Waterstone Financial, Inc. (NASDAQ:WSBF) to Issue $0.15 Quarterly Dividend

by · The Cerbat Gem

Waterstone Financial, Inc. (NASDAQ:WSBF – Get Free Report) declared a quarterly dividend on Thursday, December 18th. Shareholders of record on Thursday, January 8th will be paid a dividend of 0.15 per share by the savings and loans company on Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Thursday, January 8th.

Waterstone Financial has decreased its dividend by an average of 0.1%per year over the last three years.

Waterstone Financial Price Performance

Shares of WSBF traded up $0.09 during trading hours on Friday, hitting $17.08. The company’s stock had a trading volume of 8,410 shares, compared to its average volume of 51,332. The business has a 50 day simple moving average of $15.62 and a two-hundred day simple moving average of $14.70. Waterstone Financial has a 52-week low of $11.61 and a 52-week high of $17.26. The company has a market cap of $315.20 million, a price-to-earnings ratio of 12.84 and a beta of 0.82.

Waterstone Financial (NASDAQ:WSBF – Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The savings and loans company reported $0.45 EPS for the quarter. The company had revenue of $37.04 million during the quarter. Waterstone Financial had a net margin of 12.08% and a return on equity of 6.99%.

Insider Buying and Selling

In related news, Director Michael L. Hansen sold 79,872 shares of Waterstone Financial stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $15.16, for a total value of $1,210,859.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Waterstone Financial

A number of large investors have recently made changes to their positions in WSBF. EverSource Wealth Advisors LLC boosted its position in Waterstone Financial by 557.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company’s stock valued at $26,000 after buying an additional 1,590 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Waterstone Financial in the 2nd quarter valued at $28,000. Larson Financial Group LLC purchased a new stake in shares of Waterstone Financial in the 3rd quarter valued at $30,000. Russell Investments Group Ltd. increased its stake in shares of 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 worth $43,000 after acquiring an additional 2,385 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in Waterstone Financial in the second quarter valued at $138,000. 62.71% of the stock is owned by hedge funds and other institutional investors.

About Waterstone Financial

(Get Free Report)

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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