Waterstone Financial (NASDAQ:WSBF) Director Sells $52,156.80 in Stock

Waterstone Financial, Inc. (NASDAQ:WSBF) Director Douglas Gordon sold 2,880 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $18.11, for a total value of $52,156.80. Following the completion of the sale, the director directly owned 556,773 shares of the company’s stock, valued at approximately $10,083,159.03. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Waterstone Financial Price Performance

Waterstone Financial stock opened at $18.16 on Monday. Waterstone Financial, Inc. has a fifty-two week low of $11.61 and a fifty-two week high of $18.88. The firm has a market capitalization of $335.23 million, a price-to-earnings ratio of 13.65 and a beta of 0.81. The company’s 50 day simple moving average is $17.41 and its 200 day simple moving average is $15.96.

Waterstone Financial (NASDAQ:WSBF) last posted its earnings results on Wednesday, January 28th. The savings and loans company reported $0.44 earnings per share for the quarter. Waterstone Financial had a net margin of 12.08% and a return on equity of 6.99%. The company had revenue of $37.17 million for the quarter.

Waterstone Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, January 8th. Waterstone Financial’s payout ratio is presently 45.11%.

Institutional Investors Weigh In On Waterstone Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of WSBF. EverSource Wealth Advisors LLC boosted its position in Waterstone Financial by 557.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,875 shares of the savings and loans company’s stock worth $26,000 after acquiring an additional 1,590 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Waterstone Financial in the second quarter worth $28,000. Larson Financial Group LLC acquired a new position in Waterstone Financial during the third quarter worth $30,000. Simplex Trading LLC grew its position in Waterstone Financial by 69.3% in the fourth quarter. Simplex Trading LLC now owns 2,306 shares of the savings and loans company’s stock valued at $38,000 after purchasing an additional 944 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Waterstone Financial in the 4th quarter valued at $126,000. Institutional investors and hedge funds own 62.71% of the company’s stock.

Analysts Set New Price Targets

WSBF has been the topic of several recent analyst reports. Wall Street Zen cut Waterstone Financial from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Waterstone Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Waterstone Financial presently has a consensus rating of “Buy”.

Waterstone Financial Company Profile

Waterstone Financial, Inc is a bank holding company based in Glendale, Wisconsin, that provides a broad range of financial services to individuals, businesses and institutions. Its primary operations are conducted through its wholly owned subsidiary, Waterstone Bank, which offers deposit products, loan facilities and treasury management services. The company focuses on delivering relationship-based banking solutions tailored to the needs of small and medium-sized enterprises as well as retail customers.

In addition to traditional commercial and consumer banking, Waterstone Financial supports its clients with specialized financing, including real estate, equipment and asset-based lending.