John G Ullman & Associates Inc. Decreases Stock Holdings in Waterstone Financial, Inc. $WSBF

John G Ullman & Associates Inc. decreased its holdings in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 44.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,100 shares of the savings and loans company’s stock after selling 41,611 shares during the period. John G Ullman & Associates Inc.’s holdings in Waterstone Financial were worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WSBF. GAMMA Investing LLC lifted its position in shares of Waterstone Financial by 16,614.3% during the 1st quarter. GAMMA Investing LLC now owns 2,340 shares of the savings and loans company’s stock valued at $31,000 after buying an additional 2,326 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Waterstone Financial by 297.4% in the 1st quarter. Russell Investments Group Ltd. now owns 3,187 shares of the savings and loans company’s stock valued at $43,000 after purchasing an additional 2,385 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Waterstone Financial in the 2nd quarter valued at $149,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Waterstone Financial in the 1st quarter valued at $198,000. Finally, Hsbc Holdings PLC purchased a new position in Waterstone Financial in the 1st quarter valued at $204,000. Hedge funds and other institutional investors own 62.71% of the company’s stock.

Insider Activity at Waterstone Financial

In other news, Director Michael L. Hansen sold 109,527 shares of Waterstone Financial stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $14.05, for a total transaction of $1,538,854.35. Following the transaction, the director owned 1,541 shares in the company, valued at $21,651.05. The trade was a 98.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 185,000 shares of company stock worth $2,585,720. 7.40% of the stock is owned by insiders.

Waterstone Financial Stock Up 0.5%

NASDAQ WSBF opened at $14.70 on Friday. Waterstone Financial, Inc. has a 52 week low of $11.61 and a 52 week high of $16.86. The business’s fifty day simple moving average is $14.91 and its 200-day simple moving average is $13.69. The firm has a market cap of $274.60 million, a PE ratio of 12.89 and a beta of 0.77.

Waterstone Financial (NASDAQ:WSBF) last posted its quarterly earnings results on Tuesday, July 22nd. The savings and loans company reported $0.43 EPS for the quarter. Waterstone Financial had a return on equity of 6.07% and a net margin of 10.47%.The business had revenue of $38.04 million for the quarter.

Waterstone Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, October 8th. Waterstone Financial’s payout ratio is currently 52.63%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Waterstone Financial in a report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Waterstone Financial 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 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.