Waterstone Financial (NASDAQ:WSBF) Stock Price Breaks Below 200 Day Moving Average – Here’s What Happened

Waterstone Financial, Inc. (NASDAQ:WSBF)’s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $19.69 and traded as low as $19.43. Waterstone Financial shares last traded at $20.07, with a volume of 38,528 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WSBF. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waterstone Financial in a report on Wednesday, August 26th. Wall Street Zen downgraded Waterstone Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Waterstone Financial Stock Performance

The company has a fifty day simple moving average of $20.52 and a two-hundred day simple moving average of $19.70. The company has a market capitalization of $358.70 million, a price-to-earnings ratio of 11.60 and a beta of 0.74.

Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings data on Thursday, July 23rd. The savings and loans company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.17). The business had revenue of $40.25 million for the quarter, compared to analyst estimates of $65.80 million. Waterstone Financial had a return on equity of 8.64% and a net margin of 14.57%.

Waterstone Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 8th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, October 8th. Waterstone Financial’s dividend payout ratio (DPR) is presently 39.53%.

Institutional Trading of Waterstone Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc purchased a new position in Waterstone Financial during the second quarter worth approximately $30,000. Corient Private Wealth LP acquired a new position in shares of Waterstone Financial in the 2nd quarter valued at $210,000. Sanctuary Advisors LLC acquired a new position in shares of Waterstone Financial in the 2nd quarter valued at $222,000. Canada Pension Plan Investment Board purchased a new stake in shares of Waterstone Financial during the 2nd quarter valued at $253,000. Finally, Deutsche Bank AG purchased a new stake in shares of Waterstone Financial during the 2nd quarter valued at $307,000. Hedge funds and other institutional investors own 62.71% of the company’s stock.

About Waterstone Financial

Waterstone Financial, Inc is a savings and loan holding company headquartered in Wisconsin. Its principal subsidiary, WaterStone Bank, is a community bank that provides banking and lending services to individuals, families, businesses and real estate investors.

WaterStone Bank offers deposit products such as checking, savings, money market and certificate accounts, along with residential mortgage loans, home equity financing, commercial real estate loans, business loans and consumer lending.