Waterstone Financial (NASDAQ: WSBF) Releases Quarterly Earnings Results, Beats Expectations by $0.07 EPS

waterstone financialNASDAQ:WSBFget rating) released its quarterly earnings results on Thursday. The savings and loan company reported earnings of $0.23 per share for the quarter, missing the Thomson Reuters consensus estimate of $0.30 per share ($0.07), Market Watch Earnings reports. Waterstone Financial achieved a return on equity of 16.30% and a net margin of 25.92%.

Actions of Waterstone Financial Stocks traded down $0.74 on Friday, reaching $18.21. The company’s shares had a trading volume of 8,175 shares, compared to its average volume of 97,806. The company has a market cap of $440.63 million, a P/E ratio of 6.42, and a beta of 0.33. Waterstone Financial has a 52-week low of $18.32 and a 52-week high of $22.74. The stock has a 50-day moving average price of $19.33 and a 200-day moving average price of $20.50. The company has a quick ratio of 1.27, a current ratio of 1.52, and a debt-to-equity ratio of 1.10.

The company also recently declared a quarterly dividend, to be paid on Tuesday, May 3. Investors registered on Monday, April 11, will receive a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a yield of 4.39%. The ex-dividend date is Friday, April 8. Waterstone Financial’s dividend payout ratio is currently 27.12%.

Several analysts recently issued reports on WSBF shares. Zacks Investment Research upgraded Waterstone Financial from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Thursday, March 31. StockNews.com began coverage of Waterstone Financial in a research note on Thursday, March 31. They issued a “hold” rating on the stock.

In related news, director Michael L. Hansen sold 12,500 shares of the company’s capital stock in a transaction that occurred on Monday, March 14. The shares were sold at an average price of $19.70, for a total transaction of $246,250.00. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. 11.90% of the shares are owned by insiders.

Several institutional investors have recently made changes to their positions in WSBF. Goldman Sachs Group Inc. increased its stake in Waterstone Financial by 13.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 121,246 shares of the savings and loan company worth $2,650,000 after buying an additional 14,513 shares during the period. Citadel Advisors LLC improved its position in Waterstone Financial by 8.4% during the fourth quarter. Citadel Advisors LLC now owns 111,646 shares of the savings and loan company worth $2,441,000 after purchasing an additional 8,646 shares during the period. Invesco Ltd. improved its position in Waterstone Financial by 7.4% during the fourth quarter. Invesco Ltd. now owns 84,108 shares of the savings and loan company worth $1,839,000 after acquiring an additional 5,807 shares during the period. Morgan Stanley increased its position in Waterstone Financial by 853.0% during the second quarter. Morgan Stanley now owns 56,449 shares of the savings and loan company worth $1,110,000 after purchasing an additional 50,526 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Waterstone Financial stock by 67.3% in the fourth quarter. JPMorgan Chase & Co. now owns 43,506 shares of the savings and loan company valued at $950,000 after buying an additional 17,498 shares during the period. Currently, 67.51% of the shares are owned by institutional investors and hedge funds.

Waterstone Finance Company Profile (get rating)

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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Waterstone Financial (NASDAQ: WSBF) Earnings History

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