Waterstone Financial, Inc. Announces Quarterly Dividend of $0.15 (NASDAQ:WSBF)

Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) declared a quarterly dividend on Thursday, March 21st, Zacks reports. Stockholders of record on Monday, April 8th will be paid a dividend of 0.15 per share by the savings and loans company on Wednesday, May 1st. This represents a $0.60 annualized dividend and a dividend yield of 5.24%. The ex-dividend date is Friday, April 5th.

Waterstone Financial has raised its dividend payment by an average of 16.0% annually over the last three years.

Waterstone Financial Stock Down 1.8 %

Shares of WSBF traded down $0.21 during midday trading on Wednesday, hitting $11.46. The company had a trading volume of 92,143 shares, compared to its average volume of 53,599. The company's 50-day simple moving average is $12.33 and its 200-day simple moving average is $12.23. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.41 and a current ratio of 1.55. The firm has a market capitalization of $229.77 million, a P/E ratio of 24.91 and a beta of 0.59. Waterstone Financial has a 1 year low of $9.62 and a 1 year high of $15.56.

Hedge Funds Weigh In On Waterstone Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Waterstone Financial by 10.3% in the third quarter. Royal Bank of Canada now owns 10,768 shares of the savings and loans company's stock valued at $175,000 after purchasing an additional 1,004 shares in the last quarter. First Trust Advisors LP acquired a new position in Waterstone Financial in the fourth quarter valued at approximately $151,000. Barclays PLC lifted its stake in Waterstone Financial by 88.1% in the first quarter. Barclays PLC now owns 9,561 shares of the savings and loans company's stock valued at $145,000 after buying an additional 4,479 shares during the last quarter. UBS Group AG lifted its stake in Waterstone Financial by 27.4% in the first quarter. UBS Group AG now owns 9,405 shares of the savings and loans company's stock valued at $142,000 after buying an additional 2,023 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Waterstone Financial by 1,943.9% in the third quarter. Tower Research Capital LLC TRC now owns 11,078 shares of the savings and loans company's stock valued at $121,000 after buying an additional 10,536 shares during the last quarter. 62.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Waterstone Financial from a "sell" rating to a "hold" rating in a research note on Friday, December 15th.

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.