Waterstone Financial (NASDAQ:WSBF) rating downgraded to sell at Zacks Investment Research

Waterstone Financial (NASDAQ: WSBFGet a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report delivered to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Waterstone Mortgage Corp. is committed to providing its customers with exceptional customer service. By providing our clients with sound, 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 loan process and reassure you during the application and approval process. “

Separately, StockNews.com began covering Waterstone Financial shares in a research report on Thursday, March 31. They set a “holding” rating for the company.

Shares of NASDAQ: WSBF traded down $0.11 during midday trading on Thursday, hitting $16.75. 3,024 shares of the company have been traded, against an average volume of 103,690. The company has a current ratio of 1.52, a quick ratio of 1.27 and a debt ratio of 1.10. The company’s fifty-day moving average is $19.07 and its two-hundred-day moving average is $20.38. Waterstone Financial has a one-year low of $15.70 and a one-year high of $22.74. The stock has a market capitalization of $405.30 million, a PE ratio of 7.32 and a beta of 0.33.

Waterstone Financial (NASDAQ: WSBFGet a rating) last reported results on Thursday, April 21. The savings and loan company reported earnings per share of $0.23 for the quarter, missing the Zacks consensus estimate of $0.30 per ($0.07). Waterstone Financial had a return on equity of 12.56% and a net margin of 22.46%. As a group, sell-side analysts expect Waterstone Financial to post 1.46 EPS for the current year.

Separately, director Michael L. Hansen sold 12,500 shares of the company in a transaction on Monday, March 14. The shares were sold at an average price of $19.70, for a total transaction of $246,250.00. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. 12.10% of the shares are held by company insiders.

Institutional investors have recently increased or reduced their stake in the stock. Citigroup Inc. increased its stake in shares of Waterstone Financial by 225.9% in the third quarter. Citigroup Inc. now owns 4,664 shares of the savings and loan company valued at $96,000 after acquiring 3,233 additional shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Waterstone Financial by 109.3% in the third quarter. BNP Paribas Arbitrage SA now owns 7,056 shares in the savings and loan company valued at $145,000 after acquiring an additional 3,684 shares during the period. Royal Bank of Canada increased its stake in shares of 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. Barclays PLC increased its stake in shares of Waterstone Financial by 202.1% in the third quarter. Barclays PLC now owns 9,020 shares in the savings and loan company valued at $185,000 after acquiring an additional 6,034 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new equity stake in Waterstone Financial in the first quarter worth $214,000. 67.51% of the shares are currently held by institutional investors.

About Waterstone Financial (Get a rating)

Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB which provides various financial services to customers in Southeast Wisconsin, USA. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers personal and corporate banking products and services, such as deposit and transaction solutions, including checking accounts, online banking and bill payment services, money transfer services , as well as credit, debit and prepaid cards; investable fund solutions including 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.

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