Waterstone Financial, Inc. (NASDAQ:WSBF) to Issue Quarterly Dividend of $0.12

Waterstone Financial, Inc. (NASDAQ:WSBF) declared a quarterly dividend on Tuesday, June 18th, Zacks reports. Stockholders of record on Friday, July 12th will be given a dividend of 0.12 per share by the savings and loans company on Friday, August 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, July 11th.

Waterstone Financial has increased its dividend payment by an average of 33.9% annually over the last three years.

WSBF opened at $16.85 on Tuesday. The firm’s fifty day moving average price is $16.79. The stock has a market cap of $477.06 million, a price-to-earnings ratio of 15.53 and a beta of 0.09. 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 has a one year low of $15.20 and a one year high of $17.77.

Waterstone Financial (NASDAQ:WSBF) last released its quarterly earnings results 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. The firm had revenue of $37.19 million during the quarter. Waterstone Financial had a net margin of 15.71% and a return on equity of 7.62%.

Separately, BidaskClub upgraded shares of Waterstone Financial from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th.

In other news, Director Ellen Syburg Bartel sold 7,000 shares of Waterstone Financial stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William F. Bruss sold 2,250 shares of Waterstone Financial stock in a transaction on Monday, June 3rd. The stock was 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.

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 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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Dividend History for Waterstone Financial (NASDAQ:WSBF)

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