Empowered Funds LLC purchased a new stake in shares of Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 115,282 shares of the savings and loans company's stock, valued at approximately $2,390,000. Empowered Funds LLC owned approximately 0.64% of Waterstone Financial at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Waterstone Financial by 557.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company's stock worth $26,000 after purchasing an additional 1,590 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Waterstone Financial in the second quarter valued at $28,000. Legal & General Group Plc bought a new position in shares of Waterstone Financial in the second quarter valued at about $30,000. Larson Financial Group LLC bought a new position in shares of Waterstone Financial in the third quarter valued at about $30,000. Finally, Simplex Trading LLC raised its holdings in shares of Waterstone Financial by 69.3% in the fourth quarter. Simplex Trading LLC now owns 2,306 shares of the savings and loans company's stock valued at $38,000 after buying an additional 944 shares during the last quarter. Institutional investors own 62.71% of the company's stock.
Waterstone Financial Stock Performance
Shares of WSBF opened at $21.23 on Thursday. The business's fifty day moving average price is $20.50 and its two-hundred day moving average price is $19.09. The firm has a market capitalization of $381.72 million, a price-to-earnings ratio of 12.34 and a beta of 0.71. Waterstone Financial, Inc. has a 52 week low of $14.52 and a 52 week high of $21.50.
Waterstone Financial (NASDAQ:WSBF - Get Free Report) last released its earnings results on Thursday, July 23rd. The savings and loans company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.17). Waterstone Financial had a return on equity of 8.64% and a net margin of 14.57%.The firm had revenue of $40.25 million for the quarter, compared to the consensus estimate of $65.80 million.
Waterstone Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, July 8th. Waterstone Financial's dividend payout ratio (DPR) is presently 39.53%.
Wall Street Analyst Weigh In
WSBF has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Waterstone Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Waterstone Financial in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy".
Get Our Latest Stock Analysis on Waterstone Financial
About Waterstone Financial
(
Free Report)
Waterstone Financial, Inc is a bank holding company based in Glendale, Wisconsin, that provides a broad range of financial services to individuals, businesses and institutions. Its primary operations are conducted through its wholly owned subsidiary, Waterstone Bank, which offers deposit products, loan facilities and treasury management services. The company focuses on delivering relationship-based banking solutions tailored to the needs of small and medium-sized enterprises as well as retail customers.
In addition to traditional commercial and consumer banking, Waterstone Financial supports its clients with specialized financing, including real estate, equipment and asset-based lending.
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