Waterstone Financial, Inc. (NASDAQ:WSBF) Declares $0.15 Quarterly Dividend

Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.15 per share by the savings and loans company on Thursday, May 1st. This represents a $0.60 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Tuesday, April 8th.

Waterstone Financial has decreased its dividend payment by an average of 9.1% per year over the last three years.

Waterstone Financial Trading Up 1.9 %

NASDAQ WSBF traded up $0.26 during trading hours on Monday, reaching $13.72. The company's stock had a trading volume of 25,003 shares, compared to its average volume of 42,551. The firm has a fifty day simple moving average of $13.76 and a 200-day simple moving average of $14.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.48 and a quick ratio of 1.36. Waterstone Financial has a 52 week low of $10.60 and a 52 week high of $16.86. The stock has a market cap of $265.07 million, a P/E ratio of 13.58 and a beta of 0.64.

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 net margin of 9.23% and a return on equity of 5.75%.

Remove Ads

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Waterstone Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 13th.

Insider Activity at Waterstone Financial

In other news, Director Patrick S. Lawton sold 37,500 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $14.03, for a total value of $526,125.00. Following the transaction, the director now directly owns 49,131 shares of the company's stock, valued at $689,307.93. The trade was a 43.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen J. Schmidt sold 14,928 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $13.80, for a total value of $206,006.40. Following the sale, the director now directly owns 70,078 shares of the company's stock, valued at $967,076.40. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,669 shares of company stock worth $929,283 over the last ninety days. Insiders own 8.30% of the company's stock.

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.