Strs Ohio Buys Shares of 35,400 Waterstone Financial, Inc. $WSBF

Key Points

• Strs Ohio has made a new investment in Waterstone Financial, Inc., acquiring 35,400 shares valued at approximately $476,000, which accounts for 0.18% of the company's stock.
• In addition to Strs Ohio, other institutional investors have significantly increased their holdings in Waterstone Financial, with one firm boosting its position by 16,614.3% during the first quarter.
• Waterstone Financial's stock has a current market cap of $283.38 million and reported an EPS of $0.43 for the most recent quarter, with a net margin of 10.47%.

Strs Ohio purchased a new stake in shares of Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 35,400 shares of the savings and loans company's stock, valued at approximately $476,000. Strs Ohio owned approximately 0.18% of Waterstone Financial as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WSBF. GAMMA Investing LLC raised its stake in shares of Waterstone Financial by 16,614.3% in the first quarter. GAMMA Investing LLC now owns 2,340 shares of the savings and loans company's stock worth $31,000 after purchasing an additional 2,326 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Waterstone Financial by 297.4% in the first quarter. Russell Investments Group Ltd. now owns 3,187 shares of the savings and loans company's stock worth $43,000 after acquiring an additional 2,385 shares during the period. Deutsche Bank AG bought a new position in Waterstone Financial during the fourth quarter valued at approximately $143,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Waterstone Financial during the first quarter valued at approximately $198,000. Finally, Quantinno Capital Management LP purchased a new stake in Waterstone Financial during the fourth quarter valued at approximately $203,000. 62.71% of the stock is owned by institutional investors.

Waterstone Financial Stock Performance

WSBF stock traded up $1.02 during midday trading on Monday, reaching $16.19. 153,184 shares of the company traded hands, compared to its average volume of 62,379. The business has a 50 day moving average of $14.24 and a 200-day moving average of $13.46. Waterstone Financial, Inc. has a 52-week low of $11.61 and a 52-week high of $16.86. The firm has a market capitalization of $302.43 million, a price-to-earnings ratio of 14.20 and a beta of 0.75.

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 return on equity of 6.07% and a net margin of 10.47%.The firm had revenue of $38.04 million for the quarter.

Insider Transactions at Waterstone Financial

In related news, Director Michael L. Hansen sold 109,527 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $14.05, for a total value of $1,538,854.35. Following the transaction, the director owned 1,541 shares of the company's stock, valued at $21,651.05. This represents a 98.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 185,000 shares of company stock valued at $2,585,720 over the last quarter. 8.30% of the stock is owned by corporate insiders.

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.