Parallel Advisors LLC cut its position in Waterstone Financial, Inc. (NASDAQ:WSBF – get rating) by 19.4% during the 1st trimester, HoldingsChannel.com reports. The institutional investor owned 4,038 shares of the capital stock of the savings and loan company after selling 972 shares during the period. Parallel Advisors LLC’s holdings in Waterstone Financial were worth $78,000 as of their most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions on the WSBF. Allspring Global Investments Holdings LLC purchased a new share of Waterstone Financial stock during the fourth quarter valued at $3,546,000. Foundry Partners LLC increased its holding in shares of Waterstone Financial by 25.4% during the fourth quarter. Foundry Partners LLC now owns 252,435 shares of the savings and loan company valued at $5,518,000 after purchasing an additional 51,065 shares during the period. Alberta Investment Management Corp purchased a new share of Waterstone Financial stock during the fourth quarter valued at $1,062,000. Principal Financial Group Inc. purchased a new share of Waterstone Financial stock during the fourth quarter valued at $888,000. Finally, Los Angeles Capital Management LLC increased its stake in Waterstone Financial by 22.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 143,799 shares of the savings and loan company worth $3,143,000 after purchasing an additional 26,500 shares last quarter. Currently, 67.48% of the shares are owned by institutional investors.
Waterstone Financial Price Performance
Actions of NASDAQ WSBF opened at $18.13 on Friday. The company has a market cap of $438.75 million, a P/E ratio of 7.92, and a beta of 0.41. The company has a quick ratio of 1.21, a current ratio of 1.34, and a debt-to-equity ratio of 0.79. The stock’s 50-day simple moving average is $17.01 and its 200-day simple moving average is $18.49. Waterstone Financial, Inc. has a twelve month minimum of $15.70 and a twelve month maximum of $22.74.
waterstone financialNASDAQ:WSBF – get rating) last announced its earnings results on Thursday, April 21. The savings and loan company reported earnings of $0.23 per share for the quarter, below analyst consensus estimates of $0.30 per share ($0.07). The business had revenue of $41.68 million during the quarter, compared to the consensus estimate of $47.00 million. Waterstone Financial had a return on equity of 12.56% and a net margin of 22.46%. As a group, stock analysts anticipate Waterstone Financial, Inc. to post 1.18 EPS for the current fiscal year.
Waterstone Financial Dividend Announcement
The company also recently revealed a quarterly dividend, to be paid on Tuesday, August 2. Shareholders of record on Monday, July 11 will receive a dividend of $0.20. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Friday, July 8. Waterstone Financial’s payout ratio is currently 34.93%.
Analyst promotions and demotions
Separately, StockNews.com upgraded Waterstone Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18.
Waterstone Finance Company Profile
Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB providing a variety of financial services to clients in southeastern Wisconsin, United States. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers banking products and services for consumers and businesses, such as transactional and deposit solutions, including checking accounts, online banking and bill payment services, money transfer services, as well as credit, debit and prepaid; mutual 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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