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 firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $13.83, for a total transaction of $504,310.95. Following the completion of the transaction, the director directly owned 150,076 shares of the company's stock, valued at $2,075,551.08. This represents a 19.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Waterstone Financial Stock Performance

Shares of NASDAQ WSBF traded down $0.01 during trading hours on Tuesday, hitting $13.78. 429 shares of the stock were exchanged, compared to its average volume of 50,878. 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 company's 50 day moving average is $13.47 and its 200 day moving average is $13.29. The firm has a market capitalization of $265.95 million, a P/E ratio of 12.09 and a beta of 0.73. Waterstone Financial, Inc. has a one year low of $11.61 and a one year 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 net margin of 10.47% and a return on equity of 6.07%. The company had revenue of $38.04 million during the quarter.

Waterstone Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Tuesday, July 8th. Waterstone Financial's payout ratio is 52.63%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Waterstone Financial

Several large investors have recently made changes to their positions in WSBF. Nuveen LLC bought a new stake in shares of Waterstone Financial in the 1st quarter worth about $840,000. Fourthstone LLC bought a new stake in shares of Waterstone Financial in the 4th quarter worth about $504,000. Strs Ohio bought a new stake in shares of Waterstone Financial in the 1st quarter worth about $476,000. JPMorgan Chase & Co. grew its holdings in shares of Waterstone Financial by 64.9% in the 4th quarter. JPMorgan Chase & Co. now owns 85,628 shares of the savings and loans company's stock worth $1,151,000 after purchasing an additional 33,715 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Waterstone Financial during the 1st quarter worth about $218,000. 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.