SG Americas Securities LLC Acquires Shares of 8,768 Waterstone Financial, Inc. (NASDAQ:WSBF)

SG Americas Securities LLC bought a new position in Waterstone Financial, Inc. (NASDAQ:WSBFGet Rating) during the second quarter, HoldingsChannel.com reports. The fund bought 8,768 shares of the savings and loans company’s stock, valued at approximately $149,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its position in Waterstone Financial by 9.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 16,874 shares of the savings and loans company’s stock valued at $288,000 after purchasing an additional 1,479 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Waterstone Financial by 89.2% during the first quarter. Russell Investments Group Ltd. now owns 5,887 shares of the savings and loans company’s stock valued at $113,000 after acquiring an additional 2,776 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Waterstone Financial in the 2nd quarter worth approximately $438,000. DekaBank Deutsche Girozentrale bought a new position in Waterstone Financial in the 1st quarter valued at approximately $214,000. Finally, State Street Corp boosted its stake in Waterstone Financial by 24.2% during the 1st quarter. State Street Corp now owns 639,670 shares of the savings and loans company’s stock valued at $12,371,000 after purchasing an additional 124,678 shares during the last quarter. 58.60% of the stock is currently owned by institutional investors.

Waterstone Financial Price Performance

Shares of NASDAQ:WSBF opened at $16.69 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.34. The firm has a market cap of $370.35 million, a price-to-earnings ratio of 12.18 and a beta of 0.48. The business has a 50-day simple moving average of $16.82 and a two-hundred day simple moving average of $17.12. Waterstone Financial, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $22.74.

Waterstone Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, October 6th. This represents a $0.80 annualized dividend and a dividend yield of 4.79%. Waterstone Financial’s payout ratio is 58.39%.

Analysts Set New Price Targets

Separately, StockNews.com cut Waterstone Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st.

About Waterstone Financial

(Get Rating)

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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Institutional Ownership by Quarter for Waterstone Financial (NASDAQ:WSBF)

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