Waterstone Financial (NASDAQ:WSBF – Get a rating) has been updated by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note released Thursday to investors, Zacks.com reports. The company currently has a target price of $22.00 on shares of the savings and loan company. Zacks Investment ResearchThe company’s price target would indicate a potential upside of 13.64% from the company’s current price.
According to Zacks, “Waterstone Mortgage Corp. is committed to providing our customers with exceptional customer service. By providing customers with knowledgeable and expert advice on the many loan programs and options available, we hope to unravel the mystery of mortgage financing. For most people, a mortgage is the most important financial transaction they will ever make. Waterstone’s expert loan consultants are able to guide you through the mortgage process and reassure you during the process. request and approval.
Separately, StockNews.com assumed a hedge on Waterstone Financial in a research note on Thursday. They set a “hold” rating for the company.
Waterstone Financial shares opened at $19.36 on Thursday. The company has a market capitalization of $469.11 million, a P/E ratio of 6.56 and a beta of 0.34. The stock has a fifty-day moving average price of $19.85 and a 200-day moving average price of $20.63. Waterstone Financial has a 52-week low of $18.70 and a 52-week high of $22.74. The company has a current ratio of 1.52, a quick ratio of 1.27 and a debt ratio of 1.10.
Waterstone Financial (NASDAQ:WSBF – Get a rating) last announced its quarterly results on Thursday, January 27. The savings and loan company reported EPS of $0.53 for the quarter, beating Thomson Reuters consensus estimate of $0.48 by $0.05. The company posted revenue of $55.19 million in the quarter, versus analyst estimates of $55.70 million. Waterstone Financial had a return on equity of 16.30% and a net margin of 25.92%. As a group, equity analysts predict Waterstone Financial will post EPS of 1.43 for the current year.
Separately, director Michael L. Hansen sold 12,500 shares in a trade dated Monday, March 14. The stock was sold at an average price of $19.70, for a total value of $246,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. 11.90% of the shares are currently held by insiders of the company.
A number of large investors have recently increased or reduced their stakes in WSBF. Royal Bank of Canada increased its position in Waterstone Financial by 7.3% in the third quarter. Royal Bank of Canada now owns 8,805 shares of the savings and loan company valued at $180,000 after acquiring 597 additional shares during the period. First Trust Advisors LP increased its position in shares of Waterstone Financial by 6.4% in the fourth quarter. First Trust Advisors LP now owns 11,567 shares of the savings and loan company worth $253,000 after purchasing an additional 696 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Waterstone Financial by 0.7% in the third quarter. Los Angeles Capital Management LLC now owns 117,299 shares of the savings and loan company worth $2,403,000 after purchasing an additional 796 shares during the period. Dean Investment Associates LLC increased its position in Waterstone Financial by 0.6% during the fourth quarter. Dean Investment Associates LLC now owns 134,136 shares of the savings and loan company valued at $2,932,000 after buying 812 additional shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Waterstone Financial by 5.8% during the third quarter. UBS Asset Management Americas Inc. now owns 32,177 shares of the savings and loan company valued at $659,000 after buying an additional 1,771 shares last quarter. 67.51% of the shares are currently held by institutional investors.
About Waterstone Financial (Get a rating)
Waterstone Financial, Inc operates as a loan holding company, which provides core lending activities. The Company operates through the following segments: Community Banking and Mortgage Banking. The Community Banking segment provides personal and business banking products and services to customers primarily in southeast Wisconsin.
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