John G Ullman & Associates Inc. Raises Stock Position in Waterstone Financial, Inc. (NASDAQ:WSBF)

John G Ullman & Associates Inc. lifted its holdings in Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) by 165.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,826 shares of the savings and loans company's stock after buying an additional 56,554 shares during the period. John G Ullman & Associates Inc. owned about 0.47% of Waterstone Financial worth $1,335,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WSBF. Foundry Partners LLC boosted its stake in shares of Waterstone Financial by 19.4% during the 3rd quarter. Foundry Partners LLC now owns 205,165 shares of the savings and loans company's stock worth $3,016,000 after purchasing an additional 33,305 shares during the period. AQR Capital Management LLC grew its stake in shares of Waterstone Financial by 223.5% during the second quarter. AQR Capital Management LLC now owns 42,506 shares of the savings and loans company's stock valued at $544,000 after buying an additional 29,366 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Waterstone Financial in the first quarter worth approximately $274,000. GSA Capital Partners LLP bought a new stake in shares of Waterstone Financial during the 3rd quarter worth approximately $291,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Waterstone Financial during the 1st quarter valued at $176,000. 62.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Waterstone Financial

In other news, Director Stephen J. Schmidt sold 4,209 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $16.04, for a total value of $67,512.36. Following the completion of the sale, the director now owns 70,078 shares in the company, valued at approximately $1,124,051.12. The trade was a 5.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ellen Syburg Bartel sold 2,129 shares of Waterstone Financial stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $15.01, for a total transaction of $31,956.29. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $225,150. The trade was a 12.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,355 shares of company stock worth $566,415 in the last 90 days. 8.30% of the stock is owned by corporate insiders.

Waterstone Financial Stock Performance

WSBF stock opened at $15.25 on Thursday. Waterstone Financial, Inc. has a twelve month low of $10.60 and a twelve month high of $16.86. The firm has a market cap of $295.39 million, a price-to-earnings ratio of 20.89 and a beta of 0.63. The business's fifty day simple moving average is $14.98 and its two-hundred day simple moving average is $13.96. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 1.64.

Waterstone Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.93%. Waterstone Financial's payout ratio is 82.19%.

Waterstone Financial 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.

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