Waterstone Financial Inc (NASDAQ:WSBF) Reports Earnings and Beats Expectations of $0.01 EPS

Waterstone Financial (NASDAQ:WSBF – Get a rating) released its results on Thursday. The savings and loan company reported EPS of $0.36 for the quarter, missing analyst consensus estimates of $0.37 per ($0.01), Loyalty earnings reports. Waterstone Financial had a return on equity of 10.45% and a net margin of 20.24%.

Waterstone Financial Trading up 2.7%

WSBF stock traded down $0.47 at midday Friday, hitting $18.13. 70,828 shares of the company were traded, against an average volume of 80,562. Waterstone Financial has a 52-week low of $15.70 and a 52-week high of $22.74. The company has a debt ratio of 0.79, a quick ratio of 1.21 and a current ratio of 1.34. The company has a 50-day moving average of $17.01 and a 200-day moving average of $18.49. The company has a market capitalization of $438.75 million, a price-earnings ratio of 9.49 and a beta of 0.41.

Waterstone Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 2. Shareholders of record on Monday, July 11 will receive a dividend of $0.20 per share. The ex-dividend date is Friday, July 8. This represents a dividend of $0.80 on an annualized basis and a yield of 4.41%. Waterstone Financial’s dividend payout ratio (DPR) is currently 41.88%.

Institutional investors weigh in on Waterstone Financial

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in WSBF. First Trust Advisors LP increased its stake in shares of Waterstone Financial by 6.7% in the first quarter. First Trust Advisors LP now owns 12,342 shares of the savings and loan company valued at $239,000 after buying an additional 775 shares in the last quarter. MetLife Investment Management LLC increased its stake in Waterstone Financial by 48.2% in the first quarter. MetLife Investment Management LLC now owns 12,373 shares of the savings and loan company worth $239,000 after buying 4,022 additional shares in the last quarter. Zebra Capital Management LLC increased its stake in Waterstone Financial by 28.7% in the first quarter. Zebra Capital Management LLC now owns 14,815 shares of the savings and loan company worth $286,000 after buying 3,307 additional shares last quarter. The Swiss National Bank increased its position in Waterstone Financial by 6.6% in the 1st quarter. The Swiss National Bank now owns 50,100 shares in the savings and loan company valued at $969,000 after acquiring 3,100 more shares last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Waterstone Financial during the 1st quarter for a value of $1,100,000. 67.48% of the shares are currently held by hedge funds and other institutional investors.

Changes to analyst ratings

Separately, upgraded Waterstone Financial from a “sell” rating to a “hold” rating in a Wednesday, May 18 research report.

Waterstone Financial Company Profile

(Get a rating)

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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Earnings history for Waterstone Financial (NASDAQ:WSBF)

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