Trading was heavy with 196K shares changing hands on Tuesday. Volume was up 169.80% over the stocks average daily volume.
Short traders are feeling a little more bullish on shares of the company lately if you look at the decrease in short interest. The company realized a fall in short interest of -61.09% between September 29, 2017 and October 13, 2017. Short interest fell 307,216 over that period. Days to cover decreased -4.0 to 3.0 and the short interest percentage is 0.01% as of October 13.
These firms have modified their investment in WSBF. Thomson Horstmann & Bryant Inc trimmed its position by shedding 16,120 shares a decrease of 13.1% as of 09/30/2017. Thomson Horstmann & Bryant Inc currently owns 106,682 shares with a value of $2,080,000. The total value of its holdings decreased 10.1%. As of the end of the quarter Nationwide Fund Advisors had sold a total of 627 shares trimming its holdings by 3.1%. The value of the total investment in Waterstone Financial, Inc. increased from $386,000 to $387,000 increasing 0.3% for the reporting period.
As of quarter end First Trust Advisors Lp had disposed of 6,456 shares trimming its stake by 9.7%. The value of the company’s investment in Waterstone Financial, Inc. went from $1,250,000 to $1,167,000 a change of 6.6% quarter over quarter. Aperio Group, LLC downsized its investment by selling 6,504 shares a decrease of 21.4% in the quarter. Aperio Group, LLC now controls 23,857 shares worth $465,000. The value of the position overall is down by 18.7%.
The company is trading down by 3.52% since yesterday’s close of $19.20. The company recently declared a dividend for shareholders payable on Thursday November 2nd, 2017. The dividend will be $0.120 per share for the quarter which comes to $0.48 on an annualized basis. This dividend represents a yield of $2.41. The ex-dividend date is set for Wednesday the 11th of October 2017.
It is trading at $19.20 which is marginally lower than the 50 day moving average of $19.29 and a tad above the 200 day moving average of $18.81. The 50 day moving average was down by -0.45% whereas the 200 day average was up by +2.08%.
Waterstone Financial, Inc. currently has a P/E ratio of 18.29 and market capitalization is 527.73M. As of the last earnings report the EPS was $1.05 and is estimated to be $1.06 for the current year with 27,486,000 shares now outstanding. Next quarter’s EPS is expected be $0.24 with next year’s EPS projected to be $1.21.
Waterstone Financial, Inc. is the holding company of WaterStone Bank SSB (WaterStone Bank). WaterStone Bank is a community bank. The Company operates in two segments: community banking and mortgage banking. The community banking segment provides consumer and business banking products and services. Its consumer products include loan products, deposit products, and personal investment services. Its business banking products include loans for working capital, inventory and general corporate use, commercial real estate construction loans, and deposit accounts. The mortgage banking segment, which is conducted through Waterstone Mortgage Corporation, consists of originating residential mortgage loans primarily for sale in the secondary market. As of December 31, 2015, WaterStone Bank conducted its community banking business from 11 banking offices located in Milwaukee, Washington and Waukesha Counties, Wisconsin, as well as a loan production office in Minneapolis, Minnesota. WaterStone Bank funds its loan production primarily with retail deposits and Federal Home Loan Bank advances..