Charles Schwab Investment Management Inc. Sells 2,209 Shares of Waterstone Financial, Inc. (NASDAQ:WSBF)

Charles Schwab Investment Management Inc. reduced its stake in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 144,733 shares of the savings and loans company’s stock after selling 2,209 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Waterstone Financial were worth $1,945,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WSBF. Proficio Capital Partners LLC acquired a new stake in shares of Waterstone Financial during the fourth quarter worth $365,000. JPMorgan Chase & Co. boosted its holdings in Waterstone Financial by 73.0% during the third quarter. JPMorgan Chase & Co. now owns 51,913 shares of the savings and loans company’s stock worth $763,000 after purchasing an additional 21,902 shares during the last quarter. John G Ullman & Associates Inc. raised its holdings in Waterstone Financial by 19.3% during the fourth quarter. John G Ullman & Associates Inc. now owns 108,342 shares of the savings and loans company’s stock worth $1,456,000 after acquiring an additional 17,516 shares in the last quarter. FMR LLC grew its stake in shares of Waterstone Financial by 26.6% in the third quarter. FMR LLC now owns 71,039 shares of the savings and loans company’s stock valued at $1,044,000 after buying an additional 14,919 shares in the last quarter. Finally, Barclays PLC lifted its stake in Waterstone Financial by 242.1% in the 3rd quarter. Barclays PLC now owns 20,824 shares of the savings and loans company’s stock valued at $306,000 after purchasing an additional 14,737 shares during the last quarter. Institutional investors own 62.71% of the company’s stock.

Insider Buying and Selling at Waterstone Financial

In other news, Director Patrick S. Lawton sold 37,500 shares of Waterstone Financial stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $14.03, for a total value of $526,125.00. Following the completion of the transaction, the director now directly owns 49,131 shares of the company’s stock, valued at approximately $689,307.93. This trade represents a 43.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen J. Schmidt sold 2,195 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $13.76, for a total value of $30,203.20. Following the sale, the director now owns 70,078 shares in the company, valued at approximately $964,273.28. The trade was a 3.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,669 shares of company stock worth $929,283. Insiders own 8.30% of the company’s stock.

Waterstone Financial Trading Down 1.3 %

WSBF opened at $13.46 on Friday. 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 stock has a market capitalization of $260.05 million, a price-to-earnings ratio of 13.33 and a beta of 0.64. The company has a 50-day simple moving average of $13.83 and a 200 day simple moving average of $14.29. Waterstone Financial, Inc. has a twelve month low of $10.60 and a twelve month high of $16.86.

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

Waterstone Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, April 8th. Waterstone Financial’s payout ratio is presently 59.41%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Waterstone Financial from a “buy” rating to a “hold” rating in a report on Saturday.

About Waterstone Financial

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.