Waterstone Financial (NASDAQ:WSBF) Announces Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Waterstone Financial (NASDAQ:WSBF) posted its quarterly earnings data on Friday. The savings and loans company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.30), FiscalAI reports. Waterstone Financial had a return on equity of 8.64% and a net margin of 14.57%. The firm had revenue of $35.71 million for the quarter, compared to analysts’ expectations of $65.80 million.

Waterstone Financial Stock Down 0.5%

Shares of WSBF traded down $0.10 during midday trading on Friday, reaching $20.04. The company had a trading volume of 40,677 shares, compared to its average volume of 66,119. Waterstone Financial has a 1-year low of $15.11 and a 1-year high of $21.66. The stock has a market cap of $360.32 million, a PE ratio of 11.65 and a beta of 0.76. The firm has a 50 day simple moving average of $20.22 and a 200-day simple moving average of $19.31.

Waterstone Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WSBF shares. Wall Street Zen lowered Waterstone Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Waterstone Financial in a research note on Wednesday, August 26th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Waterstone Financial presently has a consensus rating of “Buy”.

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.