Waterstone Financial (NASDAQ:WSBF) Releases Earnings Results, Beats Expectations By $0.11 EPS

Waterstone Financial (NASDAQ:WSBF) released its earnings results on Wednesday. The savings and loans company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11, Fidelity Earnings reports. Waterstone Financial had a return on equity of 8.40% and a net margin of 16.28%. The firm had revenue of $50.65 million for the quarter.

NASDAQ WSBF opened at $18.32 on Friday. Waterstone Financial has a 12 month low of $15.20 and a 12 month high of $18.35. The stock has a market cap of $477.82 million, a P/E ratio of 14.02 and a beta of 0.08. The stock’s fifty day moving average price is $17.16 and its 200-day moving average price is $16.81. The company has a current ratio of 1.59, a quick ratio of 1.35 and a debt-to-equity ratio of 1.34.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be paid a $0.12 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.62%.

A number of equities research analysts have recently commented on WSBF shares. BidaskClub cut Waterstone Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th. ValuEngine raised Waterstone Financial from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Sandler O’Neill raised Waterstone Financial from a “hold” rating to a “buy” rating and set a $19.50 target price on the stock in a research note on Thursday.

Waterstone Financial Company Profile

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.

Featured Article: Understanding each part of a balance sheet

Earnings History for Waterstone Financial (NASDAQ:WSBF)

Receive News & Ratings for Waterstone Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waterstone Financial and related companies with MarketBeat.com's FREE daily email newsletter.