstone Financial, Inc. has a 1-year low of $11.61 and a 1-year high of $18.88. The company has a market capitalization of $334.22 million, a PE ratio of 13.61 and a beta of 0.81.

Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings results on Wednesday, January 28th. The savings and loans company reported $0.44 earnings per share for the quarter. Waterstone Financial had a net margin of 12.08% and a return on equity of 6.99%. The firm had revenue of $37.17 million during the quarter.

Waterstone Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 8th were paid a $0.15 dividend. The ex-dividend date was Thursday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. Waterstone Financial’s dividend payout ratio (DPR) is 45.11%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WSBF. EverSource Wealth Advisors LLC increased its position in shares of Waterstone Financial by 557.9% in the 2nd 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 last quarter. Raymond James Financial Inc. bought a new position in shares of Waterstone Financial during the second quarter worth about $28,000. Larson Financial Group LLC acquired a new position in Waterstone Financial in the third quarter worth about $30,000. Simplex Trading LLC increased its holdings in Waterstone Financial by 69.3% in the fourth quarter. Simplex Trading LLC now owns 2,306 shares of the savings and loans company’s stock valued at $38,000 after buying an additional 944 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Waterstone Financial in the fourth quarter valued at about $126,000. 62.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WSBF has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Waterstone Financial in a report on Monday, December 29th. Wall Street Zen cut Waterstone Financial from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Waterstone Financial presently has an average rating of “Buy”.

Waterstone Financial Company Profile

Waterstone Financial, Inc is a bank holding company based in Glendale, Wisconsin, that provides a broad range of financial services to individuals, businesses and institutions. Its primary operations are conducted through its wholly owned subsidiary, Waterstone Bank, which offers deposit products, loan facilities and treasury management services. The company focuses on delivering relationship-based banking solutions tailored to the needs of small and medium-sized enterprises as well as retail customers.

In addition to traditional commercial and consumer banking, Waterstone Financial supports its clients with specialized financing, including real estate, equipment and asset-based lending.