Hsbc Holdings PLC Invests $1.02 Million in Waterstone Financial, Inc. $WSBF

Key Points

• Hsbc Holdings PLC acquired 49,490 shares of Waterstone Financial worth approximately $1.02 million, representing 0.28% of the company. Institutional investors collectively own 62.71% of WSBF.
• Waterstone Financial reported quarterly EPS of $0.49, missing the $0.66 consensus estimate, while revenue of $40.25 million fell short of the $65.80 million forecast.
• WSBF maintains a consensus “Buy” rating and recently paid a $0.17 quarterly dividend, equivalent to a $0.68 annualized payout and a 3.3% yield.

Hsbc Holdings PLC acquired a new stake in Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 49,490 shares of the savings and loans company's stock, valued at approximately $1,023,000. Hsbc Holdings PLC owned 0.28% of Waterstone Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WSBF. Canada Pension Plan Investment Board purchased a new stake in Waterstone Financial during the 2nd quarter worth about $253,000. Legal & General Group Plc bought a new position in shares of Waterstone Financial during the 2nd quarter valued at about $30,000. Algert Global LLC bought a new position in shares of Waterstone Financial during the 2nd quarter valued at $782,000. Sanctuary Advisors LLC purchased a new stake in shares of Waterstone Financial during the second quarter valued at approximately $222,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Waterstone Financial in the 2nd quarter worth approximately $866,000. Institutional investors own 62.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on WSBF. Weiss Ratings restated a "buy (b)" rating on shares of Waterstone Financial in a report on Wednesday, August 26th. Wall Street Zen downgraded shares of Waterstone Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Waterstone Financial currently has a consensus rating of "Buy".

Waterstone Financial Price Performance

Shares of WSBF opened at $20.84 on Wednesday. The firm has a market cap of $374.70 million, a P/E ratio of 12.12 and a beta of 0.71. The company has a 50 day simple moving average of $20.47 and a two-hundred day simple moving average of $19.06. Waterstone Financial, Inc. has a 1 year low of $14.52 and a 1 year high of $21.50.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last released its quarterly earnings data 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). Waterstone Financial had a net margin of 14.57% and a return on equity of 8.64%. The company had revenue of $40.25 million for the quarter, compared to the consensus estimate of $65.80 million.

Waterstone Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, July 8th. Waterstone Financial's payout ratio is presently 39.53%.

Waterstone Financial Company 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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