Waterstone Financial, Inc. Declares Quarterly Dividend of $0.15 (NASDAQ:WSBF)

Waterstone Financial, Inc. (NASDAQ:WSBFGet Free Report) announced a quarterly dividend on Thursday, March 21st, Zacks reports. Stockholders of record on Monday, April 8th will be given a dividend of 0.15 per share by the savings and loans company on Wednesday, May 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Friday, April 5th.

Waterstone Financial has increased its dividend payment by an average of 16.0% annually over the last three years.

Waterstone Financial Price Performance

WSBF opened at $11.67 on Wednesday. The stock has a fifty day moving average of $12.38 and a 200-day moving average of $12.23. The firm has a market capitalization of $233.98 million, a P/E ratio of 25.37 and a beta of 0.59. Waterstone Financial has a 12-month low of $9.62 and a 12-month high of $15.56. The company has a quick ratio of 1.41, a current ratio of 1.55 and a debt-to-equity ratio of 1.78.

Institutional Trading of Waterstone Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in Waterstone Financial by 1,979.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,327 shares of the savings and loans company’s stock worth $47,000 after buying an additional 3,167 shares during the last quarter. BNP Paribas Arbitrage SNC increased its position in Waterstone Financial by 293.7% during the first quarter. BNP Paribas Arbitrage SNC now owns 4,433 shares of the savings and loans company’s stock worth $67,000 after buying an additional 3,307 shares during the last quarter. Barclays PLC increased its position in Waterstone Financial by 252.9% during the fourth quarter. Barclays PLC now owns 5,082 shares of the savings and loans company’s stock worth $87,000 after buying an additional 3,642 shares during the last quarter. BNP Paribas Financial Markets increased its position in Waterstone Financial by 71.1% during the fourth quarter. BNP Paribas Financial Markets now owns 5,155 shares of the savings and loans company’s stock worth $73,000 after buying an additional 2,142 shares during the last quarter. Finally, Citigroup Inc. increased its position in Waterstone Financial by 1,075.1% during the second quarter. Citigroup Inc. now owns 5,570 shares of the savings and loans company’s stock worth $81,000 after buying an additional 5,096 shares during the last quarter. 62.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Waterstone Financial from a “sell” rating to a “hold” rating in a report on Friday, December 15th.

Read Our Latest Research Report on WSBF

About Waterstone Financial

(Get Free Report)

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.

See Also

Dividend History for Waterstone Financial (NASDAQ:WSBF)

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