Waterstone Financial (NASDAQ:WSBF) upgraded to hold on StockNews.com

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Waterstone Financial (NASDAQ:WSBF – Get an appraisal) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released Wednesday.

Separately, Zacks Investment Research downgraded Waterstone Financial from a “buy” rating to a “sell” rating in a Thursday, April 28 report.

NASDAQ:WSBF shares opened at $16.62 on Wednesday. The stock’s 50-day moving average price is $18.18 and its two-hundred-day moving average price is $19.98. The company has a current ratio of 1.34, a quick ratio of 1.21 and a debt ratio of 0.79. Waterstone Financial has a 12-month low of $15.70 and a 12-month high of $22.74. The company has a market capitalization of $402.15 million, a price-earnings ratio of 7.26 and a beta of 0.43.

Waterstone Financial (NASDAQ:WSBF – Get Rating) last released its quarterly earnings data on Thursday, April 21. The savings and loans company reported EPS of $0.23 for the quarter, missing analyst consensus estimates of $0.30 per ($0.07). Waterstone Financial had a return on equity of 12.56% and a net margin of 22.46%. As a group, research analysts expect Waterstone Financial to post earnings per share of 1.19 for the current financial year.

In other Waterstone Financial news, Director Michael L. Hansen sold 12,500 shares of Waterstone Financial in a trade that took place on Monday March 14th. The stock was sold at an average price of $19.70, for a total transaction of $246,250.00. The transaction was disclosed in a filing with the SEC, which is available via this link. 6.70% of the shares are held by insiders.

Several institutional investors and hedge funds have recently changed their holdings in WSBF. Zebra Capital Management LLC increased its position in Waterstone Financial by 28.7% in the first quarter. Zebra Capital Management LLC now owns 14,815 shares of the savings and loan company valued at $286,000 after purchasing 3,307 additional shares during the period. State Street Corp increased its position in Waterstone Financial by 24.2% in the first quarter. State Street Corp now owns 639,670 shares of the savings and loan company valued at $12,371,000 after purchasing an additional 124,678 shares during the period. First Trust Advisors LP increased its position in Waterstone Financial by 6.7% in the 1st quarter. First Trust Advisors LP now owns 12,342 shares of the savings and loan company valued at $239,000 after buying an additional 775 shares during the period. Vanguard Group Inc. increased its position in Waterstone Financial by 4.7% in the first quarter. Vanguard Group Inc. now owns 1,113,021 shares of the savings and loan company valued at $21,526,000 after purchasing an additional 49,723 shares during the period. Finally, MetLife Investment Management LLC strengthened its position in Waterstone Financial by 48.2% in the 1st quarter. MetLife Investment Management LLC now owns 12,373 shares of the savings and loan company valued at $239,000 after purchasing an additional 4,022 shares during the period. Institutional investors hold 67.48% of the company’s shares.

About Waterstone Financial (Get an assessment)

Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB which provides various financial services to customers in Southeast Wisconsin, USA. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers personal and corporate banking products and services, such as deposit and transaction solutions, including checking accounts, online banking and bill payment services, money transfer services , as well as credit, debit and prepaid cards; investable fund solutions including 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.

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