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

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

Waterstone Financial Stock Performance

Shares of NASDAQ:WSBF traded up $0.06 during trading on Tuesday, hitting $14.15. 60,164 shares of the stock traded hands, compared to its average volume of 55,157. 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 market cap of $274.13 million, a price-to-earnings ratio of 14.01 and a beta of 0.64. The company has a fifty day moving average price of $13.56 and a two-hundred day moving average price of $14.41. Waterstone Financial has a 52-week low of $10.60 and a 52-week high of $16.86.

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

Insider Buying and Selling

In related news, Director Stephen J. Schmidt sold 2,195 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $13.76, for a total value of $30,203.20. Following the completion of the sale, the director now owns 70,078 shares of the company’s stock, valued at approximately $964,273.28. The trade was a 3.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 27,168 shares of company stock valued at $375,628. 8.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Waterstone Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in Waterstone Financial by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,441 shares of the savings and loans company’s stock worth $127,000 after acquiring an additional 2,055 shares in the last quarter. Deutsche Bank AG purchased a new stake in Waterstone Financial in the 4th quarter worth $143,000. Quantinno Capital Management LP purchased a new stake in shares of Waterstone Financial during the fourth quarter worth $203,000. GSA Capital Partners LLP purchased a new stake in shares of Waterstone Financial during the third quarter worth $291,000. Finally, Millennium Management LLC grew its holdings in shares of 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 buying an additional 11,395 shares in the last quarter. Hedge funds and other institutional investors own 62.71% of the company’s stock.

Waterstone Financial Company Profile

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.