Foundry Partners LLC Raises Position in Waterstone Financial, Inc. (NASDAQ:WSBF)

Foundry Partners LLC lifted its stake in Waterstone Financial, Inc. (NASDAQ:WSBF) by 19.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,165 shares of the savings and loans company’s stock after buying an additional 33,305 shares during the period. Foundry Partners LLC’s holdings in Waterstone Financial were worth $3,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WSBF. AQR Capital Management LLC boosted its position in shares of Waterstone Financial by 223.5% in the second quarter. AQR Capital Management LLC now owns 42,506 shares of the savings and loans company’s stock worth $544,000 after buying an additional 29,366 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Waterstone Financial in the first quarter worth about $274,000. GSA Capital Partners LLP purchased a new stake in shares of Waterstone Financial in the third quarter worth about $291,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Waterstone Financial in the first quarter worth about $176,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Waterstone Financial by 79.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,108 shares of the savings and loans company’s stock worth $457,000 after buying an additional 13,819 shares during the period. Hedge funds and other institutional investors own 62.71% of the company’s stock.

Insider Activity at Waterstone Financial

In related news, Director Michael L. Hansen sold 5,569 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $15.00, for a total value of $83,535.00. Following the completion of the transaction, the director now owns 79,872 shares of the company’s stock, valued at approximately $1,198,080. This represents a 6.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stephen J. Schmidt sold 4,209 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $16.04, for a total value of $67,512.36. Following the completion of the transaction, the director now directly owns 70,078 shares of the company’s stock, valued at $1,124,051.12. This represents a 5.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,355 shares of company stock valued at $566,415. Insiders own 8.30% of the company’s stock.

Waterstone Financial Price Performance

Shares of NASDAQ WSBF opened at $15.31 on Friday. The company has a market capitalization of $296.55 million, a price-to-earnings ratio of 20.96 and a beta of 0.63. Waterstone Financial, Inc. has a 1-year low of $10.60 and a 1-year high of $16.86. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.48 and a quick ratio of 1.36. The business has a 50-day moving average of $14.98 and a 200-day moving average of $13.96.

Waterstone Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Tuesday, October 8th. Waterstone Financial’s dividend payout ratio is currently 82.19%.

About Waterstone Financial

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.