Waterstone Financial (NASDAQ:WSBF) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Waterstone Financial, Inc. (NASDAQ:WSBF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.45 and traded as low as $12.75. Waterstone Financial shares last traded at $12.99, with a volume of 47,899 shares.

Waterstone Financial Stock Performance

The stock has a fifty day simple moving average of $14.22 and a two-hundred day simple moving average of $14.44. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.36 and a current ratio of 1.48. The stock has a market cap of $255.68 million, a price-to-earnings ratio of 18.08 and a beta of 0.65.

Waterstone Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Wednesday, January 8th. Waterstone Financial’s dividend payout ratio (DPR) is presently 82.19%.

Insider Buying and Selling at Waterstone Financial

In related news, Director Stephen J. Schmidt sold 4,209 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $16.04, for a total value of $67,512.36. Following the completion of the transaction, the director now owns 70,078 shares of the company’s stock, valued at $1,124,051.12. This represents a 5.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 17,544 shares of company stock worth $274,113 over the last 90 days. Insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WSBF. JPMorgan Chase & Co. boosted its holdings in shares of Waterstone Financial by 73.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,913 shares of the savings and loans company’s stock valued at $763,000 after acquiring an additional 21,902 shares in the last quarter. Barclays PLC raised its position in Waterstone Financial by 242.1% in the third quarter. Barclays PLC now owns 20,824 shares of the savings and loans company’s stock valued at $306,000 after purchasing an additional 14,737 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Waterstone Financial by 33.6% during the third quarter. Jane Street Group LLC now owns 29,082 shares of the savings and loans company’s stock valued at $428,000 after purchasing an additional 7,310 shares in the last quarter. State Street Corp grew its holdings in shares of Waterstone Financial by 0.8% during the third quarter. State Street Corp now owns 462,234 shares of the savings and loans company’s stock worth $6,795,000 after purchasing an additional 3,799 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Waterstone Financial by 26.6% in the third quarter. FMR LLC now owns 71,039 shares of the savings and loans company’s stock valued at $1,044,000 after buying an additional 14,919 shares during the period. 62.71% of the stock is currently owned by institutional investors and hedge funds.

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.