Waterstone Financial (NASDAQ:WSBF) Stock Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Waterstone Financial, Inc. (NASDAQ:WSBF) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $19.62 and traded as low as $19.54. Waterstone Financial shares last traded at $19.73, with a volume of 83,746 shares trading hands.

Analysts Set New Price Targets

WSBF has been the topic of a number of analyst reports. Wall Street Zen cut shares of Waterstone Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Waterstone Financial in a research report on Wednesday, August 26th. 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 Stock Up 0.2%

The firm has a market cap of $357.92 million, a P/E ratio of 11.58 and a beta of 0.74. The company has a fifty day simple moving average of $20.66 and a 200-day simple moving average of $19.64.

Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings results on Thursday, July 23rd. The savings and loans company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.17). Waterstone Financial had a net margin of 14.57% and a return on equity of 8.64%. The firm had revenue of $40.25 million for the quarter, compared to the consensus estimate of $65.80 million.

Waterstone Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 8th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, October 8th. This represents a $0.68 annualized dividend and a dividend yield of 3.4%. Waterstone Financial’s dividend payout ratio is 39.53%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Waterstone Financial in the 2nd quarter worth $34,034,000. Donald Smith & CO. Inc. purchased a new position in Waterstone Financial in the second quarter worth approximately $3,412,000. Quantinno Capital Management LP grew its holdings in Waterstone Financial by 10.0% during the 1st quarter. Quantinno Capital Management LP now owns 141,411 shares of the savings and loans company’s stock worth $2,550,000 after acquiring an additional 12,808 shares in the last quarter. Empowered Funds LLC acquired a new position in Waterstone Financial in the second quarter valued at approximately $2,390,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Waterstone Financial during the 2nd quarter worth approximately $1,877,000. 62.71% of the stock is owned by institutional investors and hedge funds.

About Waterstone Financial

Waterstone Financial, Inc (NASDAQ: WSBF) is a savings and loan holding company headquartered in Wauwatosa, Wisconsin. Its principal subsidiary, WaterStone Bank, is a Wisconsin-chartered bank that provides banking and financial services to individuals, families, businesses and community organizations.

WaterStone Bank offers deposit products such as checking, savings, money market and certificate accounts, along with lending services. Its loan portfolio has included residential mortgages, home equity loans, commercial real estate loans, construction financing, business loans and consumer credit.