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

Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.65 and traded as low as $12.69. Waterstone Financial shares last traded at $12.90, with a volume of 37,803 shares trading hands.

Analysts Set New Price Targets

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

Waterstone Financial Trading Down 0.2%

The business's 50 day moving average price is $12.63 and its 200-day moving average price is $13.58. The company has a market cap of $243.82 million, a price-to-earnings ratio of 12.50 and a beta of 0.71. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.36 and a current ratio of 1.48.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.17 EPS for the quarter. The firm had revenue of $29.67 million during the quarter. Waterstone Financial had a net margin of 9.23% and a return on equity of 5.75%.

Waterstone Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Tuesday, April 8th. Waterstone Financial's dividend payout ratio is 58.82%.

Insider Buying and Selling at Waterstone Financial

In other news, Director Patrick S. Lawton sold 37,500 shares of Waterstone Financial stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $14.03, for a total value of $526,125.00. Following the completion of the transaction, the director now owns 49,131 shares in the company, valued at $689,307.93. This trade represents a 43.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Raymond Gerke sold 2,738 shares of Waterstone Financial stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $14.14, for a total transaction of $38,715.32. Following the completion of the transaction, the chief financial officer now owns 30,334 shares of the company's stock, valued at $428,922.76. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.40% of the company's stock.

Hedge Funds Weigh In On Waterstone Financial

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Waterstone Financial by 73.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,913 shares of the savings and loans company's stock valued at $763,000 after buying an additional 21,902 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Waterstone Financial by 5.0% in the fourth quarter. Empowered Funds LLC now owns 77,773 shares of the savings and loans company's stock valued at $1,045,000 after purchasing an additional 3,705 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Waterstone Financial in the fourth quarter worth $365,000. John G Ullman & Associates Inc. lifted its position in shares of Waterstone Financial by 19.3% during the fourth quarter. John G Ullman & Associates Inc. now owns 108,342 shares of the savings and loans company's stock worth $1,456,000 after purchasing an additional 17,516 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Waterstone Financial by 27.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,213 shares of the savings and loans company's stock worth $325,000 after purchasing an additional 5,226 shares during the last quarter. Hedge funds and other institutional investors 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.