Waterstone Financial (NASDAQ:WSBF) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday, BidAskClub reports.

Separately, ValuEngine cut Waterstone Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

Shares of Waterstone Financial stock opened at $17.22 on Tuesday. The business has a 50-day moving average of $17.01 and a 200 day moving average of $16.77. Waterstone Financial has a 12 month low of $15.20 and a 12 month high of $17.41. The stock has a market capitalization of $473.41 million, a price-to-earnings ratio of 15.30 and a beta of 0.08. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.59 and a quick ratio of 1.35.

Waterstone Financial (NASDAQ:WSBF) last announced its earnings results on Wednesday, July 24th. The savings and loans company reported $0.37 EPS for the quarter. Waterstone Financial had a return on equity of 7.76% and a net margin of 15.55%. The company had revenue of $48.17 million during the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can purchased a new position in shares of Waterstone Financial in the 2nd quarter valued at about $34,000. Meeder Asset Management Inc. boosted its stake in shares of Waterstone Financial by 169.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,180 shares of the savings and loans company’s stock valued at $38,000 after buying an additional 1,371 shares during the period. Asset Planning Services Ltd. purchased a new position in shares of Waterstone Financial in the 2nd quarter valued at about $62,000. APG Asset Management N.V. purchased a new position in shares of Waterstone Financial in the 2nd quarter valued at about $178,000. Finally, Zebra Capital Management LLC purchased a new position in shares of Waterstone Financial in the 2nd quarter valued at about $181,000. Institutional investors and hedge funds own 59.86% of the company’s stock.

About Waterstone Financial

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 offers 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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