Waterstone Financial (NASDAQ:WSBF) Stock Rating Upgraded by Wall Street Zen

Waterstone Financial (NASDAQ:WSBF) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings raised shares of Waterstone Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Waterstone Financial Trading Down 0.6%

Shares of NASDAQ WSBF opened at $16.04 on Friday. The stock has a market cap of $296.10 million, a P/E ratio of 12.06 and a beta of 0.82. Waterstone Financial has a twelve month low of $11.61 and a twelve month high of $16.75. The stock has a 50 day moving average of $15.34 and a two-hundred day moving average of $14.45.

Waterstone Financial (NASDAQ:WSBF) last announced its 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 6.99%. The business had revenue of $37.04 million for the quarter.

Insider Buying and Selling

In related news, Director Michael L. Hansen sold 79,872 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 7.40% of the company’s stock.

Institutional Trading of Waterstone Financial

A number of institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC lifted its stake in shares of Waterstone Financial by 7.7% during the second quarter. Los Angeles Capital Management LLC now owns 15,840 shares of the savings and loans company’s stock valued at $219,000 after buying an additional 1,135 shares during the period. American Century Companies Inc. boosted its holdings in shares of Waterstone Financial by 0.8% during the first quarter. American Century Companies Inc. now owns 154,347 shares of the savings and loans company’s stock worth $2,076,000 after purchasing an additional 1,206 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Waterstone Financial by 557.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company’s stock worth $26,000 after buying an additional 1,590 shares during the period. Rhumbline Advisers boosted its stake in Waterstone Financial by 6.7% in the 2nd quarter. Rhumbline Advisers now owns 26,848 shares of the savings and loans company’s stock worth $371,000 after buying an additional 1,676 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in Waterstone Financial in the 3rd quarter valued at about $30,000. 62.71% of the stock is currently owned by hedge funds and other institutional investors.

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.