Vanguard Group Inc. Boosts Stake in Waterstone Financial, Inc. (WSBF)
Vanguard Group Inc. increased its stake in Waterstone Financial, Inc. (NASDAQ:WSBF) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,104,596 shares of the savings and loans company’s stock after buying an additional 12,199 shares during the quarter. Vanguard Group Inc. owned about 4.02% of Waterstone Financial worth $20,822,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of WSBF. Marshall Wace North America L.P. bought a new stake in Waterstone Financial in the second quarter worth $195,000. Alliancebernstein L.P. lifted its position in Waterstone Financial by 48.0% in the second quarter. Alliancebernstein L.P. now owns 18,800 shares of the savings and loans company’s stock worth $354,000 after buying an additional 6,100 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in Waterstone Financial in the second quarter worth $664,000. Chicago Equity Partners LLC bought a new stake in Waterstone Financial in the second quarter worth $677,000. Finally, Swiss National Bank lifted its position in Waterstone Financial by 11.5% in the second quarter. Swiss National Bank now owns 42,700 shares of the savings and loans company’s stock worth $805,000 after buying an additional 4,400 shares during the last quarter. Institutional investors own 59.09% of the company’s stock.
In other Waterstone Financial news, insider Rebecca M. Arndt sold 6,000 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $19.79, for a total value of $118,740.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 12.30% of the company’s stock.
Shares of Waterstone Financial, Inc. (NASDAQ:WSBF) opened at $18.35 on Wednesday. The stock has a market capitalization of $538.18, a price-to-earnings ratio of 17.38 and a beta of 0.06. Waterstone Financial, Inc. has a 52-week low of $17.25 and a 52-week high of $20.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.58 and a quick ratio of 1.40.
Waterstone Financial (NASDAQ:WSBF) last released its earnings results on Tuesday, October 24th. The savings and loans company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). Waterstone Financial had a return on equity of 7.11% and a net margin of 15.14%. The business had revenue of $46.09 million during the quarter.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Shareholders of record on Thursday, October 12th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.62%. Waterstone Financial’s payout ratio is 45.71%.
WSBF has been the subject of a number of analyst reports. BidaskClub upgraded Waterstone Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Sandler O’Neill upgraded Waterstone Financial from a “hold” rating to a “buy” rating and lowered their price target for the stock from $20.50 to $20.00 in a research report on Thursday, September 7th.
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Waterstone Financial Profile
Waterstone Financial, Inc is the holding company of WaterStone Bank SSB (WaterStone Bank). WaterStone Bank is a community bank. The Company operates in two segments: community banking and mortgage banking. The community banking segment provides consumer and business banking products and services. Its consumer products include loan products, deposit products, and personal investment services.
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