Waterstone Financial, Inc. (NASDAQ:WSBF – get rating) announced a quarterly dividend on Thursday, June 23, Zacks reports. Investors registered on Monday, July 11, will receive a dividend of 0.20 per share from the savings and loan company on Tuesday, August 2. This represents an annualized dividend of $0.80 and a yield of 4.54%. The ex-dividend date of this dividend is Friday, July 8.
Waterstone Financial has increased its dividend payout by an average of 22.5% per year for the past three years. Waterstone Financial has a payout ratio of 64.0%, which means its dividends are sufficiently covered by earnings. Research analysts expect Waterstone Financial to earn $1.25 per share next year, which means the company should continue to pay its $0.80 annual dividend with an expected future payout rate of 64.0%.
WSBF opened at $17.61 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.34, and a quick ratio of 1.21. The company’s 50-day simple moving average is $16.86 and its 200-day simple moving average is $19.10. Waterstone Financial has a 1-year minimum of $15.70 and a 1-year maximum of $22.74. The company has a market capitalization of $426.16 million, a price-earnings ratio of 7.69, and a beta of 0.42.
Waterstone Financial (NASDAQ: WSBF – get rating) last posted its earnings results on Thursday, April 21. The savings and loan company reported earnings of $0.23 per share for the quarter, below analyst consensus estimates of $0.30 per share ($0.07). Waterstone Financial had a return on equity of 12.73% and a net margin of 22.46%. The business had revenue of $41.68 million during the quarter, compared to analyst expectations of $47.00 million. On average, stock analysts anticipate Waterstone Financial to post 1.19 earnings per share for the current fiscal year.
Hedge funds have recently increased or reduced their holdings in the company. Vanguard Group Inc. increased its position in shares of Waterstone Financial by 4.7% during the first quarter. Vanguard Group Inc. now owns 1,113,021 shares of the savings and loan company valued at $21,526,000 after purchasing an additional 49,723 shares during the period. State Street Corp raised its position in Waterstone Financial by 24.2% in the first quarter. State Street Corp now owns 639,670 shares of the savings and loan company valued at $12,371,000 after purchasing an additional 124,678 shares during the period. Bank of New York Mellon Corp raised its position in Waterstone Financial by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 192,692 shares of the savings and loan company valued at $3,726,000 after purchasing an additional 4,600 shares during the period. American Century Companies Inc. increased its position in Waterstone Financial by 27.9% in the first quarter. American Century Companies Inc. now owns 102,043 shares of the savings and loan company valued at $1,974,000 after purchasing an additional 22,256 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Waterstone Financial in the first quarter valued at approximately $1,100,000. Currently, 67.48% of the shares belong to hedge funds and other institutional investors.
Separately, StockNews.com raised shares of Waterstone Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18.
About Waterstone Financial (get rating)
Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB which provides a variety of financial services to clients in southeastern Wisconsin, United States. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers banking products and services for consumers and businesses, such as transactional and deposit solutions, including checking accounts, online banking and bill payment services, money transfer services, as well as credit, debit and prepaid; mutual fund solutions including 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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