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

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

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 44,729. Waterstone Financial has a one year low of $15.11 and a one year high of $21.66. The company has a market capitalization of $360.32 million, a price-to-earnings ratio of 11.65 and a beta of 0.76. The company has a 50-day moving average of $20.19 and a 200 day moving average of $19.32.

Waterstone Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. 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 restated a “buy (b)” rating on shares of Waterstone Financial in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About Waterstone Financial

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.