Bank of America Corp DE Raises Holdings in Waterstone Financial, Inc. (WSBF)

Bank of America Corp DE grew its holdings in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 48.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 23,130 shares of the savings and loans company’s stock after buying an additional 7,587 shares during the period. Bank of America Corp DE’s holdings in Waterstone Financial were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Great West Life Assurance Co. Can boosted its position in Waterstone Financial by 1,439.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,587 shares of the savings and loans company’s stock worth $58,000 after purchasing an additional 3,354 shares during the period. MetLife Investment Advisors LLC boosted its position in Waterstone Financial by 69.1% during the third quarter. MetLife Investment Advisors LLC now owns 18,429 shares of the savings and loans company’s stock worth $316,000 after purchasing an additional 7,529 shares during the period. Rhumbline Advisers boosted its position in shares of Waterstone Financial by 45.4% in the fourth quarter. Rhumbline Advisers now owns 36,164 shares of the savings and loans company’s stock valued at $606,000 after acquiring an additional 11,287 shares during the period. Bessemer Group Inc. boosted its position in shares of Waterstone Financial by 20.2% in the fourth quarter. Bessemer Group Inc. now owns 48,700 shares of the savings and loans company’s stock valued at $816,000 after acquiring an additional 8,200 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Waterstone Financial by 4.6% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 55,798 shares of the savings and loans company’s stock valued at $935,000 after acquiring an additional 2,440 shares during the period. Hedge funds and other institutional investors own 59.30% of the company’s stock.

WSBF stock opened at $16.69 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. Waterstone Financial, Inc. has a 12 month low of $15.20 and a 12 month high of $18.10. The company has a market capitalization of $469.82 million, a PE ratio of 15.17 and a beta of 0.08.

Waterstone Financial (NASDAQ:WSBF) last released its quarterly earnings data on Tuesday, April 23rd. The savings and loans company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Waterstone Financial had a net margin of 15.71% and a return on equity of 7.62%. The company had revenue of $37.19 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, April 12th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.88%.

Separately, BidaskClub lowered shares of Waterstone Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, April 5th.

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Waterstone Financial 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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Institutional Ownership by Quarter for Waterstone Financial (NASDAQ:WSBF)

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