Waterstone Financial, Inc. (NASDAQ:WSBF) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Shares of Waterstone Financial (WSBF) traded up 0.83% on Tuesday, hitting $18.15. 34,784 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $18.95 and its 200 day moving average price is $18.63. Waterstone Financial has a 12-month low of $15.70 and a 12-month high of $20.40. The stock has a market cap of $498.87 million, a price-to-earnings ratio of 17.29 and a beta of 0.14.

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A number of institutional investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA increased its position in Waterstone Financial by 13,814.9% in the second quarter. Federated Investors Inc. PA now owns 143,184 shares of the savings and loans company’s stock worth $2,699,000 after buying an additional 142,155 shares in the last quarter. Bowling Portfolio Management LLC purchased a new position in Waterstone Financial during the second quarter worth approximately $664,000. Russell Investments Group Ltd. increased its position in Waterstone Financial by 26.3% in the second quarter. Russell Investments Group Ltd. now owns 125,783 shares of the savings and loans company’s stock worth $2,372,000 after buying an additional 26,168 shares in the last quarter. Wedge Capital Management L L P NC increased its position in Waterstone Financial by 23.6% in the second quarter. Wedge Capital Management L L P NC now owns 82,231 shares of the savings and loans company’s stock worth $1,550,000 after buying an additional 15,700 shares in the last quarter. Finally, Seidman Lawrence B increased its position in Waterstone Financial by 1.3% in the second quarter. Seidman Lawrence B now owns 799,899 shares of the savings and loans company’s stock worth $15,338,000 after buying an additional 10,500 shares in the last quarter. Hedge funds and other institutional investors own 57.94% of the company’s stock.

About Waterstone Financial

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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