Waterstone Financial, Inc. (NASDAQ: WSBF – Get a rating) – Piper Sandler equity researchers raised their earnings per share estimates for the fiscal year 2023 for Waterstone Financial in a research report released Tuesday, March 29. Piper Sandler analyst B. Nosal now expects the savings and loan company to earn $1.46 per share for the year, up from its previous forecast of $1.45.
Separately, Zacks Investment Research upgraded Waterstone Financial from a “Strong Sell” rating to a “Hold” rating in a Wednesday, Feb. 16 research note.
NASDAQ:WSBF shares opened at $19.76 on Wednesday. The company has a 50-day moving average price of $19.87. The company has a market capitalization of $478.80 million, a price-earnings ratio of 6.70 and a beta of 0.34. The company has a current ratio of 1.52, a quick ratio of 1.27 and a debt ratio of 1.10. Waterstone Financial has a 52-week low of $18.70 and a 52-week high of $22.74. Waterstone Financial (NASDAQ:WSBF – Get a rating) last reported results on Thursday, January 27. The savings and loan company reported earnings per share (EPS) of $0.53 for the quarter, beating analysts’ consensus estimate of $0.48 by $0.05. Waterstone Financial had a return on equity of 16.30% and a net margin of 25.92%.
Several institutional investors and hedge funds have recently changed their holdings in WSBF. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Waterstone Financial during the third quarter valued at approximately $4,509,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Waterstone Financial during the fourth quarter worth approximately $3,546,000. Arrowstreet Capital Limited Partnership increased its position in shares of Waterstone Financial by 25.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 340,534 shares of the savings and loan company valued at $6,978,000 after acquiring an additional 70,092 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Waterstone Financial by 2.8% during the third quarter. Renaissance Technologies LLC now owns 1,847,036 shares of the savings and loan company valued at $37,846,000 after acquiring 51,100 additional shares in the last quarter. Finally, Foundry Partners LLC increased its position in shares of Waterstone Financial by 25.4% during the fourth quarter. Foundry Partners LLC now owns 252,435 shares of the savings and loan company valued at $5,518,000 after acquiring an additional 51,065 shares in the last quarter. 67.51% of the shares are held by institutional investors.
In other news, manager Michael L. Hansen sold 12,500 shares in a trade that took place on Monday, March 14. The stock was sold at an average price of $19.70, for a total value of $246,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Company insiders own 11.90% of the company’s shares.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 3. Shareholders of record on Monday, April 11 will receive a dividend of $0.20. This represents an annualized dividend of $0.80 and a dividend yield of 4.05%. The ex-date of this dividend is Friday, April 8. Waterstone Financial’s dividend payout ratio (DPR) is currently 27.12%.
About Waterstone Financial (Get a rating)
Waterstone Financial, Inc operates as a loan holding company, which provides core lending activities. The Company operates through the following segments: Community Banking and Mortgage Banking. The Community Banking segment provides personal and business banking products and services to customers primarily in southeast Wisconsin.
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