Waterstone Financial (NASDAQ:WSBF) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Separately, Sandler O’Neill raised shares of Waterstone Financial from a “hold” rating to a “buy” rating and lowered their price target for the company from $20.50 to $20.00 in a report on Thursday, September 7th.

Shares of Waterstone Financial (WSBF) opened at $18.10 on Tuesday. The stock has a market cap of $529.33, a price-to-earnings ratio of 17.09 and a beta of 0.04. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 1.06. Waterstone Financial has a fifty-two week low of $17.27 and a fifty-two week high of $20.40.

Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.03). The business had revenue of $46.09 million during the quarter. Waterstone Financial had a net margin of 15.14% and a return on equity of 7.11%.

In other Waterstone Financial news, insider Rebecca M. Arndt sold 6,000 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $19.79, for a total value of $118,740.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Waterstone Financial in the 3rd quarter valued at $103,000. Macquarie Group Ltd. bought a new stake in Waterstone Financial in the 3rd quarter valued at $157,000. Marshall Wace North America L.P. bought a new stake in Waterstone Financial in the 2nd quarter valued at $195,000. Advisor Group Inc. increased its holdings in Waterstone Financial by 8.6% in the 2nd quarter. Advisor Group Inc. now owns 10,316 shares of the savings and loans company’s stock valued at $195,000 after buying an additional 814 shares during the period. Finally, North Star Asset Management Inc. increased its holdings in Waterstone Financial by 10.6% in the 2nd quarter. North Star Asset Management Inc. now owns 12,166 shares of the savings and loans company’s stock valued at $229,000 after buying an additional 1,166 shares during the period. 59.77% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.watchlistnews.com/waterstone-financial-wsbf-rating-lowered-to-sell-at-bidaskclub/1763011.html.

About Waterstone Financial

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.

Receive News & Ratings for Waterstone Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waterstone Financial and related companies with MarketBeat.com's FREE daily email newsletter.