Waterstone Financial, Inc. (NASDAQ:WSBF – Get Rating) declared a quarterly dividend on Tuesday, September 27, Zacks reports. Shareholders of record on Monday October 10 will be paid a dividend of 0.20 per share by the savings and loan company on Tuesday November 1. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Thursday, October 6.
Waterstone Financial has increased its dividend by an average of 22.5% per year over the past three years. Waterstone Financial has a dividend payout ratio of 63.5%, which means its dividend is sufficiently covered by earnings. Research analysts expect Waterstone Financial to earn $1.26 per share next year, meaning the company should continue to be able to cover its $0.80 annual dividend with a ratio of expected future payout of 63.5%.
Performance of Waterstone Financial shares
The NASDAQ WSBF opened Wednesday at $16.94. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt ratio of 0.73. The company has a market capitalization of $383.01 million, a price-earnings ratio of 8.87 and a beta of 0.47. The company’s 50-day simple moving average is $17.57 and its 200-day simple moving average is $17.50. Waterstone Financial has a 1-year low of $15.70 and a 1-year high of $22.74.
Waterstone Financial (NASDAQ:WSBF – Get Rating) last released its quarterly results on Thursday, July 21. The savings and loan company reported earnings per share (EPS) of $0.36 for the quarter, missing the consensus estimate of $0.37 per ($0.01). The company posted revenue of $45.32 million for the quarter, versus analyst estimates of $46.70 million. Waterstone Financial had a return on equity of 10.71% and a net margin of 20.24%. As a group, research analysts expect Waterstone Financial to post earnings per share of 1.17 for the current financial year.
Hedge funds weigh on Waterstone Financial
A number of hedge funds have recently bought and sold shares of WSBF. State Street Corp increased its stake in Waterstone Financial by 24.2% in the first quarter. State Street Corp now owns 639,670 shares of the savings and loan company worth $12,371,000 after purchasing an additional 124,678 shares in the last quarter. The Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Waterstone Financial in the first quarter valued at $1,100,000. Vanguard Group Inc. increased its stake in Waterstone Financial by 4.7% in the first quarter. Vanguard Group Inc. now owns 1,113,021 shares of the savings and loan company worth $21,526,000 after purchasing an additional 49,723 shares during the period. American Century Companies Inc. increased its stake in Waterstone Financial by 27.9% in the first quarter. American Century Companies Inc. now owns 102,043 shares of the savings and loan company worth $1,974,000 after purchasing an additional 22,256 shares during the period. Finally, AQR Capital Management LLC increased its stake in Waterstone Financial by 11.3% in the second quarter. AQR Capital Management LLC now owns 199,849 shares of the savings and loan company worth $3,407,000 after purchasing an additional 20,357 shares during the period. Institutional investors hold 58.60% of the company’s shares.
Wall Street analysts predict growth
Separately, StockNews.com downgraded shares of Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Monday.
Waterstone Financial Company Profile
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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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