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

Waterstone Financial, Inc. (NASDAQ:WSBF) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders of record on Tuesday, April 8th will be paid 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 dividend yield of 4.46%.

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

Waterstone Financial Price Performance

Shares of WSBF opened at $13.46 on Friday. The firm has a market cap of $260.05 million, a price-to-earnings ratio of 13.33 and a beta of 0.64. The stock has a 50 day moving average of $13.76 and a 200-day moving average of $14.33. 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 has a 52 week low of $10.60 and a 52 week high of $16.86.

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

Analyst Ratings Changes

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

Insider Transactions at Waterstone Financial

In other news, Director Patrick S. Lawton sold 37,500 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $14.03, for a total value of $526,125.00. Following the completion of the sale, the director now owns 49,131 shares in the company, valued at $689,307.93. This represents a 43.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark Raymond Gerke sold 2,738 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $14.14, for a total value of $38,715.32. Following the completion of the sale, the chief financial officer now owns 30,334 shares of the company’s stock, valued at approximately $428,922.76. This trade represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,669 shares of company stock valued at $929,283. 8.30% of the stock is currently owned by corporate 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.