BidaskClub upgraded shares of Waterstone Financial (NASDAQ:WSBF) from a hold rating to a buy rating in a report released on Friday.

WSBF has been the subject of a number of other reports. UBS Group restated a sell rating and issued a $12.75 price target on shares of Waterstone Financial in a research report on Thursday, August 9th. ValuEngine lowered Waterstone Financial from a hold rating to a sell rating in a research report on Tuesday, October 2nd.

NASDAQ:WSBF traded down $0.20 during trading hours on Friday, hitting $16.41. 81,914 shares of the stock were exchanged, compared to its average volume of 51,168. Waterstone Financial has a 52-week low of $16.25 and a 52-week high of $20.05. The company has a current ratio of 1.56, a quick ratio of 1.41 and a debt-to-equity ratio of 1.07. The firm has a market cap of $502.58 million, a P/E ratio of 16.18 and a beta of 0.06.

Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings results on Tuesday, July 31st. The savings and loans company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $47.04 million during the quarter. Waterstone Financial had a return on equity of 7.28% and a net margin of 14.16%.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, October 12th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.93%.

In related news, COO William F. Bruss sold 3,000 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $17.00, for a total value of $51,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric J. Egenhoefer sold 14,551 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $17.00, for a total value of $247,367.00. The disclosure for this sale can be found here. Insiders sold 50,734 shares of company stock valued at $862,555 over the last 90 days. Company insiders own 12.00% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new position in Waterstone Financial during the first quarter worth $183,000. Barclays PLC lifted its stake in Waterstone Financial by 141.3% during the first quarter. Barclays PLC now owns 10,810 shares of the savings and loans company’s stock worth $187,000 after purchasing an additional 6,331 shares in the last quarter. Millennium Management LLC lifted its stake in Waterstone Financial by 41.9% during the second quarter. Millennium Management LLC now owns 32,290 shares of the savings and loans company’s stock worth $551,000 after purchasing an additional 9,534 shares in the last quarter. California Public Employees Retirement System lifted its stake in Waterstone Financial by 35.7% during the first quarter. California Public Employees Retirement System now owns 49,264 shares of the savings and loans company’s stock worth $852,000 after purchasing an additional 12,963 shares in the last quarter. Finally, RMB Capital Management LLC lifted its stake in Waterstone Financial by 21.9% during the first quarter. RMB Capital Management LLC now owns 51,114 shares of the savings and loans company’s stock worth $884,000 after purchasing an additional 9,179 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

About Waterstone Financial

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 through two segments, Community Banking and Mortgage Banking. The Community Banking segment provides consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, and money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposit, and individual retirement accounts, as well as certificates of deposit; lending solutions consisting of 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, and insurance products, as well as trust and investment management accounts.

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