Foundry Partners LLC decreased its stake in Waterstone Financial, Inc. (NASDAQ:WSBF) by 2.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 225,475 shares of the savings and loans company’s stock after selling 6,475 shares during the quarter. Foundry Partners LLC owned approximately 0.77% of Waterstone Financial worth $3,867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in shares of Waterstone Financial in the first quarter worth about $183,000. Barclays PLC boosted its position in Waterstone Financial by 141.3% during the first quarter. Barclays PLC now owns 10,810 shares of the savings and loans company’s stock worth $187,000 after purchasing an additional 6,331 shares in the last quarter. Millennium Management LLC boosted its position in Waterstone Financial by 41.9% during the second quarter. Millennium Management LLC now owns 32,290 shares of the savings and loans company’s stock worth $551,000 after purchasing an additional 9,534 shares in the last quarter. California Public Employees Retirement System boosted its position in Waterstone Financial by 35.7% during the first quarter. California Public Employees Retirement System now owns 49,264 shares of the savings and loans company’s stock worth $852,000 after purchasing an additional 12,963 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Waterstone Financial by 30.5% during the second quarter. American Century Companies Inc. now owns 68,054 shares of the savings and loans company’s stock worth $1,160,000 after purchasing an additional 15,892 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

A number of brokerages have issued reports on WSBF. BidaskClub upgraded Waterstone Financial from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. UBS Group reiterated a “sell” rating and set a $12.75 price target on shares of Waterstone Financial in a research report on Thursday, August 9th. Finally, ValuEngine downgraded Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

In other news, Director Ellen Syburg Bartel sold 7,734 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $17.01, for a total value of $131,555.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eric J. Egenhoefer sold 25,449 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $17.00, for a total value of $432,633.00. The disclosure for this sale can be found here. Insiders have sold 50,734 shares of company stock worth $862,555 in the last quarter. 12.00% of the stock is currently owned by company insiders.

Shares of WSBF stock opened at $16.54 on Friday. The company has a market cap of $485.29 million, a price-to-earnings ratio of 15.62 and a beta of 0.06. The company has a current ratio of 1.56, a quick ratio of 1.41 and a debt-to-equity ratio of 1.07. Waterstone Financial, Inc. has a 12-month low of $16.25 and a 12-month high of $20.05.

Waterstone Financial (NASDAQ:WSBF) last issued its quarterly earnings results on Tuesday, July 31st. The savings and loans company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $47.04 million for the quarter. Waterstone Financial had a return on equity of 7.28% and a net margin of 14.16%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 12th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.90%.

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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Institutional Ownership by Quarter for Waterstone Financial (NASDAQ:WSBF)

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