Waterstone Financial, Inc. (NASDAQ:WSBF) to Issue $0.17 Quarterly Dividend

by · The Markets Daily

Waterstone Financial, Inc. (NASDAQ:WSBF – Get Free Report) declared a quarterly dividend on Tuesday, June 23rd. Investors of record on Wednesday, July 8th will be paid a dividend of 0.17 per share by the savings and loans company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, July 8th.

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

Waterstone Financial Stock Performance

NASDAQ WSBF opened at $19.48 on Wednesday. The company has a fifty day simple moving average of $18.54 and a 200 day simple moving average of $17.91. Waterstone Financial has a 12-month low of $13.08 and a 12-month high of $19.76. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 1.19. The company has a market cap of $351.61 million, a P/E ratio of 11.73 and a beta of 0.74.

Waterstone Financial (NASDAQ:WSBF – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The savings and loans company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.32). The business had revenue of $35.69 million during the quarter, compared to the consensus estimate of $65.80 million. Waterstone Financial had a net margin of 14.28% and a return on equity of 8.48%.

Insider Buying and Selling

In other Waterstone Financial news, CFO Mark Raymond Gerke sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.34, for a total value of $183,400.00. Following the transaction, the chief financial officer directly owned 30,034 shares in the company, valued at $550,823.56. The trade was a 24.98% 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. Corporate insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Waterstone Financial

Several large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Waterstone Financial by 557.9% during 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 purchasing an additional 1,590 shares during the period. Larson Financial Group LLC bought a new stake in shares of Waterstone Financial in the third quarter valued at $30,000. Raymond James Financial Inc. purchased a new position in shares of Waterstone Financial during the 2nd quarter valued at $28,000. Simplex Trading LLC lifted its position in shares of Waterstone Financial by 69.3% during the 4th quarter. Simplex Trading LLC now owns 2,306 shares of the savings and loans company’s stock valued at $38,000 after buying an additional 944 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Waterstone Financial during the 4th quarter worth $126,000. Hedge funds and other institutional investors own 62.71% of the company’s stock.

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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