Waterstone Financial (NASDAQ:WSBF) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Waterstone Financial, Inc. (NASDAQ:WSBFGet Free Report)’s share price crossed 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 traded.

Waterstone Financial Trading Up 3.1 %

The company has a market capitalization of $251.66 million, a P/E ratio of 17.79 and a beta of 0.65. The business has a 50 day moving average price of $14.32 and a 200 day moving average price of $14.45. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 1.64.

Waterstone Financial Dividend Announcement

The company 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 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Wednesday, January 8th. Waterstone Financial’s payout ratio is presently 82.19%.

Insider Transactions at Waterstone Financial

In other Waterstone Financial news, Director Stephen J. Schmidt sold 4,209 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $16.04, for a total value of $67,512.36. Following the completion of the sale, the director now directly owns 70,078 shares in the company, valued at $1,124,051.12. This represents a 5.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 17,544 shares of company stock valued at $274,113 over the last three months. 8.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Waterstone Financial

Several institutional investors and hedge funds have recently modified their holdings of WSBF. JPMorgan Chase & Co. increased its stake in Waterstone Financial by 73.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,913 shares of the savings and loans company’s stock worth $763,000 after purchasing an additional 21,902 shares in the last quarter. Barclays PLC increased its position in shares of Waterstone Financial by 242.1% during the third quarter. Barclays PLC now owns 20,824 shares of the savings and loans company’s stock worth $306,000 after acquiring an additional 14,737 shares in the last quarter. Jane Street Group LLC increased its position in shares of Waterstone Financial by 33.6% during the third quarter. Jane Street Group LLC now owns 29,082 shares of the savings and loans company’s stock worth $428,000 after acquiring an additional 7,310 shares in the last quarter. State Street Corp raised its holdings in shares of Waterstone Financial by 0.8% during the third 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 lifted its position in Waterstone Financial by 26.6% in 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 in the last quarter. 62.71% of the stock is currently owned by institutional investors and hedge funds.

Waterstone Financial Company Profile

(Get Free Report)

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.

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