Waterstone Financial, Inc. (NASDAQ:WSBF) – Research analysts at Piper Sandler boosted their FY2020 earnings per share estimates for shares of Waterstone Financial in a report released on Thursday, December 17th. Piper Sandler analyst B. Nosal now anticipates that the savings and loans company will post earnings of $3.01 per share for the year, up from their previous forecast of $2.80. Piper Sandler also issued estimates for Waterstone Financial’s Q4 2020 earnings at $0.75 EPS.
Several other research analysts have also recently issued reports on WSBF. BidaskClub upgraded shares of Waterstone Financial from a “hold” rating to a “buy” rating in a report on Thursday, October 22nd. TheStreet raised shares of Waterstone Financial from a “c+” rating to a “b-” rating in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Waterstone Financial currently has a consensus rating of “Buy” and an average target price of $17.00.
Shares of WSBF opened at $18.52 on Monday. The firm has a market cap of $466.00 million, a P/E ratio of 9.85 and a beta of 0.25. The stock has a 50 day simple moving average of $17.77 and a two-hundred day simple moving average of $15.86. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.62 and a quick ratio of 1.29. Waterstone Financial has a 1 year low of $12.10 and a 1 year high of $19.38. Waterstone Financial (NASDAQ:WSBF) last issued its earnings results on Saturday, October 31st. The savings and loans company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.53. The business had revenue of $89.17 million during the quarter, compared to analyst estimates of $65.90 million. Waterstone Financial had a return on equity of 12.36% and a net margin of 19.04%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its stake in shares of Waterstone Financial by 27.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,655 shares of the savings and loans company’s stock valued at $108,000 after purchasing an additional 572 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Waterstone Financial by 1.8% during the 3rd quarter. AQR Capital Management LLC now owns 33,205 shares of the savings and loans company’s stock valued at $514,000 after purchasing an additional 573 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Waterstone Financial by 16.1% during the 2nd quarter. Bank of Montreal Can now owns 5,868 shares of the savings and loans company’s stock valued at $78,000 after purchasing an additional 814 shares in the last quarter. California Public Employees Retirement System boosted its stake in Waterstone Financial by 2.6% during the third quarter. California Public Employees Retirement System now owns 51,800 shares of the savings and loans company’s stock worth $802,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Waterstone Financial by 2.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 159,064 shares of the savings and loans company’s stock worth $2,359,000 after acquiring an additional 3,802 shares in the last quarter. 61.17% of the stock is currently owned by hedge funds and other institutional investors.
In other Waterstone Financial news, Director Ellen Syburg Bartel sold 19,762 shares of the business’s stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $18.20, for a total value of $359,668.40. Following the transaction, the director now owns 37,262 shares in the company, valued at $678,168.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.10% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 2nd. Shareholders of record on Monday, January 11th will be given a $0.20 dividend. This is a boost from Waterstone Financial’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, January 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.32%. Waterstone Financial’s payout ratio is presently 35.04%.
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 through 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, and money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposit, and individual retirement accounts, as well as certificates of deposit; lending solutions consisting of 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, and insurance products, as well as trust and investment management accounts.
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