Los Angeles Capital Management LLC Sells 2,600 Shares of Waterstone Financial, Inc. (NASDAQ:WSBF)

Los Angeles Capital Management LLC lessened its position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 11.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,975 shares of the savings and loans company’s stock after selling 2,600 shares during the period. Los Angeles Capital Management LLC’s holdings in Waterstone Financial were worth $308,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Waterstone Financial by 223.5% in the second quarter. AQR Capital Management LLC now owns 42,506 shares of the savings and loans company’s stock valued at $544,000 after buying an additional 29,366 shares during the period. ProShare Advisors LLC bought a new stake in shares of Waterstone Financial in the second quarter valued at approximately $30,000. American Century Companies Inc. boosted its stake in shares of Waterstone Financial by 1.4% in the second quarter. American Century Companies Inc. now owns 158,780 shares of the savings and loans company’s stock valued at $2,031,000 after buying an additional 2,188 shares during the period. Foundry Partners LLC boosted its stake in shares of Waterstone Financial by 6.2% in the second quarter. Foundry Partners LLC now owns 171,860 shares of the savings and loans company’s stock valued at $2,198,000 after buying an additional 10,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Waterstone Financial by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 90,978 shares of the savings and loans company’s stock valued at $1,164,000 after buying an additional 3,926 shares during the period. Institutional investors own 62.71% of the company’s stock.

Waterstone Financial Trading Up 0.1 %

Shares of WSBF stock opened at $15.38 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 1.64. The stock has a market cap of $297.91 million, a P/E ratio of 21.07 and a beta of 0.63. The stock has a 50 day simple moving average of $14.93 and a 200 day simple moving average of $13.91. Waterstone Financial, Inc. has a 1 year low of $10.60 and a 1 year high of $16.86.

Waterstone Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Tuesday, October 8th. Waterstone Financial’s payout ratio is presently 82.19%.

Insiders Place Their Bets

In other Waterstone Financial news, Director Ellen Syburg Bartel sold 3,565 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $15.00, for a total transaction of $53,475.00. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $225,000. This represents a 19.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Schmidt sold 2,687 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $15.80, for a total value of $42,454.60. Following the sale, the director now owns 70,078 shares of the company’s stock, valued at $1,107,232.40. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,355 shares of company stock worth $566,415 over the last three months. Insiders own 8.30% of the company’s stock.

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 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.