Waterstone Financial (NASDAQ:WSBF) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Waterstone Financial, Inc. (NASDAQ:WSBF)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.18 and traded as high as $15.32. Waterstone Financial shares last traded at $15.19, with a volume of 33,395 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Waterstone Financial in a research note on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Waterstone Financial Price Performance

The firm has a market capitalization of $280.36 million, a P/E ratio of 11.42 and a beta of 0.81. The firm has a 50-day moving average price of $15.26 and a two-hundred day moving average price of $14.18.

Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings results on Thursday, October 23rd. The savings and loans company reported $0.45 EPS for the quarter. Waterstone Financial had a net margin of 12.08% and a return on equity of 7.02%. The company had revenue of $37.04 million for the quarter.

Waterstone Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Wednesday, October 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, October 8th. Waterstone Financial’s payout ratio is currently 45.11%.

Insider Activity

In related news, Director Michael L. Hansen sold 79,872 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $15.16, for a total value of $1,210,859.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.40% of the company’s stock.

Institutional Investors Weigh In On Waterstone Financial

A number of institutional investors and hedge funds have recently bought and sold shares of WSBF. Bridgeway Capital Management LLC grew its position in shares of Waterstone Financial by 1.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 438,837 shares of the savings and loans company’s stock worth $6,060,000 after buying an additional 8,199 shares in the last quarter. Geode Capital Management LLC grew its holdings in Waterstone Financial by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 406,749 shares of the savings and loans company’s stock worth $5,618,000 after acquiring an additional 4,108 shares in the last quarter. CSM Advisors LLC purchased a new position in Waterstone Financial during the 2nd quarter valued at about $2,725,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Waterstone Financial by 30.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 190,766 shares of the savings and loans company’s stock valued at $2,634,000 after purchasing an additional 44,618 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Waterstone Financial by 3.6% in the 2nd quarter. American Century Companies Inc. now owns 159,875 shares of the savings and loans company’s stock worth $2,208,000 after purchasing an additional 5,528 shares during the period. 62.71% of the stock is owned by institutional investors.

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.