Waterstone Financial, Inc. (WSBF) to Issue Quarterly Dividend of $0.15 on May 1st

Waterstone Financial, Inc. (NASDAQ:WSBF) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Investors of record on Tuesday, April 8th will be given 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 yield of 4.72%. The ex-dividend date of this dividend is Tuesday, April 8th.

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

Waterstone Financial Stock Performance

NASDAQ:WSBF opened at $12.71 on Friday. The stock has a market cap of $245.56 million, a P/E ratio of 12.58 and a beta of 0.64. 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 business’s 50-day moving average price is $13.82 and its two-hundred day moving average price is $14.23. Waterstone Financial has a twelve month low of $10.60 and a twelve month high of $16.86.

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

Insider Activity at Waterstone Financial

In other news, Director Patrick S. Lawton sold 37,500 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $14.03, for a total transaction of $526,125.00. Following the completion of the transaction, the director now directly owns 49,131 shares of the company’s stock, valued at approximately $689,307.93. This represents a 43.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Raymond Gerke sold 2,738 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 30,334 shares of the company’s stock, valued at $428,922.76. The trade was a 8.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,669 shares of company stock valued at $929,283. Corporate insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Waterstone Financial from a “hold” rating to a “buy” rating in a research report on Sunday.

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.