Waterstone Financial, Inc. (NASDAQ:WSBF) Declares $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 dividend on an annualized basis and a dividend yield of 4.47%.

Waterstone Financial Trading Up 1.1%

Shares of WSBF traded up $0.15 during trading hours on Wednesday, reaching $13.43. The stock had a trading volume of 321 shares, compared to its average volume of 44,085. The company has a market cap of $259.10 million, a P/E ratio of 13.16 and a beta of 0.72. Waterstone Financial has a 52 week low of $11.61 and a 52 week high of $16.86. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average of $12.64 and a 200 day moving average of $13.33.

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

Institutional Trading of Waterstone Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its position in Waterstone Financial by 7.5% in the first 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. AQR Capital Management LLC boosted its stake in shares of Waterstone Financial by 16.7% during the 1st quarter. AQR Capital Management LLC now owns 45,595 shares of the savings and loans company's stock worth $613,000 after buying an additional 6,512 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Waterstone Financial by 29.8% during the 1st quarter. Jane Street Group LLC now owns 25,843 shares of the savings and loans company's stock worth $348,000 after buying an additional 5,928 shares during the last quarter. Institutional investors and hedge funds own 62.71% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.