Waterstone Financial (NASDAQ:WSBF) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Waterstone Financial, Inc. (NASDAQ:WSBF)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.84 and traded as high as $19.60. Waterstone Financial shares last traded at $19.21, with a volume of 79,096 shares trading hands.

Analyst Upgrades and Downgrades

WSBF has been the topic of several recent research reports. Wall Street Zen lowered shares of Waterstone Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “buy (b)” rating on shares of Waterstone Financial in a research note on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Waterstone Financial Trading Up 0.7%

The company has a market cap of $346.74 million, a P/E ratio of 11.57 and a beta of 0.74. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average price of $18.50 and a 200-day moving average price of $17.84.

Waterstone Financial (NASDAQ:WSBF) last released its earnings results on Thursday, April 23rd. The savings and loans company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.32). The firm had revenue of $35.69 million during the quarter, compared to the consensus estimate of $65.80 million. Waterstone Financial had a net margin of 14.28% and a return on equity of 8.48%.

Insider Buying and Selling

In other news, CFO Mark Raymond Gerke sold 10,000 shares of Waterstone Financial stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.34, for a total value of $183,400.00. Following the completion of the transaction, the chief financial officer owned 30,034 shares of the company’s stock, valued at $550,823.56. This trade represents a 24.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Waterstone Financial

Several hedge funds have recently bought and sold shares of the company. Barclays PLC increased its position in Waterstone Financial by 2.5% during the fourth quarter. Barclays PLC now owns 30,924 shares of the savings and loans company’s stock worth $512,000 after buying an additional 750 shares during the last quarter. Simplex Trading LLC raised its stake in Waterstone Financial by 69.3% in the fourth quarter. Simplex Trading LLC now owns 2,306 shares of the savings and loans company’s stock valued at $38,000 after buying an additional 944 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Waterstone Financial by 557.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company’s stock valued at $26,000 after buying an additional 1,590 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Waterstone Financial by 6.7% in the second quarter. Rhumbline Advisers now owns 26,848 shares of the savings and loans company’s stock valued at $371,000 after buying an additional 1,676 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Waterstone Financial during the 3rd quarter worth approximately $30,000. 62.71% of the stock is currently owned by institutional investors and hedge funds.

Waterstone Financial Company Profile

Waterstone Financial, Inc is a bank holding company based in Glendale, Wisconsin, that provides a broad range of financial services to individuals, businesses and institutions. Its primary operations are conducted through its wholly owned subsidiary, Waterstone Bank, which offers deposit products, loan facilities and treasury management services. The company focuses on delivering relationship-based banking solutions tailored to the needs of small and medium-sized enterprises as well as retail customers.

In addition to traditional commercial and consumer banking, Waterstone Financial supports its clients with specialized financing, including real estate, equipment and asset-based lending.