Waterstone Financial, Inc. (NASDAQ:WSBF) Director Sells $42,583.75 in Stock

Waterstone Financial, Inc. (NASDAQ:WSBF) Director Stephen J. Schmidt sold 3,097 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $13.75, for a total transaction of $42,583.75. Following the transaction, the director now owns 70,078 shares in the company, valued at $963,572.50. This trade represents a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Waterstone Financial Trading Down 0.1 %

NASDAQ WSBF opened at $13.74 on Friday. The company’s 50-day moving average price is $13.75 and its 200-day moving average price is $14.44. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 1.64. The stock has a market cap of $266.14 million, a PE ratio of 13.60 and a beta of 0.64. Waterstone Financial, Inc. has a 12 month low of $10.60 and a 12 month high of $16.86.

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

Waterstone Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Wednesday, January 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Wednesday, January 8th. Waterstone Financial’s payout ratio is 59.41%.

Hedge Funds Weigh In On Waterstone Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in shares of Waterstone Financial in the 3rd quarter valued at approximately $291,000. Barclays PLC raised its position in shares of Waterstone Financial by 242.1% in the 3rd quarter. Barclays PLC now owns 20,824 shares of the savings and loans company’s stock valued at $306,000 after purchasing an additional 14,737 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Waterstone Financial in the 4th quarter valued at approximately $365,000. Jane Street Group LLC raised its position in Waterstone Financial by 33.6% during the 3rd quarter. Jane Street Group LLC now owns 29,082 shares of the savings and loans company’s stock worth $428,000 after buying an additional 7,310 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Waterstone Financial by 79.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,108 shares of the savings and loans company’s stock worth $457,000 after buying an additional 13,819 shares during the last quarter. 62.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Waterstone Financial from a “hold” rating to a “buy” rating in a report on Tuesday.

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.