Waterstone Financial (NASDAQ:WSBF) Announces Earnings Results

Waterstone Financial (NASDAQ:WSBF - Get Free Report) released its earnings results on Tuesday. The savings and loans company reported $0.43 EPS for the quarter, Zacks reports. Waterstone Financial had a net margin of 9.38% and a return on equity of 5.51%.

Waterstone Financial Stock Up 0.6%

NASDAQ:WSBF traded up $0.08 on Tuesday, hitting $13.64. 43,228 shares of the company's stock were exchanged, compared to its average volume of 44,287. The firm has a 50-day moving average price of $13.33 and a 200-day moving average price of $13.25. 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 has a 52 week low of $11.61 and a 52 week high of $16.86. The company has a market cap of $263.25 million, a P/E ratio of 13.37 and a beta of 0.73.

Waterstone Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $0.60 annualized dividend and a yield of 4.40%. Waterstone Financial's dividend payout ratio (DPR) is presently 58.82%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Waterstone Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in WSBF. Empowered Funds LLC grew its stake 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 buying an additional 5,818 shares during the last quarter. AQR Capital Management LLC grew its stake 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 buying an additional 6,512 shares during the last quarter. Finally, Jane Street Group LLC grew its stake 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 buying an additional 5,928 shares during the last quarter. 62.71% of the stock is owned by institutional investors.

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.

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