Weiss Ratings Reaffirms Hold (C) Rating for Waterstone Financial (NASDAQ:WSBF)

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Waterstone Financial (NASDAQ:WSBF) in a recent research note.
• Waterstone Financial's stock price rose 0.9% to $14.90, with a market capitalization of $278.33 million and a P/E ratio of 13.08.
• Insider activity included Director Michael L. Hansen selling 109,527 shares, resulting in an 98.61% decrease in his ownership of the stock.

Waterstone Financial (NASDAQ:WSBF - Get Free Report)'s stock had its "hold (c)" rating reissued by Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Waterstone Financial Stock Up 0.9%

Shares of NASDAQ WSBF traded up $0.13 during trading hours on Tuesday, hitting $14.90. The company had a trading volume of 20,616 shares, compared to its average volume of 52,349. The stock has a market capitalization of $278.33 million, a P/E ratio of 13.08 and a beta of 0.77. Waterstone Financial has a 1-year low of $11.61 and a 1-year high of $16.86. The firm's 50 day moving average is $14.81 and its 200-day moving average is $13.65.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The savings and loans company reported $0.43 earnings per share (EPS) for the quarter. The business had revenue of $38.04 million during the quarter. Waterstone Financial had a return on equity of 6.07% and a net margin of 10.47%.

Insider Activity at Waterstone Financial

In related news, Director Michael L. Hansen sold 109,527 shares of Waterstone Financial stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $14.05, for a total value of $1,538,854.35. Following the transaction, the director directly owned 1,541 shares of the company's stock, valued at $21,651.05. The trade was a 98.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 185,000 shares of company stock valued at $2,585,720 over the last quarter. 8.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Waterstone Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in WSBF. Bridgeway Capital Management LLC increased its holdings in Waterstone Financial by 1.9% in the second quarter. Bridgeway Capital Management LLC now owns 438,837 shares of the savings and loans company's stock worth $6,060,000 after purchasing an additional 8,199 shares in the last quarter. Bank of America Corp DE increased its holdings in Waterstone Financial by 44.7% in the second quarter. Bank of America Corp DE now owns 37,012 shares of the savings and loans company's stock worth $511,000 after purchasing an additional 11,427 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Waterstone Financial in the second quarter worth approximately $28,000. Quantinno Capital Management LP increased its holdings in Waterstone Financial by 65.2% in the second quarter. Quantinno Capital Management LP now owns 48,225 shares of the savings and loans company's stock worth $666,000 after purchasing an additional 19,025 shares in the last quarter. Finally, Fourthstone LLC increased its holdings in Waterstone Financial by 176.7% in the second quarter. Fourthstone LLC now owns 63,194 shares of the savings and loans company's stock worth $873,000 after purchasing an additional 40,357 shares in the last quarter. 62.71% of the stock is owned by institutional investors and hedge funds.

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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