Waterstone Financial (NASDAQ:WSBF) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, BidAskClub reports.
Several other analysts have also recently commented on the stock. Piper Sandler boosted their price target on shares of Waterstone Financial from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Zacks Investment Research upgraded shares of Waterstone Financial from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Saturday, August 1st. Finally, ValuEngine cut shares of Waterstone Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.83.
Shares of Waterstone Financial stock opened at $15.70 on Friday. The company has a market capitalization of $406.74 million, a P/E ratio of 8.35 and a beta of 0.24. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.29 and a current ratio of 1.62. The company has a fifty day moving average of $15.52 and a 200 day moving average of $14.64. Waterstone Financial has a fifty-two week low of $12.10 and a fifty-two week high of $19.48.
Waterstone Financial (NASDAQ:WSBF) last announced its quarterly earnings results on Monday, July 27th. The savings and loans company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.36 by $0.49. The business had revenue of $80.15 million for the quarter, compared to analysts’ expectations of $59.10 million. Waterstone Financial had a net margin of 19.04% and a return on equity of 12.36%. Analysts forecast that Waterstone Financial will post 1.93 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in shares of Waterstone Financial by 0.7% during the 1st quarter. Acadian Asset Management LLC now owns 977,740 shares of the savings and loans company’s stock valued at $14,217,000 after buying an additional 6,615 shares in the last quarter. State Street Corp grew its holdings in Waterstone Financial by 2.6% during the 1st quarter. State Street Corp now owns 697,735 shares of the savings and loans company’s stock valued at $10,497,000 after purchasing an additional 17,754 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in Waterstone Financial by 16.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 464,882 shares of the savings and loans company’s stock valued at $6,894,000 after purchasing an additional 67,080 shares during the last quarter. Geode Capital Management LLC grew its holdings in Waterstone Financial by 4.4% during the 1st quarter. Geode Capital Management LLC now owns 432,518 shares of the savings and loans company’s stock valued at $6,288,000 after purchasing an additional 18,362 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Waterstone Financial by 8.5% during the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 221,315 shares of the savings and loans company’s stock valued at $3,218,000 after purchasing an additional 17,254 shares during the last quarter. Hedge funds and other institutional investors own 61.17% of the company’s stock.
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 through 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, and money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposit, and individual retirement accounts, as well as certificates of deposit; lending solutions consisting of 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, and insurance products, as well as trust and investment management accounts.
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