Rhumbline Advisers Has $339,000 Stake in Waterstone Financial, Inc. $WSBF

Rhumbline Advisers decreased its holdings in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,172 shares of the savings and loans company’s stock after selling 1,480 shares during the quarter. Rhumbline Advisers owned about 0.13% of Waterstone Financial worth $339,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WSBF. Nuveen LLC acquired a new position in Waterstone Financial during the first quarter valued at approximately $840,000. Strs Ohio bought a new stake in Waterstone Financial during the first quarter worth $476,000. Trexquant Investment LP bought a new position in shares of Waterstone Financial in the first quarter valued at about $218,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Waterstone Financial by 49.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,410 shares of the savings and loans company’s stock valued at $611,000 after purchasing an additional 15,093 shares during the period. Finally, Quantinno Capital Management LP bought a new position in Waterstone Financial during the fourth quarter worth about $203,000. Institutional investors and hedge funds own 62.71% of the company’s stock.

Waterstone Financial Stock Down 0.6%

WSBF stock opened at $16.16 on Thursday. Waterstone Financial, Inc. has a 12 month low of $11.61 and a 12 month high of $16.86. The firm has a market cap of $301.87 million, a P/E ratio of 14.18 and a beta of 0.75. The company’s 50-day moving average price is $14.36 and its two-hundred day moving average price is $13.50.

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

Waterstone Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, October 8th. Waterstone Financial’s dividend payout ratio (DPR) is presently 52.63%.

Insider Buying and Selling at Waterstone Financial

In other news, Director Michael L. Hansen sold 109,527 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $14.05, for a total value of $1,538,854.35. Following the sale, the director directly owned 1,541 shares in the company, valued at approximately $21,651.05. This trade represents a 98.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 185,000 shares of company stock valued at $2,585,720. Company insiders own 7.40% of the company’s stock.

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.