Waterstone Financial (NASDAQ:WSBF) Rating Lowered to Hold at StockNews.com

Waterstone Financial (NASDAQ:WSBF) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Waterstone Financial Trading Up 0.4 %

Shares of NASDAQ WSBF opened at $14.21 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 1.64. Waterstone Financial has a one year low of $10.60 and a one year high of $16.86. The business has a 50-day moving average price of $13.56 and a two-hundred day moving average price of $14.41. The firm has a market capitalization of $275.29 million, a PE ratio of 14.07 and a beta of 0.64.

Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.28 EPS for the quarter. Waterstone Financial had a net margin of 9.23% and a return on equity of 5.75%.

Insider Activity at Waterstone Financial

In related news, Director Stephen J. Schmidt sold 14,928 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $13.80, for a total value of $206,006.40. Following the transaction, the director now owns 70,078 shares in the company, valued at approximately $967,076.40. This represents a 17.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 26,909 shares of company stock valued at $371,670. Insiders own 8.30% of the company’s stock.

Institutional Trading of Waterstone Financial

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Waterstone Financial by 73.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,913 shares of the savings and loans company’s stock valued at $763,000 after purchasing an additional 21,902 shares in the last quarter. Barclays PLC raised its holdings in Waterstone Financial by 242.1% during the third quarter. Barclays PLC now owns 20,824 shares of the savings and loans company’s stock valued at $306,000 after buying an additional 14,737 shares in the last quarter. State Street Corp lifted its position in shares of Waterstone Financial by 0.8% in the third quarter. State Street Corp now owns 462,234 shares of the savings and loans company’s stock worth $6,795,000 after buying an additional 3,799 shares during the last quarter. John G Ullman & Associates Inc. boosted its stake in shares of Waterstone Financial by 165.0% during the 3rd quarter. John G Ullman & Associates Inc. now owns 90,826 shares of the savings and loans company’s stock worth $1,335,000 after acquiring an additional 56,554 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Waterstone Financial by 26.6% during the 3rd quarter. FMR LLC now owns 71,039 shares of the savings and loans company’s stock valued at $1,044,000 after acquiring an additional 14,919 shares during the last quarter. 62.71% of the stock is owned by institutional investors.

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.