Waterstone Financial, Inc. (NASDAQ:WSBF) Sees Large Growth in Short Interest

Waterstone Financial, Inc. (NASDAQ:WSBF) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 413,000 shares, a growth of 28.4% from the May 30th total of 321,600 shares. Based on an average daily volume of 56,800 shares, the short-interest ratio is currently 7.3 days. Currently, 1.7% of the company’s stock are sold short.

Shares of Waterstone Financial stock opened at $16.93 on Friday. The company has a 50 day moving average price of $16.81. Waterstone Financial has a 52-week low of $15.20 and a 52-week high of $17.55. The firm has a market cap of $473.74 million, a price-to-earnings ratio of 15.39 and a beta of 0.09. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54.

Waterstone Financial (NASDAQ:WSBF) last announced its earnings results on Tuesday, April 23rd. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. Waterstone Financial had a return on equity of 7.62% and a net margin of 15.71%. The business had revenue of $37.19 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 12th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, July 11th.

In related news, COO William F. Bruss sold 2,250 shares of Waterstone Financial stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $16.60, for a total value of $37,350.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ellen Syburg Bartel sold 7,000 shares of Waterstone Financial stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $16.56, for a total value of $115,920.00. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Rhumbline Advisers increased its position in shares of Waterstone Financial by 45.4% in the 4th quarter. Rhumbline Advisers now owns 36,164 shares of the savings and loans company’s stock valued at $606,000 after purchasing an additional 11,287 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Waterstone Financial by 2.9% in the 4th quarter. California Public Employees Retirement System now owns 62,744 shares of the savings and loans company’s stock valued at $1,052,000 after buying an additional 1,766 shares during the last quarter. BlackRock Inc. grew its position in shares of Waterstone Financial by 1.8% in the 4th quarter. BlackRock Inc. now owns 1,613,268 shares of the savings and loans company’s stock valued at $27,037,000 after buying an additional 28,225 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Waterstone Financial by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 183,296 shares of the savings and loans company’s stock valued at $3,073,000 after buying an additional 3,722 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Waterstone Financial by 16.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 68,909 shares of the savings and loans company’s stock valued at $1,154,000 after buying an additional 9,804 shares during the last quarter. 58.20% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th.

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 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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