Bank of New York Mellon Corp grew its holdings in Waterstone Financial, Inc. (NASDAQ:WSBF – Free Report) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,375 shares of the savings and loans company’s stock after purchasing an additional 5,323 shares during the period. Bank of New York Mellon Corp owned approximately 0.66% of Waterstone Financial worth $1,548,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of WSBF. rhino investment partners Inc acquired a new stake in shares of Waterstone Financial in the fourth quarter valued at about $7,493,000. State Street Corp lifted its stake in shares of Waterstone Financial by 24.2% in the first quarter. State Street Corp now owns 639,670 shares of the savings and loans company’s stock valued at $12,371,000 after buying an additional 124,678 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Waterstone Financial by 655.1% in the fourth quarter. JPMorgan Chase & Co. now owns 80,352 shares of the savings and loans company’s stock valued at $1,386,000 after buying an additional 69,711 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Waterstone Financial in the first quarter valued at about $1,100,000. Finally, EA Series Trust bought a new stake in shares of Waterstone Financial in the second quarter valued at about $733,000. 53.15% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Waterstone Financial from a “sell” rating to a “hold” rating in a research note on Friday, December 15th.
Waterstone Financial Price Performance
Shares of WSBF opened at $12.61 on Thursday. The stock has a market cap of $259.51 million, a price-to-earnings ratio of 27.41 and a beta of 0.63. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 1.70. Waterstone Financial, Inc. has a 12 month low of $9.62 and a 12 month high of $16.43. The company has a 50-day moving average price of $13.49 and a two-hundred day moving average price of $12.48.
Waterstone Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 8th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Friday, January 5th. Waterstone Financial’s dividend payout ratio is 130.43%.
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 in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising 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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