Waterstone Financial (NASDAQ:WSBF) Stock Price Passes Below 200-Day Moving Average - Here's Why

Shares of Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.33 and traded as low as $13.29. Waterstone Financial shares last traded at $13.41, with a volume of 31,898 shares traded.

Analysts Set New Price Targets

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

Waterstone Financial Trading Up 1.8%

The stock has a market cap of $264.41 million, a P/E ratio of 13.43 and a beta of 0.72. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.22 and a current ratio of 1.31. The firm's fifty day simple moving average is $12.75 and its 200-day simple moving average is $13.28.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter. Waterstone Financial had a net margin of 9.38% and a return on equity of 5.51%. The business had revenue of $29.67 million during the quarter.

Waterstone Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors 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 4.38%. Waterstone Financial's payout ratio is currently 58.82%.

Institutional Trading of Waterstone Financial

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of Waterstone Financial by 16,614.3% during the 1st quarter. GAMMA Investing LLC now owns 2,340 shares of the savings and loans company's stock valued at $31,000 after acquiring an additional 2,326 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Waterstone Financial by 297.4% in the first quarter. Russell Investments Group Ltd. now owns 3,187 shares of the savings and loans company's stock valued at $43,000 after purchasing an additional 2,385 shares in the last quarter. Wells Fargo & Company MN raised its stake in Waterstone Financial by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,441 shares of the savings and loans company's stock valued at $127,000 after purchasing an additional 2,055 shares in the last quarter. Deutsche Bank AG bought a new stake in Waterstone Financial during the fourth quarter valued at approximately $143,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Waterstone Financial in the 1st quarter worth approximately $198,000. 62.71% of the stock is currently owned by hedge funds and other institutional investors.

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.