Renaissance Technologies LLC increased its position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,450,474 shares of the savings and loans company’s stock after purchasing an additional 28,089 shares during the period. Renaissance Technologies LLC owned approximately 8.36% of Waterstone Financial worth $41,781,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Citadel Advisors LLC raised its holdings in Waterstone Financial by 184.3% during the second quarter. Citadel Advisors LLC now owns 69,876 shares of the savings and loans company’s stock worth $1,191,000 after purchasing an additional 45,302 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Waterstone Financial by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,873,262 shares of the savings and loans company’s stock valued at $31,939,000 after buying an additional 58,289 shares in the last quarter. BlackRock Inc. increased its holdings in Waterstone Financial by 3.6% in the second quarter. BlackRock Inc. now owns 1,588,181 shares of the savings and loans company’s stock valued at $27,078,000 after buying an additional 55,000 shares in the last quarter. American Century Companies Inc. increased its holdings in Waterstone Financial by 30.5% in the second quarter. American Century Companies Inc. now owns 68,054 shares of the savings and loans company’s stock valued at $1,160,000 after buying an additional 15,892 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Waterstone Financial by 3.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 137,915 shares of the savings and loans company’s stock valued at $2,352,000 after buying an additional 4,626 shares in the last quarter. 58.99% of the stock is owned by hedge funds and other institutional investors.
Shares of Waterstone Financial stock opened at $16.90 on Friday. Waterstone Financial, Inc. has a 12-month low of $16.60 and a 12-month high of $20.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.56 and a quick ratio of 1.41. The stock has a market capitalization of $501.12 million, a price-to-earnings ratio of 16.13 and a beta of 0.07.
Waterstone Financial (NASDAQ:WSBF) last issued its earnings results on Tuesday, July 31st. The savings and loans company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. Waterstone Financial had a net margin of 14.16% and a return on equity of 7.28%. The company had revenue of $47.04 million during the quarter.
In other news, Director Ellen Syburg Bartel sold 7,734 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $17.01, for a total transaction of $131,555.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric J. Egenhoefer sold 14,551 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $17.00, for a total transaction of $247,367.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,734 shares of company stock valued at $862,555. 12.00% of the stock is currently owned by corporate insiders.
A number of brokerages have issued reports on WSBF. UBS Group reaffirmed a “sell” rating and issued a $12.75 target price on shares of Waterstone Financial in a report on Thursday, August 9th. BidaskClub cut shares of Waterstone Financial from a “sell” rating to a “strong sell” rating in a report on Friday, August 10th.
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 provides 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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