Foundry Partners LLC Trims Stock Position in Waterstone Financial, Inc. (NASDAQ:WSBF)

Foundry Partners LLC reduced its stake in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 162,670 shares of the savings and loans company’s stock after selling 2,915 shares during the quarter. Foundry Partners LLC’s holdings in Waterstone Financial were worth $2,310,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in Waterstone Financial during the 4th quarter valued at $28,000. CWM LLC increased its position in Waterstone Financial by 555.6% during the 4th quarter. CWM LLC now owns 2,747 shares of the savings and loans company’s stock valued at $39,000 after purchasing an additional 2,328 shares during the period. SG Americas Securities LLC purchased a new position in Waterstone Financial during the 4th quarter valued at $138,000. Arnhold LLC increased its position in Waterstone Financial by 33.3% during the 3rd quarter. Arnhold LLC now owns 20,000 shares of the savings and loans company’s stock valued at $219,000 after purchasing an additional 5,000 shares during the period. Finally, Great Lakes Advisors LLC purchased a new position in Waterstone Financial during the 3rd quarter valued at $219,000. 62.71% of the stock is owned by hedge funds and other institutional investors.

Waterstone Financial Stock Down 0.4 %

Shares of Waterstone Financial stock opened at $11.54 on Tuesday. The company’s fifty day simple moving average is $11.85 and its two-hundred day simple moving average is $12.23. The company has a market cap of $229.88 million, a P/E ratio of 25.09 and a beta of 0.59. The company has a current ratio of 1.55, a quick ratio of 1.41 and a debt-to-equity ratio of 1.78. Waterstone Financial, Inc. has a 12-month low of $9.62 and a 12-month high of $15.56.

Waterstone Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date is Friday, April 5th. Waterstone Financial’s dividend payout ratio is presently 130.43%.

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.