Waterstone Financial (NASDAQ:WSBF) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

by · The Markets Daily

Waterstone Financial (NASDAQ:WSBF – Get Free Report) issued its quarterly earnings data on Thursday. The savings and loans company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.17), FiscalAI reports. Waterstone Financial had a net margin of 14.28% and a return on equity of 8.48%. The business had revenue of $40.25 million during the quarter, compared to the consensus estimate of $65.80 million.

Waterstone Financial Stock Performance

NASDAQ:WSBF opened at $19.45 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.19 and a current ratio of 1.29. Waterstone Financial has a fifty-two week low of $13.08 and a fifty-two week high of $21.03. The company has a 50 day simple moving average of $19.29 and a two-hundred day simple moving average of $18.43. The company has a market capitalization of $351.07 million, a PE ratio of 11.72 and a beta of 0.71.

Waterstone Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, July 8th. Waterstone Financial’s dividend payout ratio is currently 40.96%.

Insider Activity at Waterstone Financial

In other news, CFO Mark Raymond Gerke sold 10,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $18.34, for a total value of $183,400.00. Following the sale, the chief financial officer directly owned 30,034 shares of the company’s stock, valued at approximately $550,823.56. This represents a 24.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 6.00% of the company’s stock.

Institutional Trading of Waterstone Financial

Institutional investors have recently bought and sold shares of the company. Mariner LLC increased its holdings in Waterstone Financial by 32.9% in the fourth quarter. Mariner LLC now owns 19,480 shares of the savings and loans company’s stock worth $322,000 after purchasing an additional 4,826 shares in the last quarter. Martingale Asset Management L P bought a new position in shares of Waterstone Financial during the 4th quarter worth approximately $321,000. Wells Fargo & Company MN boosted its holdings in shares of Waterstone Financial by 35.7% during the 4th quarter. Wells Fargo & Company MN now owns 17,764 shares of the savings and loans company’s stock worth $294,000 after buying an additional 4,675 shares in the last quarter. Millennium Management LLC grew its position in shares of Waterstone Financial by 48.6% during the 3rd quarter. Millennium Management LLC now owns 27,654 shares of the savings and loans company’s stock worth $431,000 after buying an additional 9,041 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Waterstone Financial by 728.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 25,329 shares of the savings and loans company’s stock valued at $395,000 after acquiring an additional 22,273 shares in the last quarter. Institutional investors own 62.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WSBF shares. Weiss Ratings reissued a “buy (b)” rating on shares of Waterstone Financial in a report on Friday, May 29th. Wall Street Zen lowered shares of Waterstone Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Check Out Our Latest Research Report on WSBF

About Waterstone Financial

(Get Free Report)

Waterstone Financial, Inc is a bank holding company based in Glendale, Wisconsin, that provides a broad range of financial services to individuals, businesses and institutions. Its primary operations are conducted through its wholly owned subsidiary, Waterstone Bank, which offers deposit products, loan facilities and treasury management services. The company focuses on delivering relationship-based banking solutions tailored to the needs of small and medium-sized enterprises as well as retail customers.

In addition to traditional commercial and consumer banking, Waterstone Financial supports its clients with specialized financing, including real estate, equipment and asset-based lending.

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