Waterstone Financial, Inc. Declares Quarterly Dividend of $0.17 (NASDAQ:WSBF)

Waterstone Financial, Inc. (NASDAQ:WSBF) declared a quarterly dividend on Tuesday, June 23rd. Stockholders 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 of this dividend is Wednesday, July 8th.

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

Waterstone Financial Price Performance

Waterstone Financial stock opened at $19.48 on Wednesday. The stock’s 50 day moving average is $18.54 and its 200 day moving average is $17.91. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.29 and a quick ratio of 1.19. The firm has a market cap of $351.61 million, a P/E ratio of 11.73 and a beta of 0.74. Waterstone Financial has a one year low of $13.08 and a one year high of $19.76.

Waterstone Financial (NASDAQ:WSBF) last announced its earnings results on Thursday, April 23rd. The savings and loans company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.32). The company 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WSBF shares. Weiss Ratings restated a “buy (b)” rating on shares of Waterstone Financial in a research report on Friday, May 29th. Wall Street Zen cut shares of Waterstone Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Waterstone Financial Company Profile

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.