Waterstone Financial (NASDAQ:WSBF) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Waterstone Financial, Inc. (NASDAQ:WSBF) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $20.25 and traded as low as $19.66. Waterstone Financial shares last traded at $20.16, with a volume of 50,545 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waterstone Financial in a report on Wednesday, August 26th. Wall Street Zen lowered Waterstone Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Waterstone Financial Stock Performance

The firm’s 50-day simple moving average is $20.22 and its 200 day simple moving average is $19.31. The company has a market cap of $362.12 million, a P/E ratio of 11.67 and a beta of 0.76.

Waterstone Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Thursday, October 8th. Waterstone Financial’s dividend payout ratio (DPR) is currently 39.53%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Waterstone Financial in the second quarter valued at approximately $34,034,000. Donald Smith & CO. Inc. acquired a new position in shares of Waterstone Financial during the 2nd quarter worth about $3,412,000. Quantinno Capital Management LP lifted its position in shares of Waterstone Financial by 10.0% in the first quarter. Quantinno Capital Management LP now owns 141,411 shares of the savings and loans company’s stock valued at $2,550,000 after buying an additional 12,808 shares during the last quarter. Empowered Funds LLC boosted its position in Waterstone Financial by 11.3% during the first quarter. Empowered Funds LLC now owns 122,380 shares of the savings and loans company’s stock worth $2,207,000 after purchasing an additional 12,430 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Waterstone Financial during the 2nd quarter worth about $1,877,000. 62.71% of the stock is currently owned by institutional investors.

About Waterstone Financial

Waterstone Financial, Inc. is a bank holding company based in Wauwatosa, Wisconsin. Its principal subsidiary, WaterStone Bank, provides personal and business banking services, including deposit accounts, mortgage loans, home equity financing and other lending products. WaterStone Financial also operates Waterstone Mortgage Corporation, which originates residential mortgage loans. Together, the businesses serve customers through community banking in southeastern Wisconsin and mortgage lending in a broader range of markets.