Waterstone Financial, Inc. (NASDAQ:WSBF - Get Free Report) CFO Mark Raymond Gerke sold 2,738 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $14.14, for a total transaction of $38,715.32. Following the completion of the transaction, the chief financial officer now owns 30,334 shares of the company's stock, valued at $428,922.76. This trade represents a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Waterstone Financial Stock Down 0.4 %
Waterstone Financial stock opened at $14.02 on Tuesday. The stock has a market capitalization of $271.61 million, a PE ratio of 13.88 and a beta of 0.64. Waterstone Financial, Inc. has a twelve month low of $10.60 and a twelve month high of $16.86. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 1.64. The company has a 50 day moving average of $13.58 and a 200-day moving average of $14.42.
Waterstone Financial (NASDAQ:WSBF - Get Free Report) last announced its quarterly earnings data 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%.
Waterstone Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date was Wednesday, January 8th. Waterstone Financial's dividend payout ratio is presently 59.41%.
Institutional Trading of Waterstone Financial
Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in shares of Waterstone Financial by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,441 shares of the savings and loans company's stock worth $127,000 after purchasing an additional 2,055 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Waterstone Financial in the fourth quarter worth $143,000. Quantinno Capital Management LP bought a new stake in shares of Waterstone Financial in the fourth quarter worth $203,000. GSA Capital Partners LLP bought a new stake in Waterstone Financial during the third quarter worth $291,000. Finally, Millennium Management LLC raised its position in Waterstone Financial by 108.7% during the fourth quarter. Millennium Management LLC now owns 21,882 shares of the savings and loans company's stock worth $294,000 after acquiring an additional 11,395 shares in the last quarter. Institutional investors own 62.71% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Waterstone Financial from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
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About Waterstone Financial
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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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