Waterstone Financial, Inc. (NASDAQ:WSBF) Director Stephen J. Schmidt Sells 3,097 Shares

Waterstone Financial, Inc. (NASDAQ:WSBF) Director Stephen J. Schmidt sold 3,097 shares of Waterstone Financial stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $13.75, for a total transaction of $42,583.75. Following the completion of the sale, the director now owns 70,078 shares of the company’s stock, valued at $963,572.50. This represents a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Waterstone Financial Price Performance

NASDAQ WSBF opened at $13.59 on Friday. The company has a 50-day moving average price of $13.72 and a 200-day moving average price of $14.43. Waterstone Financial, Inc. has a 52 week low of $10.60 and a 52 week high of $16.86. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $263.24 million, a P/E ratio of 13.46 and a beta of 0.64.

Waterstone Financial (NASDAQ:WSBF) last announced its earnings results on Tuesday, January 28th. The savings and loans company reported $0.28 EPS for the quarter. Waterstone Financial had a net margin of 9.23% and a return on equity of 5.75%.

Waterstone Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Wednesday, January 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.42%. The ex-dividend date was Wednesday, January 8th. Waterstone Financial’s dividend payout ratio is presently 59.41%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WSBF. Empowered Funds LLC raised its stake in Waterstone Financial by 5.0% during the 4th quarter. Empowered Funds LLC now owns 77,773 shares of the savings and loans company’s stock worth $1,045,000 after acquiring an additional 3,705 shares during the period. State Street Corp raised its holdings in Waterstone Financial by 0.8% during the third quarter. State Street Corp now owns 462,234 shares of the savings and loans company’s stock valued at $6,795,000 after acquiring an additional 3,799 shares during the period. Jane Street Group LLC lifted its position in shares of Waterstone Financial by 33.6% in the third quarter. Jane Street Group LLC now owns 29,082 shares of the savings and loans company’s stock valued at $428,000 after acquiring an additional 7,310 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Waterstone Financial by 79.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,108 shares of the savings and loans company’s stock worth $457,000 after purchasing an additional 13,819 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Waterstone Financial by 242.1% in the 3rd quarter. Barclays PLC now owns 20,824 shares of the savings and loans company’s stock worth $306,000 after purchasing an additional 14,737 shares in the last quarter. 62.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Waterstone Financial from a “hold” rating to a “buy” rating in a research note on Tuesday.

About Waterstone Financial

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.