Waterstone Financial (NASDAQ:WSBF) Posts Quarterly Earnings Results

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

Waterstone Financial Price Performance

Shares of WSBF remained flat at $13.73 during midday trading on Friday. The stock had a trading volume of 29,794 shares, compared to its average volume of 47,285. The stock has a market cap of $264.99 million, a P/E ratio of 12.04 and a beta of 0.73. Waterstone Financial has a twelve month low of $11.61 and a twelve month high of $16.86. The firm has a fifty day simple moving average of $13.43 and a 200-day simple moving average of $13.27. 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 Announces Dividend

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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Tuesday, July 8th. Waterstone Financial's dividend payout ratio (DPR) is currently 52.63%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Waterstone Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted 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 in the last quarter. AQR Capital Management LLC raised its holdings in shares of Waterstone Financial by 16.7% during the first 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 increased its stake in shares of Waterstone Financial by 29.8% during the first quarter. Jane Street Group LLC now owns 25,843 shares of the savings and loans company's stock valued at $348,000 after acquiring an additional 5,928 shares during the period. Institutional investors and hedge funds 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.