Nuveen LLC Takes Position in Waterstone Financial, Inc. $WSBF

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

Several other hedge funds also recently modified their holdings of WSBF. Bridgeway Capital Management LLC boosted its holdings in shares of Waterstone Financial by 0.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 431,520 shares of the savings and loans company's stock worth $5,800,000 after buying an additional 3,705 shares during the period. Northern Trust Corp boosted its holdings in shares of Waterstone Financial by 3.2% during the 4th quarter. Northern Trust Corp now owns 163,551 shares of the savings and loans company's stock worth $2,198,000 after buying an additional 5,029 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Waterstone Financial by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 77,942 shares of the savings and loans company's stock worth $1,048,000 after buying an additional 1,195 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Waterstone Financial by 49.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,410 shares of the savings and loans company's stock worth $611,000 after buying an additional 15,093 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Waterstone Financial by 11.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 37,220 shares of the savings and loans company's stock worth $500,000 after buying an additional 3,832 shares during the period. Institutional investors and hedge funds own 62.71% of the company's stock.

Waterstone Financial Price Performance

Shares of NASDAQ WSBF traded down $0.08 during trading hours on Friday, hitting $14.77. 35,279 shares of the stock were exchanged, compared to its average volume of 50,616. The company's 50 day moving average is $13.98 and its 200 day moving average is $13.39. The firm has a market capitalization of $275.90 million, a P/E ratio of 12.96 and a beta of 0.75. Waterstone Financial, Inc. has a one year low of $11.61 and a one year high of $16.86.

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 earnings per share for the quarter. Waterstone Financial had a net margin of 10.47% and a return on equity of 6.07%. The firm had revenue of $38.04 million during the quarter.

Waterstone Financial Announces Dividend

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

Insider Activity

In related news, Director Michael L. Hansen sold 109,527 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $14.05, for a total transaction of $1,538,854.35. Following the completion of the sale, the director owned 1,541 shares in the company, valued at $21,651.05. This trade represents a 98.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 185,000 shares of company stock worth $2,585,720. Company insiders own 7.40% of the company's stock.

Waterstone Financial 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.