Bank of New York Mellon Corp Takes $1.88 Million Position in Waterstone Financial, Inc. $WSBF

Key Points

• Bank of New York Mellon acquired 90,564 Waterstone Financial shares worth approximately $1.88 million, representing about 0.5% of the company; institutional investors collectively own 62.71% of WSBF.
• Waterstone Financial reported quarterly earnings of $0.49 per share and revenue of $40.25 million, missing analyst expectations of $0.66 per share and $65.80 million, respectively.
• WSBF shares opened at $21.18, near their 52-week high of $21.59. The company maintains a quarterly dividend of $0.17, equivalent to a 3.2% yield, while analysts’ overall rating remains “Buy.”

Bank of New York Mellon Corp acquired a new position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,564 shares of the savings and loans company's stock, valued at approximately $1,877,000. Bank of New York Mellon Corp owned approximately 0.50% of Waterstone Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WSBF. EverSource Wealth Advisors LLC lifted its holdings in shares of Waterstone Financial by 557.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company's stock valued at $26,000 after purchasing an additional 1,590 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Waterstone Financial in the 2nd quarter valued at approximately $28,000. Larson Financial Group LLC bought a new stake in Waterstone Financial in the 3rd quarter valued at approximately $30,000. Simplex Trading LLC lifted its stake in Waterstone Financial by 69.3% in the 4th quarter. Simplex Trading LLC now owns 2,306 shares of the savings and loans company's stock valued at $38,000 after acquiring an additional 944 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in Waterstone Financial during the 2nd quarter worth approximately $138,000. 62.71% of the stock is owned by institutional investors and hedge funds.

Waterstone Financial Stock Performance

Shares of NASDAQ:WSBF opened at $21.18 on Wednesday. Waterstone Financial, Inc. has a 52-week low of $14.52 and a 52-week high of $21.59. The company has a market capitalization of $380.82 million, a P/E ratio of 12.31 and a beta of 0.71. The company has a 50-day simple moving average of $20.57 and a 200 day simple moving average of $19.18.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last announced its quarterly 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 business had revenue of $40.25 million for the quarter, compared to analyst estimates of $65.80 million.

Waterstone Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 8th were paid 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 is 39.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WSBF shares. Weiss Ratings reissued a "buy (b)" rating on shares of Waterstone Financial in a research report on Wednesday, August 26th. Wall Street Zen lowered shares of Waterstone Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Waterstone Financial Profile

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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