Waterstone Financial (NASDAQ:WSBF) Posts Earnings Results

Waterstone Financial (NASDAQ:WSBF) released its quarterly earnings data on Tuesday. The savings and loans company reported $0.28 earnings per share (EPS) for the quarter, Zacks reports. Waterstone Financial had a return on equity of 4.18% and a net margin of 6.79%.

Waterstone Financial Stock Performance

Shares of NASDAQ WSBF traded down $0.10 during midday trading on Tuesday, reaching $13.41. 31,365 shares of the company traded hands, compared to its average volume of 54,771. The stock has a 50-day moving average price of $13.96 and a 200 day moving average price of $14.47. The company has a market cap of $259.70 million, a price-to-earnings ratio of 18.36 and a beta of 0.65. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.48 and a quick ratio of 1.36. Waterstone Financial has a 52 week low of $10.60 and a 52 week high of $16.86.

Waterstone Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 8th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.48%. The ex-dividend date is Wednesday, January 8th. Waterstone Financial’s dividend payout ratio is currently 82.19%.

Insider Transactions at Waterstone Financial

In related news, Director Stephen J. Schmidt sold 2,687 shares of Waterstone Financial stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $15.80, for a total value of $42,454.60. Following the transaction, the director now directly owns 70,078 shares in the company, valued at $1,107,232.40. The trade was a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 17,544 shares of company stock valued at $274,113. Company insiders own 8.30% of the company’s stock.

About Waterstone Financial

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.