Waterstone Financial (NASDAQ:WSBF – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Waterstone Financial Stock Performance
WSBF stock opened at $13.84 on Thursday. 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 business’s fifty day simple moving average is $13.63 and its two-hundred day simple moving average is $14.38. Waterstone Financial has a twelve month low of $10.60 and a twelve month high of $16.86. The firm has a market cap of $267.39 million, a price-to-earnings ratio of 13.70 and a beta of 0.64.
Waterstone Financial (NASDAQ:WSBF – Get Free Report) last released 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 return on equity of 5.75% and a net margin of 9.23%.
Insider Transactions at Waterstone Financial
Institutional Investors Weigh In On Waterstone Financial
A number of institutional investors have recently added to or reduced their stakes in WSBF. Wells Fargo & Company MN boosted its position in Waterstone Financial by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,441 shares of the savings and loans company’s stock valued at $127,000 after purchasing an additional 2,055 shares in the last quarter. Deutsche Bank AG bought a new stake in Waterstone Financial during the fourth quarter valued at about $143,000. Quantinno Capital Management LP bought a new stake in Waterstone Financial during the fourth quarter valued at about $203,000. GSA Capital Partners LLP bought a new stake in Waterstone Financial during the third quarter valued at about $291,000. Finally, Millennium Management LLC boosted 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 valued at $294,000 after purchasing an additional 11,395 shares in the last quarter. 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.
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