Proficio Capital Partners LLC Makes New $365,000 Investment in Waterstone Financial, Inc. (NASDAQ:WSBF)

Proficio Capital Partners LLC purchased a new position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 27,135 shares of the savings and loans company's stock, valued at approximately $365,000. Proficio Capital Partners LLC owned approximately 0.14% of Waterstone Financial at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted 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 worth $306,000 after acquiring an additional 14,737 shares during the last quarter. Jane Street Group LLC lifted its stake in Waterstone Financial by 33.6% in 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. Connor Clark & Lunn Investment Management Ltd. boosted its position in Waterstone Financial by 79.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,108 shares of the savings and loans company's stock valued at $457,000 after buying an additional 13,819 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 during the last quarter. Finally, FMR LLC increased its holdings in shares of Waterstone Financial by 26.6% during the third quarter. FMR LLC now owns 71,039 shares of the savings and loans company's stock worth $1,044,000 after buying an additional 14,919 shares in the last quarter. 62.71% of the stock is owned by institutional investors.

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Insider Buying and Selling at Waterstone Financial

In other Waterstone Financial news, Director Patrick S. Lawton sold 37,500 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $14.03, for a total transaction of $526,125.00. Following the sale, the director now owns 49,131 shares of the company's stock, valued at approximately $689,307.93. This represents a 43.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Schmidt sold 2,195 shares of Waterstone Financial stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $13.76, for a total value of $30,203.20. Following the completion of the transaction, the director now directly owns 70,078 shares of the company's stock, valued at approximately $964,273.28. This trade represents a 3.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,669 shares of company stock worth $929,283. Insiders own 8.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Waterstone Financial from a "buy" rating to a "hold" rating in a research report on Saturday.

Waterstone Financial Trading Down 1.3 %

Shares of Waterstone Financial stock traded down $0.18 on Friday, hitting $13.46. The stock had a trading volume of 27,136 shares, compared to its average volume of 43,320. The stock has a 50 day moving average of $13.83 and a 200 day moving average of $14.29. The firm has a market capitalization of $260.05 million, a P/E ratio of 13.33 and a beta of 0.64. Waterstone Financial, Inc. has a twelve month low of $10.60 and a twelve month high of $16.86. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.36 and a current ratio of 1.48.

Waterstone Financial (NASDAQ:WSBF - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.28 earnings per share (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 business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, April 8th. Waterstone Financial's payout ratio is presently 59.41%.

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.