Proficio Capital Partners LLC Invests $365,000 in Waterstone Financial, Inc. (NASDAQ:WSBF)

Proficio Capital Partners LLC acquired a new position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,135 shares of the savings and loans company’s stock, valued at approximately $365,000. Proficio Capital Partners LLC owned about 0.14% of Waterstone Financial as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WSBF. John G Ullman & Associates Inc. boosted its holdings in shares of Waterstone Financial by 165.0% during the third quarter. John G Ullman & Associates Inc. now owns 90,826 shares of the savings and loans company’s stock worth $1,335,000 after purchasing an additional 56,554 shares during the last quarter. Foundry Partners LLC boosted its holdings in shares of Waterstone Financial by 19.4% during the third quarter. Foundry Partners LLC now owns 205,165 shares of the savings and loans company’s stock worth $3,016,000 after purchasing an additional 33,305 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Waterstone Financial by 73.0% during the third quarter. JPMorgan Chase & Co. now owns 51,913 shares of the savings and loans company’s stock worth $763,000 after purchasing an additional 21,902 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Waterstone Financial during the third quarter worth $291,000. Finally, FMR LLC boosted its holdings in shares of Waterstone Financial by 26.6% during the third quarter. FMR LLC now owns 71,039 shares of the savings and loans company’s stock worth $1,044,000 after purchasing an additional 14,919 shares during the last quarter. Institutional investors and hedge funds own 62.71% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Mark Raymond Gerke sold 2,738 shares of Waterstone Financial stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $14.14, for a total transaction of $38,715.32. Following the sale, the chief financial officer now directly owns 30,334 shares of the company’s stock, valued at approximately $428,922.76. The trade was a 8.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick S. Lawton sold 37,500 shares of Waterstone Financial stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $14.03, for a total value of $526,125.00. Following the sale, the director now directly owns 49,131 shares in the company, valued at approximately $689,307.93. The trade was a 43.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,147 shares of company stock worth $936,511 over the last quarter. 8.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Waterstone Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th.

Waterstone Financial Price Performance

Shares of Waterstone Financial stock opened at $13.47 on Tuesday. Waterstone Financial, Inc. has a twelve month low of $10.60 and a twelve month high of $16.86. The stock has a market capitalization of $260.24 million, a P/E ratio of 13.34 and a beta of 0.64. 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 business’s fifty day moving average price is $13.62 and its 200 day moving average price is $14.41.

Waterstone Financial (NASDAQ:WSBF) last issued its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.28 EPS for the quarter. Waterstone Financial had a return on equity of 5.75% and a net margin of 9.23%.

Waterstone Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Wednesday, January 8th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Wednesday, January 8th. Waterstone Financial’s dividend payout ratio is presently 59.41%.

Waterstone Financial Company 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.