Invesco Ltd. Lowers Holdings in Waterstone Financial, Inc. $WSBF

Invesco Ltd. cut its holdings in Waterstone Financial, Inc. (NASDAQ:WSBF) by 28.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,477 shares of the savings and loans company’s stock after selling 14,353 shares during the period. Invesco Ltd. owned 0.18% of Waterstone Financial worth $477,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Waterstone Financial by 16,614.3% in the 1st quarter. GAMMA Investing LLC now owns 2,340 shares of the savings and loans company’s stock worth $31,000 after purchasing an additional 2,326 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Waterstone Financial by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,441 shares of the savings and loans company’s stock worth $127,000 after purchasing an additional 2,055 shares in the last quarter. Deutsche Bank AG purchased a new position in Waterstone Financial in the 4th quarter worth approximately $143,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Waterstone Financial in the 1st quarter worth approximately $198,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Waterstone Financial during the 4th quarter worth approximately $203,000. 62.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael L. Hansen sold 109,527 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $14.05, for a total transaction of $1,538,854.35. Following the sale, the director directly owned 1,541 shares of the company’s stock, valued at $21,651.05. This represents a 98.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 185,000 shares of company stock worth $2,585,720. 7.40% of the stock is owned by corporate insiders.

Waterstone Financial Price Performance

Shares of WSBF opened at $14.77 on Friday. The stock has a market capitalization of $275.89 million, a price-to-earnings ratio of 12.96 and a beta of 0.75. Waterstone Financial, Inc. has a 1 year low of $11.61 and a 1 year high of $16.86. The business’s 50 day simple moving average is $13.98 and its 200-day simple moving average is $13.40.

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

Waterstone Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, July 8th. Waterstone Financial’s dividend payout ratio is 52.63%.

Waterstone Financial Company 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.