Waterstone Financial (NASDAQ:WSBF) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Waterstone Financial, Inc. (NASDAQ:WSBF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.45 and traded as low as $12.75. Waterstone Financial shares last traded at $12.99, with a volume of 47,899 shares.

Waterstone Financial Stock Performance

The stock has a 50 day moving average price of $14.32 and a two-hundred day moving average price of $14.45. 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 company has a market capitalization of $251.66 million, a price-to-earnings ratio of 17.79 and a beta of 0.65.

Waterstone Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Wednesday, January 8th. Waterstone Financial’s dividend payout ratio is presently 82.19%.

Insider Transactions at Waterstone Financial

In other news, Director Stephen J. Schmidt sold 7,280 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $15.34, for a total transaction of $111,675.20. Following the completion of the sale, the director now owns 70,078 shares in the company, valued at $1,074,996.52. The trade was a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 17,544 shares of company stock worth $274,113. Corporate insiders own 8.30% of the company’s stock.

Institutional Trading of Waterstone Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Waterstone Financial by 73.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,913 shares of the savings and loans company’s stock valued at $763,000 after purchasing an additional 21,902 shares during the last quarter. Barclays PLC lifted its holdings in Waterstone Financial by 242.1% in the third quarter. Barclays PLC now owns 20,824 shares of the savings and loans company’s stock valued at $306,000 after buying an additional 14,737 shares during the period. Jane Street Group LLC boosted its stake in Waterstone Financial by 33.6% in the third quarter. Jane Street Group LLC now owns 29,082 shares of the savings and loans company’s stock valued at $428,000 after acquiring an additional 7,310 shares during the last quarter. State Street Corp grew its holdings in Waterstone Financial by 0.8% during the 3rd quarter. State Street Corp now owns 462,234 shares of the savings and loans company’s stock worth $6,795,000 after acquiring an additional 3,799 shares during the period. Finally, FMR LLC raised its position in shares of Waterstone Financial by 26.6% during the 3rd quarter. FMR LLC now owns 71,039 shares of the savings and loans company’s stock valued at $1,044,000 after acquiring an additional 14,919 shares during the last quarter. 62.71% of the stock is currently owned by institutional investors and hedge funds.

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.