Federated Hermes Inc. Reduces Holdings in Waterstone Financial, Inc. (NASDAQ:WSBF)

Federated Hermes Inc. cut its position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 30.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,997 shares of the savings and loans company’s stock after selling 58,352 shares during the quarter. Federated Hermes Inc.’s holdings in Waterstone Financial were worth $1,889,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Strs Ohio grew its position in Waterstone Financial by 6.1% during the 3rd quarter. Strs Ohio now owns 26,000 shares of the savings and loans company’s stock worth $284,000 after acquiring an additional 1,500 shares during the last quarter. BKM Wealth Management LLC bought a new position in Waterstone Financial during the 4th quarter worth approximately $28,000. Brandywine Global Investment Management LLC grew its position in Waterstone Financial by 1.7% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 164,690 shares of the savings and loans company’s stock worth $1,803,000 after acquiring an additional 2,800 shares during the last quarter. Seizert Capital Partners LLC grew its position in Waterstone Financial by 3.0% during the 3rd quarter. Seizert Capital Partners LLC now owns 155,904 shares of the savings and loans company’s stock worth $1,707,000 after acquiring an additional 4,580 shares during the last quarter. Finally, Arnhold LLC grew its position in Waterstone Financial by 33.3% during the 3rd quarter. Arnhold LLC now owns 20,000 shares of the savings and loans company’s stock worth $219,000 after acquiring an additional 5,000 shares during the last quarter. 62.71% of the stock is currently owned by institutional investors.

Waterstone Financial Price Performance

WSBF opened at $11.79 on Monday. The stock’s 50 day simple moving average is $11.75 and its 200 day simple moving average is $12.26. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.55 and a quick ratio of 1.41. Waterstone Financial, Inc. has a 1 year low of $9.62 and a 1 year high of $15.56. The firm has a market cap of $234.86 million, a price-to-earnings ratio of 25.63 and a beta of 0.59.

Waterstone Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Friday, April 5th. Waterstone Financial’s dividend payout ratio (DPR) is currently 130.43%.

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 in 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, money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposits, individual retirement accounts, and certificates of deposit; 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, insurance products, and trust and investment management accounts.