Teton Advisors Inc. Sells 3,000 Shares of Waterstone Financial, Inc. (NASDAQ:WSBF)

Teton Advisors Inc. lowered its position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 4.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 60,000 shares of the savings and loans company’s stock after selling 3,000 shares during the period. Teton Advisors Inc.’s holdings in Waterstone Financial were worth $806,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Waterstone Financial by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,441 shares of the savings and loans company’s stock worth $127,000 after purchasing an additional 2,055 shares during the last quarter. Barclays PLC grew its holdings in Waterstone Financial by 242.1% in the 3rd quarter. Barclays PLC now owns 20,824 shares of the savings and loans company’s stock worth $306,000 after acquiring an additional 14,737 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Waterstone Financial by 27.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,213 shares of the savings and loans company’s stock valued at $325,000 after acquiring an additional 5,226 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Waterstone Financial during the 4th quarter worth approximately $365,000. Finally, Jane Street Group LLC grew its holdings in Waterstone Financial by 33.6% in the third quarter. Jane Street Group LLC now owns 29,082 shares of the savings and loans company’s stock worth $428,000 after purchasing an additional 7,310 shares during the period. 62.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Waterstone Financial

In other Waterstone Financial news, CFO Mark Raymond Gerke sold 2,738 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $14.14, for a total value of $38,715.32. Following the sale, the chief financial officer now owns 30,334 shares in the company, valued at $428,922.76. The trade was a 8.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick S. Lawton sold 37,500 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $14.03, for a total value of $526,125.00. Following the transaction, the director now owns 49,131 shares of the company’s stock, valued at $689,307.93. This represents a 43.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,669 shares of company stock worth $929,283. 8.30% of the stock is owned by corporate insiders.

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 Sunday, April 6th.

Waterstone Financial Trading Up 0.5 %

NASDAQ:WSBF opened at $11.92 on Tuesday. The firm has a market capitalization of $230.29 million, a price-to-earnings ratio of 11.80 and a beta of 0.63. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.48 and a quick ratio of 1.36. The business has a fifty day moving average price of $13.58 and a 200-day moving average price of $14.04. Waterstone Financial, Inc. has a one year low of $10.83 and a one year high of $16.86.

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

Waterstone Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $0.60 annualized dividend and a dividend yield of 5.03%. Waterstone Financial’s payout ratio is 59.41%.

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 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.