Waterstone Financial (WSBF) PT Set at $19.00 by Sandler O’Neill

Waterstone Financial (NASDAQ:WSBF) received a $19.00 price target from equities researchers at Sandler O’Neill in a report released on Wednesday. The brokerage presently has a “hold” rating on the savings and loans company’s stock. Sandler O’Neill’s price objective points to a potential upside of 10.79% from the stock’s current price.

Separately, BidaskClub lowered shares of Waterstone Financial from a “sell” rating to a “strong sell” rating in a report on Friday, December 29th.

Waterstone Financial (NASDAQ WSBF) traded up $0.20 during trading on Wednesday, reaching $17.15. 77,300 shares of the company’s stock were exchanged, compared to its average volume of 87,767. The firm has a market cap of $499.84, a price-to-earnings ratio of 16.33 and a beta of 0.08. Waterstone Financial has a 12 month low of $16.90 and a 12 month high of $20.40. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.58.

Waterstone Financial (NASDAQ:WSBF) last released its earnings results on Tuesday, October 24th. The savings and loans company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.03). The business had revenue of $46.09 million for the quarter. Waterstone Financial had a return on equity of 7.11% and a net margin of 15.14%.

In other news, insider Rebecca M. Arndt sold 6,000 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $19.79, for a total value of $118,740.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.30% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Waterstone Financial in the 3rd quarter valued at $103,000. Macquarie Group Ltd. purchased a new position in shares of Waterstone Financial in the 3rd quarter valued at $157,000. Advisor Group Inc. grew its position in shares of Waterstone Financial by 8.6% in the 2nd quarter. Advisor Group Inc. now owns 10,316 shares of the savings and loans company’s stock valued at $195,000 after buying an additional 814 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Waterstone Financial in the 2nd quarter valued at $195,000. Finally, North Star Asset Management Inc. grew its position in shares of Waterstone Financial by 10.6% in the 2nd quarter. North Star Asset Management Inc. now owns 12,166 shares of the savings and loans company’s stock valued at $229,000 after buying an additional 1,166 shares during the last quarter. Institutional investors and hedge funds own 59.77% of the company’s stock.

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Waterstone Financial Company Profile

Waterstone Financial, Inc is the holding company of WaterStone Bank SSB (WaterStone Bank). WaterStone Bank is a community bank. The Company operates in two segments: community banking and mortgage banking. The community banking segment provides consumer and business banking products and services. Its consumer products include loan products, deposit products, and personal investment services.

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