Waterstone Financial (NASDAQ:WSBF) Director Michael L. Hansen Sells 35,290 Shares

Key Points

• Waterstone Financial's Director, Michael L. Hansen, sold 35,290 shares of stock for $491,236.80, reducing his position by 24.11%.
• The company declared a quarterly dividend of $0.15, resulting in an annualized yield of 4.2%, with a dividend payout ratio of 52.63%.
• Waterstone Financial's stock price recently increased by 1.0%, reaching $14.37, with a market capitalization of $268.43 million.

Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) Director Michael L. Hansen sold 35,290 shares of Waterstone Financial stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $13.92, for a total transaction of $491,236.80. Following the completion of the sale, the director directly owned 111,068 shares of the company's stock, valued at approximately $1,546,066.56. The trade was a 24.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Waterstone Financial Price Performance

Shares of NASDAQ WSBF traded up $0.02 during mid-day trading on Tuesday, reaching $14.21. 29,392 shares of the company's stock traded hands, compared to its average volume of 49,099. The business has a 50-day simple moving average of $13.70 and a 200 day simple moving average of $13.34. The stock has a market cap of $265.44 million, a P/E ratio of 12.47 and a beta of 0.73. Waterstone Financial, Inc. has a 1-year low of $11.61 and a 1-year high of $16.86.

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

Waterstone Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Waterstone Financial's payout ratio is presently 52.63%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bridgeway Capital Management LLC increased its position in shares of Waterstone Financial by 1.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 438,837 shares of the savings and loans company's stock valued at $6,060,000 after purchasing an additional 8,199 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Waterstone Financial by 44.7% in the 2nd quarter. Bank of America Corp DE now owns 37,012 shares of the savings and loans company's stock worth $511,000 after buying an additional 11,427 shares during the last quarter. Raymond James Financial Inc. bought a new position in Waterstone Financial during the second quarter valued at about $28,000. Quantinno Capital Management LP increased its holdings in Waterstone Financial by 65.2% during the second quarter. Quantinno Capital Management LP now owns 48,225 shares of the savings and loans company's stock worth $666,000 after buying an additional 19,025 shares during the last quarter. Finally, Fourthstone LLC raised its position in Waterstone Financial by 176.7% in the second quarter. Fourthstone LLC now owns 63,194 shares of the savings and loans company's stock worth $873,000 after acquiring an additional 40,357 shares during the period. Hedge funds and other institutional investors own 62.71% of the company's stock.

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.