Michael L. Hansen Sells 36,465 Shares of Waterstone Financial, Inc. (NASDAQ:WSBF) Stock

Key Points

• Michael L. Hansen, a director at Waterstone Financial, sold 36,465 shares of the company's stock at an average price of $13.83, totaling approximately $504,310, which reduced his ownership stake by 19.55%.
• Waterstone Financial reported a quarterly EPS of $0.43 and had revenue of $38.04 million, with a return on equity of 6.07% and a net margin of 10.47%.
• The company announced a $0.15 quarterly dividend with a yield of 4.35%, which will be distributed on August 1st to investors of record from July 8th.

Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) Director Michael L. Hansen sold 36,465 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $13.83, for a total value of $504,310.95. Following the completion of the transaction, the director directly owned 150,076 shares in the company, valued at approximately $2,075,551.08. This represents a 19.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Waterstone Financial Stock Performance

Shares of WSBF traded down $0.10 during mid-day trading on Thursday, hitting $13.31. The stock had a trading volume of 45,814 shares, compared to its average volume of 50,973. The firm has a market cap of $256.88 million, a P/E ratio of 11.68 and a beta of 0.73. The business has a fifty day moving average price of $13.49 and a 200-day moving average price of $13.30. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.31 and a quick ratio of 1.22. Waterstone Financial, Inc. has a 52 week low of $11.61 and a 52 week high of $16.86.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The savings and loans company reported $0.43 earnings per share (EPS) for the quarter. Waterstone Financial had a return on equity of 6.07% and a net margin of 10.47%. The business had revenue of $38.04 million for the quarter.

Waterstone Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, July 8th. Waterstone Financial's payout ratio is currently 52.63%.

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.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC grew its holdings in Waterstone Financial by 0.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 431,520 shares of the savings and loans company's stock valued at $5,800,000 after buying an additional 3,705 shares in the last quarter. Northern Trust Corp grew its holdings in Waterstone Financial by 3.2% during the 4th quarter. Northern Trust Corp now owns 163,551 shares of the savings and loans company's stock valued at $2,198,000 after buying an additional 5,029 shares in the last quarter. American Century Companies Inc. grew its holdings in Waterstone Financial by 0.8% during the 1st quarter. American Century Companies Inc. now owns 154,347 shares of the savings and loans company's stock valued at $2,076,000 after buying an additional 1,206 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Waterstone Financial by 8.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 110,709 shares of the savings and loans company's stock valued at $1,488,000 after buying an additional 8,584 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Waterstone Financial by 64.9% during the 4th quarter. JPMorgan Chase & Co. now owns 85,628 shares of the savings and loans company's stock valued at $1,151,000 after buying an additional 33,715 shares in the last quarter. Hedge funds and other institutional investors own 62.71% of the company's stock.

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.