Waterstone Financial, Inc. (NASDAQ:WSBF) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in Waterstone Financial, Inc. (NASDAQ:WSBF) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,942 shares of the savings and loans company’s stock after purchasing an additional 1,195 shares during the period. Bank of New York Mellon Corp owned 0.40% of Waterstone Financial worth $1,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bridgeway Capital Management LLC lifted its stake in Waterstone Financial by 0.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 431,520 shares of the savings and loans company’s stock valued at $5,800,000 after buying an additional 3,705 shares during the last quarter. Northern Trust Corp lifted its position in Waterstone Financial by 3.2% in the 4th quarter. Northern Trust Corp now owns 163,551 shares of the savings and loans company’s stock valued at $2,198,000 after purchasing an additional 5,029 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Waterstone Financial by 8.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 110,709 shares of the savings and loans company’s stock valued at $1,488,000 after purchasing an additional 8,584 shares during the period. JPMorgan Chase & Co. grew its position in Waterstone Financial by 64.9% in the 4th quarter. JPMorgan Chase & Co. now owns 85,628 shares of the savings and loans company’s stock worth $1,151,000 after purchasing an additional 33,715 shares during the last quarter. Finally, Fourthstone LLC bought a new stake in shares of Waterstone Financial during the fourth quarter valued at approximately $504,000. Institutional investors and hedge funds own 62.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Waterstone Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 25th.

Insider Activity

In related news, Director Michael L. Hansen sold 36,465 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $13.83, for a total value of $504,310.95. Following the sale, the director directly owned 150,076 shares in the company, valued at $2,075,551.08. The trade was a 19.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.40% of the stock is owned by corporate insiders.

Waterstone Financial Stock Down 0.7%

WSBF stock opened at $13.31 on Friday. Waterstone Financial, Inc. has a 52 week low of $11.61 and a 52 week high of $16.86. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $256.88 million, a price-to-earnings ratio of 11.68 and a beta of 0.73. The firm’s 50-day moving average is $13.49 and its two-hundred day moving average is $13.30.

Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings data on Tuesday, July 22nd. The savings and loans company reported $0.43 earnings per share for the quarter. Waterstone Financial had a return on equity of 6.07% and a net margin of 10.47%. The business had revenue of $38.04 million during the quarter.

Waterstone Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 8th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. Waterstone Financial’s payout ratio is currently 52.63%.

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 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.