Waterstone Financial (NASDAQ:WSBF) Downgraded by BidaskClub

BidaskClub cut shares of Waterstone Financial (NASDAQ:WSBF) from a hold rating to a sell rating in a report published on Friday morning, BidAskClub reports.

NASDAQ WSBF opened at $16.84 on Friday. Waterstone Financial has a one year low of $15.20 and a one year high of $18.10. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $471.22 million, a PE ratio of 15.31 and a beta of 0.08.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 12th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Thursday, July 11th.

In other Waterstone Financial news, Director Ellen Syburg Bartel sold 7,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $16.56, for a total transaction of $115,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William F. Bruss sold 2,250 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $16.60, for a total transaction of $37,350.00. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its stake in Waterstone Financial by 16.9% during the 4th quarter. Legal & General Group Plc now owns 4,721 shares of the savings and loans company’s stock valued at $79,000 after purchasing an additional 684 shares during the period. Keeley Teton Advisors LLC boosted its stake in Waterstone Financial by 5.9% during the 1st quarter. Keeley Teton Advisors LLC now owns 18,000 shares of the savings and loans company’s stock valued at $296,000 after purchasing an additional 1,000 shares during the period. Context BH Capital Management LP boosted its stake in Waterstone Financial by 0.4% during the 1st quarter. Context BH Capital Management LP now owns 330,675 shares of the savings and loans company’s stock valued at $5,443,000 after purchasing an additional 1,200 shares during the period. California Public Employees Retirement System boosted its stake in Waterstone Financial by 2.9% during the 4th quarter. California Public Employees Retirement System now owns 62,744 shares of the savings and loans company’s stock valued at $1,052,000 after purchasing an additional 1,766 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Waterstone Financial by 4.6% during the 4th 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 purchasing an additional 2,440 shares during the period. 58.20% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: Is it Safe to Invest in Commodities?

Receive News & Ratings for Waterstone Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waterstone Financial and related companies with MarketBeat.com's FREE daily email newsletter.