Legato Capital Management LLC Sells 20,718 Shares of Waterstone Financial, Inc. (NASDAQ:WSBF)

Legato Capital Management LLC decreased its position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,267 shares of the savings and loans company's stock after selling 20,718 shares during the period. Legato Capital Management LLC owned about 0.11% of Waterstone Financial worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in shares of Waterstone Financial by 5.0% during the fourth quarter. Empowered Funds LLC now owns 77,773 shares of the savings and loans company's stock worth $1,045,000 after buying an additional 3,705 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Waterstone Financial by 73.0% during the third quarter. JPMorgan Chase & Co. now owns 51,913 shares of the savings and loans company's stock worth $763,000 after buying an additional 21,902 shares in the last quarter. Barclays PLC increased its holdings in shares of Waterstone Financial by 242.1% in the third quarter. Barclays PLC now owns 20,824 shares of the savings and loans company's stock valued at $306,000 after purchasing an additional 14,737 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Waterstone Financial by 33.6% in the third 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 in the last quarter. Finally, State Street Corp increased its holdings in shares of Waterstone Financial by 0.8% in the third quarter. State Street Corp now owns 462,234 shares of the savings and loans company's stock valued at $6,795,000 after purchasing an additional 3,799 shares in the last quarter. Institutional investors and hedge funds own 62.71% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Waterstone Financial from a "hold" rating to a "buy" rating in a report on Tuesday, February 4th.

Insiders Place Their Bets

In other Waterstone Financial news, Director Stephen J. Schmidt sold 6,211 shares of Waterstone Financial stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $13.79, for a total transaction of $85,649.69. Following the completion of the sale, the director now owns 70,078 shares of the company's stock, valued at approximately $966,375.62. The trade was a 8.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 37,079 shares of company stock valued at $528,589. Company insiders own 8.30% of the company's stock.

Waterstone Financial Price Performance

Shares of Waterstone Financial stock traded down $0.02 during midday trading on Tuesday, reaching $14.68. The company had a trading volume of 19,608 shares, compared to its average volume of 56,422. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $284.35 million, a price-to-earnings ratio of 14.53 and a beta of 0.64. The stock has a fifty day simple moving average of $13.61 and a 200 day simple moving average of $14.39. Waterstone Financial, Inc. has a 1-year low of $10.60 and a 1-year high of $16.86.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last released its earnings results on Tuesday, January 28th. The savings and loans company reported $0.28 EPS for the quarter. Waterstone Financial had a net margin of 9.23% and a return on equity of 5.75%.

Waterstone Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Wednesday, January 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Wednesday, January 8th. Waterstone Financial's dividend payout ratio is presently 59.41%.

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.