Waterstone Financial, Inc. (NASDAQ:WSBF) Director Stephen J. Schmidt Sells 6,211 Shares

Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) Director Stephen J. Schmidt sold 6,211 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $13.79, for a total value of $85,649.69. Following the transaction, the director now owns 70,078 shares in the company, valued at $966,375.62. This represents a 8.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Waterstone Financial Price Performance

Shares of WSBF traded up $0.32 during mid-day trading on Friday, hitting $14.70. The company's stock had a trading volume of 71,858 shares, compared to its average volume of 52,389. 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 firm has a 50-day simple moving average of $13.62 and a 200 day simple moving average of $14.40. The firm has a market capitalization of $284.74 million, a P/E ratio of 14.55 and a beta of 0.64. 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 issued its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.28 earnings per share (EPS) for the quarter. Waterstone Financial had a return on equity of 5.75% and a net margin of 9.23%.

Waterstone Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.08%. Waterstone Financial's dividend payout ratio (DPR) is 59.41%.

Hedge Funds Weigh In On Waterstone Financial

A number of institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in shares of Waterstone Financial by 223.5% in the second quarter. AQR Capital Management LLC now owns 42,506 shares of the savings and loans company's stock worth $544,000 after acquiring an additional 29,366 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Waterstone Financial in the third quarter worth about $291,000. Empowered Funds LLC lifted its stake in shares of Waterstone Financial by 5.3% in the third quarter. Empowered Funds LLC now owns 74,068 shares of the savings and loans company's stock worth $1,089,000 after acquiring an additional 3,752 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of 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 worth $457,000 after acquiring an additional 13,819 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake in shares of Waterstone Financial by 19.4% in the third quarter. Foundry Partners LLC now owns 205,165 shares of the savings and loans company's stock worth $3,016,000 after acquiring an additional 33,305 shares in the last quarter. 62.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Waterstone Financial from a "hold" rating to a "buy" rating in a research note on Tuesday, February 4th.

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.