Waterstone Financial, Inc. $WSBF Shares Sold by Rhino Investment Partners Inc

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 trimmed its holdings in Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) by 25.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 555,513 shares of the savings and loans company's stock after selling 187,720 shares during the period. Waterstone Financial accounts for about 1.8% of Rhino Investment Partners Inc's investment portfolio, making the stock its 18th largest position. Rhino Investment Partners Inc owned about 2.88% of Waterstone Financial worth $7,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hsbc Holdings PLC acquired a new stake in shares of Waterstone Financial in the first quarter valued at approximately $204,000. American Century Companies Inc. boosted its stake in shares of Waterstone Financial by 0.8% during the first quarter. American Century Companies Inc. now owns 154,347 shares of the savings and loans company's stock valued at $2,076,000 after acquiring an additional 1,206 shares during the last quarter. Russell Investments Group Ltd. increased its position in Waterstone Financial by 297.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,187 shares of the savings and loans company's stock worth $43,000 after purchasing an additional 2,385 shares in the last quarter. Nuveen LLC acquired a new position in Waterstone Financial in the 1st quarter valued at about $840,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake 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 purchasing an additional 15,093 shares during the last quarter. Institutional investors and hedge funds own 62.71% of the company's stock.

Insider Buying and Selling at Waterstone Financial

In related news, Director Michael L. Hansen sold 109,527 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $14.05, for a total value of $1,538,854.35. Following the completion of the sale, the director directly owned 1,541 shares in the company, valued at approximately $21,651.05. The trade was a 98.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 185,000 shares of company stock worth $2,585,720. Corporate insiders own 8.30% of the company's stock.

Waterstone Financial Trading Down 0.8%

Shares of Waterstone Financial stock traded down $0.11 during mid-day trading on Monday, hitting $14.54. 47,967 shares of the stock were exchanged, compared to its average volume of 50,637. The stock has a market capitalization of $271.61 million, a price-to-earnings ratio of 12.75 and a beta of 0.73. Waterstone Financial, Inc. has a twelve month low of $11.61 and a twelve month high of $16.86. The company has a 50-day simple moving average of $13.75 and a 200 day simple moving average of $13.36.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The savings and loans company reported $0.43 earnings per share (EPS) for the quarter. The business 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend 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 is currently 52.63%.

About Waterstone Financial

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.