Waterstone Financial (NASDAQ:WSBF) Shares Break Below Fifty Day Moving Average – Here’s Why

Waterstone Financial, Inc. (NASDAQ:WSBF)’s stock price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $20.25 and traded as low as $19.66. Waterstone Financial shares last traded at $20.16, with a volume of 50,545 shares.

Wall Street Analyst Weigh In

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

Waterstone Financial Stock Performance

The company has a market capitalization of $362.48 million, a price-to-earnings ratio of 11.72 and a beta of 0.76. The company has a 50-day moving average price of $20.25 and a 200-day moving average price of $19.28.

Waterstone Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Thursday, October 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, October 8th. Waterstone Financial’s dividend payout ratio is presently 39.53%.

Institutional Trading of Waterstone Financial

Large investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new position in Waterstone Financial in the 2nd quarter valued at approximately $30,000. D Orazio & Associates Inc. bought a new position in shares of Waterstone Financial during the third quarter worth about $200,000. Corient Private Wealth LP bought a new position in Waterstone Financial during the 2nd quarter worth approximately $210,000. Sanctuary Advisors LLC bought a new stake in shares of Waterstone Financial during the 2nd quarter valued at about $222,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Waterstone Financial during the 2nd quarter worth about $253,000. 62.71% of the stock is owned by institutional investors and hedge funds.

Waterstone Financial Company Profile

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. The bank also provides digital banking and other standard financial services through its branch network and electronic channels.