Los Angeles Capital Management LLC reduced its stake in Waterstone Financial, Inc. (NASDAQ: WSBF – Get a rating) by 20.1% in the 1st quarter, according to its last Form 13F filed with the Securities & Exchange Commission. The company held 114,945 shares of the savings and loan company after selling 28,854 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.48% of Waterstone Financial worth $2,223,000 at the end of the last quarter.
Several other institutional investors also bought and sold shares of WSBF. Allspring Global Investments Holdings LLC purchased a new stake in Waterstone Financial in the fourth quarter worth approximately $3,546,000. Alberta Investment Management Corp bought a new stake in Waterstone Financial in the fourth quarter worth about $1,062,000. Principal Financial Group Inc. acquired a new stake in Waterstone Financial in the fourth quarter worth approximately $888,000. American Century Companies Inc. increased its position in Waterstone Financial by 35.3% in the fourth quarter. American Century Companies Inc. now owns 79,787 shares of the savings and loan company worth $1,744,000 after acquiring 20,823 additional shares in the last quarter. Finally, Alphasimplex Group LLC purchased a new stake in Waterstone Financial in the fourth quarter worth approximately $398,000. Institutional investors and hedge funds hold 67.48% of the company’s shares.
Waterstone Financial price performance
NASDAQ WSBF opened at $18.18 on Wednesday. The stock’s 50-day moving average price is $17.44 and its two-hundred-day moving average price is $18.24. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt ratio of 0.73. The company has a market capitalization of $411.14 million, a PE ratio of 9.52 and a beta of 0.45. Waterstone Financial, Inc. has a 1-year low of $15.70 and a 1-year high of $22.74.
Waterstone Financial (NASDAQ: WSBF – Get a rating) last released its quarterly earnings data on Thursday, July 21. The savings and loan company reported earnings per share (EPS) of $0.36 for the quarter, missing the consensus estimate of $0.37 per ($0.01). Waterstone Financial had a return on equity of 10.71% and a net margin of 20.24%. On average, analysts predict Waterstone Financial, Inc. will post 1.21 EPS for the current year.
Waterstone Financial announces dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 2. Shareholders of record on Monday July 11 received a dividend of $0.20 per share. The ex-dividend date was Friday, July 8. This represents an annualized dividend of $0.80 and a yield of 4.40%. Waterstone Financial’s payout ratio is currently 41.88%.
Analyst upgrades and downgrades
Separately, StockNews.com upgraded Waterstone Financial shares from a “sell” to a “hold” rating in a Wednesday May 18 research report.
Waterstone Financial Profile
Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB which provides various financial services to customers in Southeast Wisconsin, USA. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers personal and corporate banking products and services, such as deposit and transaction solutions, including checking accounts, online banking and bill payment services, money transfer services , as well as credit, debit and prepaid cards; investable fund solutions including 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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