Nuveen LLC Invests $840,000 in Waterstone Financial, Inc. $WSBF

Nuveen LLC purchased a new stake in shares of Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,484 shares of the savings and loans company's stock, valued at approximately $840,000. Nuveen LLC owned 0.32% of Waterstone Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Waterstone Financial by 49.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,410 shares of the savings and loans company's stock valued at $611,000 after acquiring an additional 15,093 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Waterstone Financial during the first quarter valued at $198,000. Bank of New York Mellon Corp increased its holdings in shares of Waterstone Financial by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 77,942 shares of the savings and loans company's stock valued at $1,048,000 after purchasing an additional 1,195 shares during the period. GAMMA Investing LLC increased its holdings in shares of Waterstone Financial by 16,614.3% during the first quarter. GAMMA Investing LLC now owns 2,340 shares of the savings and loans company's stock valued at $31,000 after purchasing an additional 2,326 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in shares of Waterstone Financial during the fourth quarter valued at $203,000. Institutional investors and hedge funds own 62.71% of the company's stock.

Insider Transactions at Waterstone Financial

In related news, Director Michael L. Hansen sold 109,527 shares of Waterstone Financial stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $14.05, for a total transaction of $1,538,854.35. Following the transaction, the director directly owned 1,541 shares of the company's stock, valued at $21,651.05. The trade was a 98.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 185,000 shares of company stock worth $2,585,720 over the last quarter. 8.30% of the stock is owned by insiders.

Waterstone Financial Price Performance

Shares of WSBF traded down $0.08 during trading hours on Friday, reaching $14.77. 35,279 shares of the company's stock traded hands, compared to its average volume of 51,518. The firm has a market capitalization of $275.90 million, a price-to-earnings ratio of 12.96 and a beta of 0.75. Waterstone Financial, Inc. has a twelve month low of $11.61 and a twelve month high of $16.86. The business's fifty day simple moving average is $13.98 and its two-hundred day simple moving average is $13.39.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The savings and loans company reported $0.43 EPS for the quarter. The company had revenue of $38.04 million for the quarter. Waterstone Financial had a return on equity of 6.07% and a net margin of 10.47%.

Waterstone Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, July 8th. Waterstone Financial's payout ratio is presently 52.63%.

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.