Waterstone Financial (NASDAQ:WSBF) Raised to Sell at BidaskClub

Waterstone Financial (NASDAQ:WSBF) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Wednesday, March 27th, BidAskClub reports.

WSBF traded down $0.17 during trading on Wednesday, reaching $16.15. 35,043 shares of the company traded hands, compared to its average volume of 75,341. Waterstone Financial has a 12-month low of $15.20 and a 12-month high of $18.10. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.53 and a quick ratio of 1.40. The firm has a market cap of $452.26 million, a P/E ratio of 14.55 and a beta of 0.08.

Waterstone Financial (NASDAQ:WSBF) last posted its earnings results on Wednesday, January 30th. The savings and loans company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The business had revenue of $39.10 million during the quarter. Waterstone Financial had a net margin of 16.03% and a return on equity of 7.66%.

Several large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of Waterstone Financial by 719.3% during the first quarter. Nisa Investment Advisors LLC now owns 4,670 shares of the savings and loans company’s stock worth $77,000 after purchasing an additional 4,100 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Waterstone Financial by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 368,040 shares of the savings and loans company’s stock worth $6,168,000 after purchasing an additional 10,236 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Waterstone Financial by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,988,431 shares of the savings and loans company’s stock valued at $33,326,000 after acquiring an additional 55,520 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Waterstone Financial in the fourth quarter valued at about $43,000. Finally, Legal & General Group Plc raised its holdings in shares of Waterstone Financial by 16.9% in the fourth quarter. Legal & General Group Plc now owns 4,721 shares of the savings and loans company’s stock valued at $79,000 after acquiring an additional 684 shares in the last quarter. Institutional investors and hedge funds own 59.26% of the company’s stock.

Waterstone Financial Company Profile

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 through 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, and money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposit, and individual retirement accounts, as well as certificates of deposit; lending solutions consisting of 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, and insurance products, as well as trust and investment management accounts.

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