Waterstone Financial, Inc. (NASDAQ:WSBF) to Issue $0.15 Quarterly Dividend

Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) declared a quarterly dividend on Tuesday, June 17th, RTT News reports. Stockholders of record on Tuesday, July 8th will be paid a dividend of 0.15 per share by the savings and loans company on Friday, August 1st. This represents a $0.60 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Tuesday, July 8th.

Waterstone Financial Trading Up 0.4%

Shares of WSBF stock traded up $0.05 on Friday, hitting $13.46. The stock had a trading volume of 49,520 shares, compared to its average volume of 44,266. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.31 and a quick ratio of 1.22. The firm has a market capitalization of $259.71 million, a P/E ratio of 13.20 and a beta of 0.72. Waterstone Financial has a 1 year low of $11.61 and a 1 year high of $16.86. The company's 50 day moving average price is $12.72 and its 200-day moving average price is $13.31.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $29.67 million for the quarter. Waterstone Financial had a return on equity of 5.51% and a net margin of 9.38%.

Institutional Investors Weigh In On Waterstone Financial

A number of hedge funds have recently bought and sold shares of WSBF. Jane Street Group LLC raised its position in Waterstone Financial by 29.8% in the 1st quarter. Jane Street Group LLC now owns 25,843 shares of the savings and loans company's stock valued at $348,000 after purchasing an additional 5,928 shares in the last quarter. AQR Capital Management LLC raised its position in Waterstone Financial by 16.7% in the 1st quarter. AQR Capital Management LLC now owns 45,595 shares of the savings and loans company's stock valued at $613,000 after purchasing an additional 6,512 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Waterstone Financial by 7.5% in the 1st quarter. Empowered Funds LLC now owns 83,591 shares of the savings and loans company's stock valued at $1,124,000 after purchasing an additional 5,818 shares in the last quarter. Institutional investors and hedge funds own 62.71% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Waterstone Financial from a "buy" rating to a "hold" rating in a 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.