Insider Selling: Waterstone Financial, Inc. (NASDAQ:WSBF) Director Sells 109,527 Shares of Stock

Key Points

• Waterstone Financial, Inc. Director Michael L. Hansen sold 109,527 shares at an average price of $14.05, significantly reducing his ownership in the company by 98.61%.
• The company announced a quarterly dividend of $0.15 per share, which translates to an annual yield of 4.2% and a payout ratio of 52.63%.
• Shares of Waterstone Financial recently traded at $14.37, representing a 1.0% increase in price, with a market cap of $268.43 million.

Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) Director Michael L. Hansen sold 109,527 shares of the 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 sale, the director owned 1,541 shares of the company's stock, valued at $21,651.05. This trade represents a 98.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Waterstone Financial Trading Up 1.0%

Shares of Waterstone Financial stock traded up $0.14 during mid-day trading on Thursday, reaching $14.37. 37,452 shares of the stock were exchanged, compared to its average volume of 51,383. The company has a market cap of $268.43 million, a price-to-earnings ratio of 12.61 and a beta of 0.73. The firm has a 50-day simple moving average of $13.64 and a 200 day simple moving average of $13.33. Waterstone Financial, Inc. has a fifty-two week low of $11.61 and a fifty-two week high of $16.86.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last announced its earnings results 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 during the quarter. Waterstone Financial had a net margin of 10.47% and a return on equity of 6.07%.

Waterstone Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 8th were issued 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 yield of 4.2%. Waterstone Financial's dividend payout ratio is currently 52.63%.

Institutional Investors Weigh In On Waterstone Financial

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in Waterstone Financial by 557.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company's stock worth $26,000 after acquiring an additional 1,590 shares during the last quarter. GAMMA Investing LLC grew its holdings in Waterstone Financial by 16,614.3% during the 1st quarter. GAMMA Investing LLC now owns 2,340 shares of the savings and loans company's stock worth $31,000 after acquiring an additional 2,326 shares during the last quarter. Russell Investments Group Ltd. grew its holdings 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 acquiring an additional 2,385 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Waterstone Financial by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,441 shares of the savings and loans company's stock worth $127,000 after acquiring an additional 2,055 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in Waterstone Financial during the 2nd quarter worth about $138,000. Institutional investors own 62.71% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Waterstone Financial from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

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.

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