BlackRock Inc. purchased a new stake in Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,641,766 shares of the savings and loans company's stock, valued at approximately $34,034,000. BlackRock Inc. owned about 9.09% of Waterstone Financial at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of WSBF. Bridgeway Capital Management LLC grew its holdings in shares of Waterstone Financial by 1.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 438,837 shares of the savings and loans company's stock valued at $6,060,000 after acquiring an additional 8,199 shares in the last quarter. Geode Capital Management LLC raised its holdings in Waterstone Financial by 1.0% during the second quarter. Geode Capital Management LLC now owns 406,749 shares of the savings and loans company's stock worth $5,618,000 after acquiring an additional 4,108 shares in the last quarter. AQR Capital Management LLC raised its holdings in Waterstone Financial by 21.6% during the fourth quarter. AQR Capital Management LLC now owns 201,704 shares of the savings and loans company's stock worth $3,338,000 after acquiring an additional 35,828 shares in the last quarter. Fourthstone LLC boosted its position in Waterstone Financial by 55.3% during the fourth quarter. Fourthstone LLC now owns 199,702 shares of the savings and loans company's stock valued at $3,305,000 after purchasing an additional 71,143 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Waterstone Financial by 30.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 190,766 shares of the savings and loans company's stock valued at $2,634,000 after purchasing an additional 44,618 shares during the last quarter. 62.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on WSBF shares. Wall Street Zen lowered Waterstone Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Waterstone Financial in a research note on Wednesday, August 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Waterstone Financial presently has a consensus rating of "Buy".
Read Our Latest Report on Waterstone Financial
Waterstone Financial Stock Down 0.6%
NASDAQ:WSBF opened at $20.84 on Wednesday. The stock's 50 day moving average price is $20.47 and its two-hundred day moving average price is $19.06. The firm has a market capitalization of $374.70 million, a price-to-earnings ratio of 12.12 and a beta of 0.71. Waterstone Financial, Inc. has a 12-month low of $14.52 and a 12-month high of $21.50.
Waterstone Financial (NASDAQ:WSBF - Get Free Report) last issued its earnings results on Thursday, July 23rd. The savings and loans company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.17). The business had revenue of $40.25 million for the quarter, compared to the consensus estimate of $65.80 million. Waterstone Financial had a return on equity of 8.64% and a net margin of 14.57%.
Waterstone Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 8th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $0.68 annualized dividend and a yield of 3.3%. Waterstone Financial's dividend payout ratio (DPR) is currently 39.53%.
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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