Rhino Investment Partners Inc Has $7.47 Million Stock Holdings in Waterstone Financial, Inc. $WSBF

Key Points

• Rhino Investment Partners Inc has reduced its stake in Waterstone Financial by 25.3%, now holding 555,513 shares worth approximately $7.47 million, making it the 18th largest holding in their portfolio.
• Insider Director Michael L. Hansen sold 109,527 shares of Waterstone Financial at an average price of $14.05, decreasing their ownership by 98.61%.
• Waterstone Financial recently announced a quarterly dividend of $0.15, which translates to an annualized yield of 4.2% with a payout ratio of 52.63%.

Rhino Investment Partners Inc reduced its position in Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) by 25.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 555,513 shares of the savings and loans company's stock after selling 187,720 shares during the quarter. Waterstone Financial comprises about 1.8% of Rhino Investment Partners Inc's portfolio, making the stock its 18th largest position. Rhino Investment Partners Inc owned about 2.88% of Waterstone Financial worth $7,472,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WSBF. Nuveen LLC bought a new position in Waterstone Financial in the 1st quarter valued at about $840,000. JPMorgan Chase & Co. increased its holdings in Waterstone Financial by 64.9% in the 4th quarter. JPMorgan Chase & Co. now owns 85,628 shares of the savings and loans company's stock valued at $1,151,000 after buying an additional 33,715 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Waterstone Financial by 49.8% in the 1st 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 buying an additional 15,093 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Waterstone Financial during the 4th quarter valued at approximately $203,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Waterstone Financial during the 1st quarter valued at approximately $204,000. 62.71% of the stock is owned by institutional investors.

Waterstone Financial Stock Performance

Shares of Waterstone Financial stock traded up $0.16 during midday trading on Tuesday, hitting $14.70. 11,922 shares of the company traded hands, compared to its average volume of 50,463. The stock has a market cap of $274.50 million, a price-to-earnings ratio of 12.87 and a beta of 0.73. The firm's fifty day moving average price is $13.78 and its 200-day moving average price is $13.36. Waterstone Financial, Inc. has a 12 month low of $11.61 and a 12 month high of $16.86.

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

Waterstone Financial Announces Dividend

The firm 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 annualized dividend and a yield of 4.1%. Waterstone Financial's dividend payout ratio (DPR) is currently 52.63%.

Insider Buying and Selling

In related news, Director Michael L. Hansen sold 109,527 shares of Waterstone Financial stock in a transaction that occurred on 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 sale, the director directly owned 1,541 shares in the company, valued at $21,651.05. This trade represents a 98.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 185,000 shares of company stock worth $2,585,720. 8.30% of the stock is owned by company insiders.

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.