Legato Capital Management LLC Lowers Position in Waterstone Financial, Inc. (NASDAQ:WSBF)

Legato Capital Management LLC decreased its stake in Waterstone Financial, Inc. (NASDAQ:WSBF) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,544 shares of the savings and loans company’s stock after selling 1,496 shares during the quarter. Legato Capital Management LLC owned approximately 0.26% of Waterstone Financial worth $659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WSBF. Bank of New York Mellon Corp grew its stake in shares of Waterstone Financial by 4.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,978 shares of the savings and loans company’s stock valued at $1,164,000 after acquiring an additional 3,926 shares during the period. CWM LLC boosted its position in shares of Waterstone Financial by 63.3% in the second quarter. CWM LLC now owns 3,588 shares of the savings and loans company’s stock worth $46,000 after purchasing an additional 1,391 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Waterstone Financial in the first quarter worth $274,000. Vanguard Group Inc. raised its position in shares of Waterstone Financial by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,018,828 shares of the savings and loans company’s stock valued at $12,399,000 after purchasing an additional 3,531 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Waterstone Financial during the 1st quarter valued at $176,000. Hedge funds and other institutional investors own 62.71% of the company’s stock.

Waterstone Financial Trading Down 0.8 %

Shares of Waterstone Financial stock opened at $14.73 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.90 and a current ratio of 1.57. The company has a fifty day moving average of $13.82 and a 200 day moving average of $12.64. The company has a market capitalization of $286.65 million, a P/E ratio of 28.33 and a beta of 0.64. Waterstone Financial, Inc. has a fifty-two week low of $9.62 and a fifty-two week high of $15.66.

Waterstone Financial (NASDAQ:WSBF) last released its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.31 earnings per share for the quarter. The firm had revenue of $37.18 million during the quarter. Waterstone Financial had a return on equity of 3.73% and a net margin of 6.14%.

Waterstone Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, July 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Monday, July 8th. Waterstone Financial’s payout ratio is currently 115.39%.

Waterstone Financial 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 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.