Waterstone Financial (NASDAQ:WSBF) Releases Earnings Results

Waterstone Financial (NASDAQ:WSBF - Get Free Report) posted its earnings results on Tuesday. The savings and loans company reported $0.17 EPS for the quarter, Zacks reports. Waterstone Financial had a net margin of 9.23% and a return on equity of 5.75%. The firm had revenue of $29.67 million for the quarter.

Waterstone Financial Stock Performance

WSBF traded down $0.23 during trading on Friday, hitting $12.00. The stock had a trading volume of 47,976 shares, compared to its average volume of 42,552. The firm has a market cap of $231.84 million, a PE ratio of 11.88 and a beta of 0.63. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 1.64. Waterstone Financial has a 12 month low of $11.25 and a 12 month high of $16.86. The company has a 50 day simple moving average of $13.22 and a 200-day simple moving average of $13.92.

Waterstone Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Tuesday, April 8th. Waterstone Financial's dividend payout ratio is currently 58.82%.

Insider Buying and Selling at Waterstone Financial

In other news, Director Patrick S. Lawton sold 37,500 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $14.03, for a total transaction of $526,125.00. Following the completion of the sale, the director now owns 49,131 shares of the company's stock, valued at approximately $689,307.93. This trade represents a 43.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen J. Schmidt sold 2,195 shares of Waterstone Financial stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $13.76, for a total value of $30,203.20. Following the completion of the transaction, the director now directly owns 70,078 shares of the company's stock, valued at $964,273.28. This represents a 3.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,669 shares of company stock worth $929,283 over the last ninety days. Company insiders own 8.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Waterstone Financial from a "buy" rating to a "hold" rating in a research note on Friday.

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.