Legato Capital Management LLC Cuts Holdings in Waterstone Financial, Inc. (NASDAQ:WSBF)

Legato Capital Management LLC trimmed its holdings in Waterstone Financial, Inc. (NASDAQ:WSBF) by 49.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,267 shares of the savings and loans company’s stock after selling 20,718 shares during the quarter. Legato Capital Management LLC owned 0.11% of Waterstone Financial worth $286,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Empowered Funds LLC lifted its holdings in shares of Waterstone Financial by 5.0% in the 4th quarter. Empowered Funds LLC now owns 77,773 shares of the savings and loans company’s stock worth $1,045,000 after acquiring an additional 3,705 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Waterstone Financial by 73.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,913 shares of the savings and loans company’s stock worth $763,000 after acquiring an additional 21,902 shares during the last quarter. Barclays PLC lifted its holdings in shares of Waterstone Financial by 242.1% in the 3rd 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 during the last quarter. Jane Street Group LLC lifted its holdings in shares of Waterstone Financial by 33.6% in the 3rd 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 during the last quarter. Finally, State Street Corp lifted its holdings in shares of Waterstone Financial by 0.8% in the 3rd 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 last quarter. 62.71% of the stock is currently owned by institutional investors.

Waterstone Financial Trading Up 2.2 %

NASDAQ:WSBF opened at $14.70 on Friday. The company has a fifty day moving average of $13.62 and a 200 day moving average of $14.40. Waterstone Financial, Inc. has a 52 week low of $10.60 and a 52 week high of $16.86. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $284.78 million, a P/E ratio of 14.55 and a beta of 0.64.

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

Waterstone Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 8th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 4.08%. Waterstone Financial’s dividend payout ratio is currently 59.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Waterstone Financial from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th.

Insider Activity at Waterstone Financial

In other Waterstone Financial news, Director Stephen J. Schmidt sold 2,194 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $15.78, for a total transaction of $34,621.32. Following the transaction, the director now directly owns 70,078 shares of the company’s stock, valued at approximately $1,105,830.84. The trade was a 3.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 37,079 shares of company stock worth $528,589 in the last three months. 8.30% of the stock is owned by insiders.

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.