Waterstone Financial (NASDAQ:WSBF) Share Price Passes Above 50-Day Moving Average of $18.53

Shares of Waterstone Financial, Inc. (NASDAQ:WSBF) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $18.53 and traded as high as $18.67. Waterstone Financial shares last traded at $18.66, with a volume of 2,299 shares trading hands.

Several brokerages recently commented on WSBF. Sandler O’Neill raised shares of Waterstone Financial from a “hold” rating to a “buy” rating and set a $19.50 price objective for the company in a research note on Thursday, October 24th. BidaskClub lowered shares of Waterstone Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, ValuEngine cut shares of Waterstone Financial from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st.

The company has a debt-to-equity ratio of 1.33, a current ratio of 1.61 and a quick ratio of 1.38. The stock has a market cap of $505.50 million, a P/E ratio of 15.02 and a beta of 0.08. The firm’s fifty day moving average price is $18.53 and its two-hundred day moving average price is $17.28.

Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.11. Waterstone Financial had a return on equity of 8.42% and a net margin of 16.28%. The company had revenue of $50.65 million during the quarter.

Several large investors have recently added to or reduced their stakes in the business. Aperio Group LLC grew its holdings in shares of Waterstone Financial by 4.1% during the second quarter. Aperio Group LLC now owns 16,220 shares of the savings and loans company’s stock worth $277,000 after purchasing an additional 638 shares in the last quarter. Zebra Capital Management LLC grew its stake in Waterstone Financial by 11.4% in the 3rd quarter. Zebra Capital Management LLC now owns 11,824 shares of the savings and loans company’s stock worth $203,000 after buying an additional 1,208 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Waterstone Financial by 169.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,180 shares of the savings and loans company’s stock worth $38,000 after buying an additional 1,371 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Waterstone Financial by 0.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 156,323 shares of the savings and loans company’s stock worth $2,667,000 after buying an additional 1,419 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Waterstone Financial in the 2nd quarter worth $34,000. 60.70% of the stock is currently owned by hedge funds and other institutional investors.

About Waterstone Financial (NASDAQ:WSBF)

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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