Dean Investment Associates LLC Sells 56,919 Shares of Waterstone Financial, Inc. (NASDAQ:WSBF)

Dean Investment Associates LLC reduced its position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) by 53.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,176 shares of the savings and loans company's stock after selling 56,919 shares during the period. Dean Investment Associates LLC owned approximately 0.26% of Waterstone Financial worth $674,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WSBF. Wells Fargo & Company MN grew its position 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 valued at $127,000 after purchasing an additional 2,055 shares during the period. Barclays PLC lifted its stake in shares of Waterstone Financial by 242.1% in the 3rd quarter. Barclays PLC now owns 20,824 shares of the savings and loans company's stock valued at $306,000 after acquiring an additional 14,737 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Waterstone Financial by 27.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,213 shares of the savings and loans company's stock valued at $325,000 after buying an additional 5,226 shares during the period. Proficio Capital Partners LLC bought a new position in Waterstone Financial in the fourth quarter worth $365,000. Finally, Jane Street Group LLC grew its position in Waterstone Financial by 33.6% during the 3rd quarter. Jane Street Group LLC now owns 29,082 shares of the savings and loans company's stock valued at $428,000 after purchasing an additional 7,310 shares during the last quarter. 62.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Stephen J. Schmidt sold 2,195 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $13.76, for a total transaction of $30,203.20. Following the completion of the sale, the director now directly owns 70,078 shares in the company, valued at $964,273.28. This trade represents a 3.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Raymond Gerke sold 2,738 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $14.14, for a total transaction of $38,715.32. Following the sale, the chief financial officer now owns 30,334 shares of the company's stock, valued at approximately $428,922.76. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,669 shares of company stock valued at $929,283 in the last three months. 8.30% of the stock is currently owned by company insiders.

Waterstone Financial Price Performance

NASDAQ:WSBF remained flat at $12.40 during midday trading on Wednesday. 24,520 shares of the company traded hands, compared to its average volume of 42,973. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.36 and a current ratio of 1.48. The company's fifty day simple moving average is $13.37 and its 200 day simple moving average is $13.95. Waterstone Financial, Inc. has a one year low of $11.25 and a one year high of $16.86. The company has a market capitalization of $239.57 million, a price-to-earnings ratio of 12.28 and a beta of 0.63.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $29.67 million during the quarter. Waterstone Financial had a return on equity of 5.75% and a net margin of 9.23%.

Waterstone Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, April 8th. This represents a $0.60 dividend on an annualized basis and a yield of 4.84%. Waterstone Financial's payout ratio is currently 59.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Waterstone Financial from a "hold" rating to a "buy" rating in a research report on Sunday, April 6th.

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.