Nisa Investment Advisors LLC reduced its stake in Waterstone Financial, Inc. (NASDAQ: WSBF – Get a rating) by 72.6% in the 1st quarter, HoldingsChannel.com reports. The company held 3,370 shares in the savings and loan company after selling 8,930 shares during the period. Nisa Investment Advisors LLC’s holdings in Waterstone Financial were worth $65,000 at the end of the last quarter.
Several other hedge funds and other institutional investors have also been buying and selling stocks recently. DekaBank Deutsche Girozentrale bought a new stake in Waterstone Financial in the first quarter, valued at around $214,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Waterstone Financial in the first quarter, valued at approximately $298,000. Summit Global Investments increased its position in Waterstone Financial by 24.0% in the fourth quarter. Summit Global Investments now owns 22,700 shares of the savings and loan company valued at $496,000 after buying an additional 4,400 shares in the last quarter. Dean Capital Management increased its position in Waterstone Financial by 4.8% in the fourth quarter. Dean Capital Management now owns 90,637 shares of the savings and loan company valued at $1,981,000 after buying 4,121 additional shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in Waterstone Financial in the fourth quarter valued at approximately $1,062,000. Institutional investors hold 67.48% of the company’s shares.
Waterstone Financial price performance
Shares of Waterstone Financial Action opened at $18.65 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.34 and a debt ratio of 0.79. The company has a market capitalization of $451.27 million, a PE ratio of 9.76 and a beta of 0.41. The company has a 50-day moving average of $17.24 and a 200-day moving average of $18.36. Waterstone Financial, Inc. has a 52-week low of $15.70 and a 52-week high of $22.74.
Waterstone Financial (NASDAQ: WSBF – Get a rating) last announced its results on Thursday, July 21. The savings and loans company reported EPS of $0.36 for the quarter, missing analyst consensus estimates of $0.37 per ($0.01). Waterstone Financial posted a net margin of 20.24% and a return on equity of 10.45%. As a group, equity research analysts expect Waterstone Financial, Inc. to post 1.18 earnings per share for the current year.
Waterstone Financial announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 2. Investors of record on Monday, July 11 will receive a dividend of $0.20 per share. The ex-date of this dividend is Friday, July 8. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 4.29%. Waterstone Financial’s dividend payout ratio is currently 41.88%.
Wall Street analysts predict growth
Separately, StockNews.com upgraded Waterstone Financial from a “sell” to a “hold” rating in a Wednesday, May 18 report.
About Waterstone Financial
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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