Waterstone Financial, Inc. (NASDAQ:WSBF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in Waterstone Financial, Inc. (NASDAQ:WSBF) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,733 shares of the savings and loans company’s stock after selling 2,209 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.75% of Waterstone Financial worth $1,945,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Barclays PLC grew its holdings in shares of Waterstone Financial by 242.1% during 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. Proficio Capital Partners LLC acquired a new position in Waterstone Financial during the 4th quarter valued at approximately $365,000. Jane Street Group LLC grew its stake in Waterstone Financial by 33.6% during the 3rd quarter. Jane Street Group LLC now owns 29,082 shares of the savings and loans company’s stock worth $428,000 after buying an additional 7,310 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Waterstone Financial by 79.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,108 shares of the savings and loans company’s stock worth $457,000 after buying an additional 13,819 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Waterstone Financial by 73.0% in the third quarter. JPMorgan Chase & Co. now owns 51,913 shares of the savings and loans company’s stock valued at $763,000 after buying an additional 21,902 shares during the last quarter. 62.71% of the stock is currently owned by institutional investors.

Waterstone Financial Stock Down 1.3 %

WSBF stock opened at $13.46 on Friday. The firm’s 50-day moving average is $13.83 and its two-hundred day moving average is $14.29. The company has a market capitalization of $260.05 million, a price-to-earnings ratio of 13.33 and a beta of 0.64. Waterstone Financial, Inc. has a 52 week low of $10.60 and a 52 week high of $16.86. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 1.64.

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

Waterstone Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, April 8th. This represents a $0.60 annualized dividend and a dividend yield of 4.46%. Waterstone Financial’s dividend payout ratio is 59.41%.

Insider Activity at Waterstone Financial

In other news, Director Stephen J. Schmidt sold 14,928 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $13.80, for a total transaction of $206,006.40. Following the completion of the transaction, the director now owns 70,078 shares of the company’s stock, valued at approximately $967,076.40. This represents a 17.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Raymond Gerke sold 2,738 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $14.14, for a total value of $38,715.32. Following the sale, the chief financial officer now owns 30,334 shares in the company, valued at approximately $428,922.76. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,669 shares of company stock valued at $929,283. 8.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Waterstone Financial from a “buy” rating to a “hold” rating in a research report on Saturday.

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.