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

Waterstone Financial, Inc. (NASDAQ:WSBF) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders of record on Tuesday, April 8th will be paid a dividend of 0.15 per share by the savings and loans company on Thursday, May 1st. This represents a $0.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Tuesday, April 8th.

Waterstone Financial has decreased its dividend by an average of 9.1% annually over the last three years.

Waterstone Financial Trading Up 1.1 %

NASDAQ WSBF opened at $12.71 on Friday. The stock’s 50 day moving average is $13.82 and its 200 day moving average is $14.23. 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 $245.56 million, a PE ratio of 12.58 and a beta of 0.64. Waterstone Financial has a twelve month low of $10.60 and a twelve month high of $16.86.

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

Insider Activity

In related news, Director Stephen J. Schmidt sold 14,928 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $13.80, for a total value of $206,006.40. Following the transaction, the director now directly owns 70,078 shares of the company’s stock, valued at approximately $967,076.40. This represents a 17.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Raymond Gerke sold 2,738 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $14.14, for a total value of $38,715.32. Following the sale, the chief financial officer now owns 30,334 shares in the company, valued at approximately $428,922.76. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,669 shares of company stock worth $929,283 over the last three months. 8.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.