Waterstone Financial (NASDAQ:WSBF) Issues Earnings Results

Waterstone Financial (NASDAQ:WSBF) announced its quarterly earnings data on Wednesday. The savings and loans company reported $0.44 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $37.17 million during the quarter. Waterstone Financial had a return on equity of 6.99% and a net margin of 12.08%.

Waterstone Financial Stock Performance

Shares of NASDAQ:WSBF opened at $17.03 on Thursday. Waterstone Financial has a 52-week low of $11.61 and a 52-week high of $18.61. The company has a market capitalization of $314.37 million, a PE ratio of 12.80 and a beta of 0.81. The company has a fifty day moving average of $16.68 and a 200-day moving average of $15.40.

Waterstone Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.5%. Waterstone Financial’s dividend payout ratio is 45.11%.

Wall Street Analysts Forecast Growth

Several research firms have commented on WSBF. Wall Street Zen lowered shares of Waterstone Financial from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Waterstone Financial in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Waterstone Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CSM Advisors LLC bought a new position in shares of Waterstone Financial during the second quarter valued at $2,725,000. Ritholtz Wealth Management bought a new stake in shares of Waterstone Financial in the second quarter worth $149,000. Hsbc Holdings PLC increased its holdings in Waterstone Financial by 265.6% in the second quarter. Hsbc Holdings PLC now owns 55,028 shares of the savings and loans company’s stock valued at $768,000 after purchasing an additional 39,978 shares during the period. Fourthstone LLC raised its position in Waterstone Financial by 176.7% during the 2nd 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 during the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in shares of Waterstone Financial in the 2nd quarter valued at about $143,000. Institutional investors and hedge funds own 62.71% of the company’s stock.

About Waterstone Financial

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.