Michael L. Hansen Sells 2,757 Shares of Waterstone Financial, Inc. (NASDAQ:WSBF) Stock

Key Points

• Michael L. Hansen, a Director at Waterstone Financial, sold 2,757 shares at an average price of $13.80, resulting in a total transaction value of $38,046.60.
• The company reported earnings of $0.43 per share in its last quarterly results and announced a quarterly dividend of $0.15, indicating a yield of 4.3%.
• Institutional investors currently hold approximately 62.71% of Waterstone Financial's stock, with notable increases in stakes from several investment firms in recent quarters.

Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) Director Michael L. Hansen sold 2,757 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $13.80, for a total transaction of $38,046.60. Following the sale, the director owned 146,358 shares of the company's stock, valued at $2,019,740.40. This represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Waterstone Financial Stock Performance

NASDAQ WSBF traded up $0.25 on Tuesday, reaching $14.01. The stock had a trading volume of 32,240 shares, compared to its average volume of 50,074. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.22 and a current ratio of 1.31. Waterstone Financial, Inc. has a 12-month low of $11.61 and a 12-month high of $16.86. The business's 50-day moving average price is $13.60 and its 200 day moving average price is $13.32. The stock has a market cap of $261.61 million, a P/E ratio of 12.28 and a beta of 0.73.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $38.04 million during the quarter.

Waterstone Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 8th were paid a $0.15 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Waterstone Financial's payout ratio is currently 52.63%.

Institutional Investors Weigh In On Waterstone Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in 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 valued at $31,000 after buying an additional 2,326 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Waterstone Financial by 297.4% during the first 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 during the last quarter. Wells Fargo & Company MN raised its stake in shares of Waterstone Financial by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,441 shares of the savings and loans company's stock worth $127,000 after purchasing an additional 2,055 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Waterstone Financial during the fourth quarter worth approximately $143,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Waterstone Financial during the second quarter worth approximately $149,000. Hedge funds and other institutional investors own 62.71% of the company's stock.

Analyst Ratings Changes

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

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.

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