Several other research firms have also recently commented on WSBF. ValuEngine cut shares of Waterstone Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Piper Sandler upped their target price on shares of Waterstone Financial from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Zacks Investment Research upgraded shares of Waterstone Financial from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Saturday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Waterstone Financial presently has an average rating of “Hold” and a consensus price target of $17.83.
Shares of Waterstone Financial stock opened at $15.70 on Friday. The firm has a fifty day simple moving average of $15.52 and a 200-day simple moving average of $14.64. The company has a current ratio of 1.62, a quick ratio of 1.29 and a debt-to-equity ratio of 1.55. Waterstone Financial has a 1-year low of $12.10 and a 1-year high of $19.48. The stock has a market capitalization of $406.74 million, a price-to-earnings ratio of 8.35 and a beta of 0.24.
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in shares of Waterstone Financial by 39.5% in the 1st quarter. SG Americas Securities LLC now owns 8,309 shares of the savings and loans company’s stock valued at $121,000 after buying an additional 2,351 shares in the last quarter. Aperio Group LLC raised its stake in shares of Waterstone Financial by 72.6% in the 1st quarter. Aperio Group LLC now owns 35,406 shares of the savings and loans company’s stock valued at $515,000 after buying an additional 14,896 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Waterstone Financial by 22.6% in the 1st quarter. Rhumbline Advisers now owns 47,101 shares of the savings and loans company’s stock valued at $685,000 after buying an additional 8,680 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Waterstone Financial by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 180,773 shares of the savings and loans company’s stock valued at $2,628,000 after buying an additional 5,424 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Waterstone Financial by 136.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,302 shares of the savings and loans company’s stock valued at $92,000 after buying an additional 3,632 shares in the last quarter. Hedge funds and other institutional investors own 61.17% of the company’s stock.
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.
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