Waterstone Financial (NASDAQ:WSBF - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday.
Waterstone Financial Stock Performance
Shares of WSBF stock traded down $0.15 on Tuesday, reaching $13.59. The stock had a trading volume of 38,119 shares, compared to its average volume of 52,389. The stock has a market cap of $263.24 million, a P/E ratio of 13.46 and a beta of 0.64. 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 has a 1 year low of $10.60 and a 1 year high of $16.86. The company has a 50 day simple moving average of $13.69 and a 200 day simple moving average of $14.43.
Waterstone Financial (NASDAQ:WSBF - Get Free Report) last released 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 return on equity of 5.75% and a net margin of 9.23%.
Insider Transactions at Waterstone Financial
In related news, Director Stephen J. Schmidt sold 14,928 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $13.80, for a total value of $206,006.40. Following the completion of the sale, the director now directly owns 70,078 shares of the company's stock, valued at approximately $967,076.40. This represents a 17.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 33,555 shares of company stock worth $485,394 in the last three months. Corporate insiders own 8.30% of the company's stock.
Hedge Funds Weigh In On Waterstone Financial
Hedge funds have recently modified their holdings of the company. ProShare Advisors LLC purchased a new position in shares of Waterstone Financial during the 2nd quarter valued at $30,000. AQR Capital Management LLC lifted its position 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 valued at $544,000 after acquiring an additional 29,366 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Waterstone Financial in the third quarter valued at about $291,000. Empowered Funds LLC boosted 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Waterstone Financial by 79.9% during 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 purchasing an additional 13,819 shares in the last quarter. 62.71% of the stock is currently owned by institutional investors.
About Waterstone Financial
(
Get Free Report)
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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