Waterstone Financial (NASDAQ:WSBF) Director Michael L. Hansen Sells 109,527 Shares

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 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 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 SEC, which is available through this link.

Waterstone Financial Price Performance

WSBF traded up $0.02 during trading on Tuesday, reaching $14.21. The company had a trading volume of 29,392 shares, compared to its average volume of 49,099. The company has a market cap of $265.44 million, a P/E ratio of 12.47 and a beta of 0.73. Waterstone Financial, Inc. has a 12 month low of $11.61 and a 12 month high of $16.86. The business's fifty day moving average price is $13.70 and its 200 day moving average price is $13.34.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The savings and loans company reported $0.43 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 company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, July 8th. Waterstone Financial's dividend payout ratio (DPR) is currently 52.63%.

Institutional Investors Weigh In On Waterstone Financial

Large investors have recently made changes to their positions in the stock. CSM Advisors LLC acquired a new stake in shares of Waterstone Financial in the second quarter valued at approximately $2,725,000. Nuveen LLC acquired a new position in shares of Waterstone Financial during the 1st quarter worth approximately $840,000. Arrowstreet Capital Limited Partnership raised its stake in Waterstone Financial by 30.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 190,766 shares of the savings and loans company's stock valued at $2,634,000 after acquiring an additional 44,618 shares during the period. Fourthstone LLC lifted its holdings in Waterstone Financial by 176.7% during the 2nd quarter. Fourthstone LLC now owns 63,194 shares of the savings and loans company's stock valued at $873,000 after purchasing an additional 40,357 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in Waterstone Financial by 265.6% during the second quarter. Hsbc Holdings PLC now owns 55,028 shares of the savings and loans company's stock worth $768,000 after purchasing an additional 39,978 shares during the period. Institutional investors and hedge funds own 62.71% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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.