Waterstone Financial (NASDAQ: WSBF) has been downgraded from Zacks investment research from a “buy” note to a “keep” note in a research report published on Friday, Zacks.com reports.

According to Zacks, “Waterstone Mortgage Corp. is committed to providing our customers with exceptional customer service. By providing them with expert, knowledgeable advice on the many loan programs and options available, we hope to lift the veil on mortgage financing. . For most people, a mortgage is the most important financial transaction they will ever make. Waterstone’s expert loan consultants are able to guide you through the mortgage process and provide reassurance during the application and approval process. “

Waterstone Financial Action traded down $ 0.13 during Friday trading hours, reaching $ 21.45. 1,000 shares of the stock were traded, for an average volume of 81,325. The company has a market capitalization of $ 534.66 million, a P / E ratio of 5.97 and a beta of 0.30. The company has a current ratio of 1.52, a quick ratio of 1.26, and a debt ratio of 1.07. Waterstone Financial has a twelve month low of $ 17.97 and a twelve month high of $ 22.18. The stock has a 50-day moving average of $ 21.15 and a two-hundred-day moving average of $ 20.33.

Waterstone Financial (NASDAQ: WSBF) last announced its quarterly earnings data on Monday, October 18. The savings and loan company reported earnings per share (EPS) of $ 0.79 for the quarter, beating consensus analysts’ estimates of $ 0.61 by $ 0.18. The company posted revenue of $ 67.05 million for the quarter, compared to a consensus estimate of $ 60.30 million. Waterstone Financial had a net margin of 28.31% and a return on equity of 20.04%. On average, analysts expect Waterstone Financial to post earnings per share of 2.92 for the current fiscal year.

In addition, director Thomas E. Dalum sold 9,658 shares of the company in a transaction that took place on Friday, November 19. The shares were sold for an average price of $ 21.52, for a total value of $ 207,840.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In addition, director Thomas E. Dalum sold 5,740 shares of the company in a transaction that took place on Monday, November 22. The shares were sold at an average price of $ 21.80, for a total trade of $ 125,132.00. Disclosure of this sale can be found here. Company insiders own 12.10% of the company’s shares.

A number of institutional investors have recently increased or reduced their holdings in WSBF. Hotchkis & Wiley Capital Management LLC purchased a new position in Waterstone Financial during the 3rd quarter valued at approximately $ 4,509,000. AQR Capital Management LLC increased its stake in Waterstone Financial by 122.7% during the 2nd quarter. AQR Capital Management LLC now owns 163,964 shares of the savings and loan company valued at $ 3,224,000 after purchasing an additional 90,331 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Waterstone Financial by 79.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 186,200 shares of the savings and loan company valued at $ 3,661,000 after purchasing an additional 82,600 shares in the last quarter. Seizert Capital Partners LLC increased its stake in Waterstone Financial by 61.3% during the 2nd quarter. Seizert Capital Partners LLC now owns 209,871 shares of the savings and loan company valued at $ 4,126,000 after purchasing an additional 79,786 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Waterstone Financial by 25.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 340,534 shares of the savings and loan company valued at $ 6,978,000 after purchasing an additional 70,092 shares in the last quarter. Hedge funds and other institutional investors hold 56.46% of the company’s shares.

Waterstone Financial Company Profile

Waterstone Financial, Inc. operates as a loan holding company, which provides the main lending activities. The Company operates through the following segments: Community Banking and Mortgage Banking. The Community Banking segment provides personal and business banking products and services to customers primarily in Southeastern Wisconsin.

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