Waterstone Financial (NASDAQ:WSBF) Announces Quarterly Earnings Results

Waterstone Financial (NASDAQ:WSBF - Get Free Report) issued its quarterly earnings data on Tuesday. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter, Zacks reports. Waterstone Financial had a return on equity of 5.75% and a net margin of 9.23%.

Waterstone Financial Price Performance

Shares of NASDAQ WSBF traded up $0.29 during trading on Tuesday, hitting $12.40. The company had a trading volume of 101,920 shares, compared to its average volume of 43,238. Waterstone Financial has a fifty-two week low of $11.25 and a fifty-two week high of $16.86. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 1.64. The stock has a fifty day simple moving average of $13.41 and a two-hundred day simple moving average of $13.96. The firm has a market capitalization of $239.57 million, a price-to-earnings ratio of 12.28 and a beta of 0.63.

Waterstone Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Tuesday, April 8th. Waterstone Financial's dividend payout ratio is presently 59.41%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Waterstone Financial from a "hold" rating to a "buy" rating in a research note on Sunday, April 6th.

Insider Buying and Selling

In related news, Director Patrick S. Lawton sold 37,500 shares of Waterstone Financial stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $14.03, for a total transaction of $526,125.00. Following the transaction, the director now owns 49,131 shares in the company, valued at approximately $689,307.93. This trade represents a 43.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Schmidt sold 14,928 shares of the company's 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 transaction, the director now owns 70,078 shares in the company, valued at $967,076.40. This represents a 17.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,669 shares of company stock worth $929,283. 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.

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