Waterstone Financial (WSBF) Rating Lowered to Sell at BidaskClub
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.
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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.
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