Waterstone Financial (NASDAQ:WSBF) Posts Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Waterstone Financial (NASDAQ:WSBF) issued its quarterly earnings data on Friday. The savings and loans company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.30), FiscalAI reports. Waterstone Financial had a return on equity of 8.64% and a net margin of 14.57%. The company had revenue of $35.71 million for the quarter, compared to analyst estimates of $65.80 million.

Waterstone Financial Trading Down 0.5%

Shares of Waterstone Financial stock traded down $0.10 on Friday, reaching $20.04. 40,677 shares of the company were exchanged, compared to its average volume of 66,119. The company has a market capitalization of $360.32 million, a price-to-earnings ratio of 11.65 and a beta of 0.76. Waterstone Financial has a one year low of $15.11 and a one year high of $21.66. The company has a 50-day moving average of $20.22 and a 200 day moving average of $19.31.

Waterstone Financial Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently weighed in on WSBF. Wall Street Zen lowered shares of Waterstone Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Waterstone Financial in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Waterstone Financial Company Profile

Waterstone Financial, Inc. is a bank holding company based in Wauwatosa, Wisconsin. Its principal subsidiary, WaterStone Bank, provides personal and business banking services, including deposit accounts, mortgage loans, home equity financing and other lending products. WaterStone Financial also operates Waterstone Mortgage Corporation, which originates residential mortgage loans. Together, the businesses serve customers through community banking in southeastern Wisconsin and mortgage lending in a broader range of markets.