Banc Funds Co. LLC lessened its holdings in Waterstone Financial, Inc. (NASDAQ:WSBF) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 708,972 shares of the savings and loans company’s stock after selling 65,685 shares during the quarter. Banc Funds Co. LLC owned approximately 2.46% of Waterstone Financial worth $12,159,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. bought a new position in Waterstone Financial in the 1st quarter valued at approximately $183,000. Millennium Management LLC raised its holdings in Waterstone Financial by 41.9% in the 2nd quarter. Millennium Management LLC now owns 32,290 shares of the savings and loans company’s stock valued at $551,000 after buying an additional 9,534 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Waterstone Financial by 15.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 59,105 shares of the savings and loans company’s stock valued at $1,013,000 after buying an additional 7,832 shares during the last quarter. California Public Employees Retirement System raised its holdings in Waterstone Financial by 22.5% in the 2nd quarter. California Public Employees Retirement System now owns 60,355 shares of the savings and loans company’s stock valued at $1,029,000 after buying an additional 11,091 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Waterstone Financial by 30.5% in the 2nd quarter. American Century Companies Inc. now owns 68,054 shares of the savings and loans company’s stock valued at $1,160,000 after buying an additional 15,892 shares during the last quarter. Institutional investors and hedge funds own 58.73% of the company’s stock.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Waterstone Financial from a “sell” rating to a “hold” rating in a report on Saturday, September 29th. UBS Group reiterated a “sell” rating and issued a $12.75 price objective on shares of Waterstone Financial in a report on Thursday, August 9th. Finally, ValuEngine lowered shares of Waterstone Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.
In other Waterstone Financial news, Director Ellen Syburg Bartel sold 7,734 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $17.01, for a total transaction of $131,555.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.00% of the stock is currently owned by company insiders.
Waterstone Financial stock opened at $16.78 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.59 and a quick ratio of 1.40. Waterstone Financial, Inc. has a 52-week low of $15.20 and a 52-week high of $19.35. The company has a market cap of $481.45 million, a price-to-earnings ratio of 15.05 and a beta of 0.12.
Waterstone Financial (NASDAQ:WSBF) last released its quarterly earnings results on Tuesday, October 23rd. The savings and loans company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. Waterstone Financial had a net margin of 14.65% and a return on equity of 7.64%. The firm had revenue of $47.91 million during the quarter.
The company also recently declared a quarterly dividend, which was paid on Friday, November 2nd. Shareholders of record on Friday, October 12th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $0.48 annualized dividend and a yield of 2.86%.
Waterstone Financial Profile
Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates through two segments, Community Banking and Mortgage Banking. The Community Banking segment provides consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, and money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposit, and individual retirement accounts, as well as certificates of deposit; lending solutions consisting of residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; and fixed and variable annuities, and insurance products, as well as trust and investment management accounts.
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