Parallel Advisors LLC reduced its position in Waterstone Financial, Inc. (NASDAQ: WSBF – Get a rating) by 19.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor held 4,038 shares in the savings and loan company after selling 972 shares during the period. Parallel Advisors LLC’s holdings in Waterstone Financial were worth $78,000 when it last filed with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently changed their positions in WSBF. Allspring Global Investments Holdings LLC purchased a new stake in Waterstone Financial stock during Q4 for $3,546,000. Foundry Partners LLC increased its stake in shares of Waterstone Financial by 25.4% during the 4th 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 bought a new stake in shares of Waterstone Financial during the 4th quarter at a value of $1,062,000. Principal Financial Group Inc. bought a new stake in shares of Waterstone Financial during the 4th quarter at a value of $888,000. Finally, Los Angeles Capital Management LLC increased its stake in Waterstone Financial by 22.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 143,799 shares of the savings and loan company worth $3,143,000 after acquiring 26,500 additional shares in the last quarter. 67.48% of the shares are currently held by institutional investors.
Waterstone Financial price performance
Shares of NASDAQ WSBF opened at $18.13 on Friday. The company has a market capitalization 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 ratio of 0.79. The stock’s 50-day simple moving average is $17.01 and its two-hundred-day simple moving average is $18.49. Waterstone Financial, Inc. has a 12-month low of $15.70 and a 12-month high of $22.74.
Waterstone Financial (NASDAQ: WSBF – Get a rating) last announced its results on Thursday, April 21. The savings and loan company reported earnings per share of $0.23 for the quarter, missing analyst consensus estimates of $0.30 per ($0.07). The company had revenue of $41.68 million in the quarter, versus a 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, equity analysts expect Waterstone Financial, Inc. to post EPS of 1.18 for the current fiscal year.
Waterstone Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will 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 upgrades and downgrades
Separately, StockNews.com upgraded Waterstone Financial from a “sell” to a “hold” rating in a Wednesday May 18 research note.
Waterstone Financial Company 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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