Waterstone Financial, Inc. (NASDAQ:WSBF) Declares Quarterly Dividend of $0.15

Waterstone Financial, Inc. (NASDAQ:WSBF) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Investors of record on Tuesday, April 8th will be given a dividend of 0.15 per share by the savings and loans company on Thursday, May 1st. This represents a $0.60 annualized dividend and a yield of 4.37%.

Waterstone Financial has decreased its dividend by an average of 9.1% annually over the last three years.

Waterstone Financial Trading Down 1.3 %

Shares of NASDAQ:WSBF traded down $0.18 during midday trading on Thursday, hitting $13.73. The company had a trading volume of 41,242 shares, compared to its average volume of 42,776. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 1.64. The stock has a market cap of $265.26 million, a price-to-earnings ratio of 13.59 and a beta of 0.64. The firm has a fifty day simple moving average of $13.69 and a 200 day simple moving average of $14.35. Waterstone Financial has a 12 month low of $10.60 and a 12 month high of $16.86.

Waterstone Financial (NASDAQ:WSBF) last released its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.28 earnings per share for the quarter. Waterstone Financial had a net margin of 9.23% and a return on equity of 5.75%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Waterstone Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 13th.

Insider Activity at Waterstone Financial

In other news, Director Stephen J. Schmidt sold 2,195 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $13.76, for a total value of $30,203.20. Following the completion of the transaction, the director now owns 70,078 shares of the company’s stock, valued at approximately $964,273.28. This represents a 3.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick S. Lawton sold 37,500 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $14.03, for a total value of $526,125.00. Following the sale, the director now directly owns 49,131 shares in the company, valued at approximately $689,307.93. This trade represents a 43.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,669 shares of company stock worth $929,283 in the last ninety days. 8.30% of the stock is owned by company insiders.

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 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.