Charles Schwab Investment Management Inc. Lowers Stock Holdings in Waterstone Financial, Inc. (NASDAQ:WSBF)

Charles Schwab Investment Management Inc. lessened its position in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 3.4% in the third quarter, Holdings Channel.com reports. The fund owned 146,942 shares of the savings and loans company’s stock after selling 5,122 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Waterstone Financial were worth $2,160,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new stake in Waterstone Financial during the second quarter valued at about $30,000. CWM LLC grew its position in Waterstone Financial by 63.3% during the second quarter. CWM LLC now owns 3,588 shares of the savings and loans company’s stock valued at $46,000 after acquiring an additional 1,391 shares during the period. GSA Capital Partners LLP purchased a new stake in Waterstone Financial during the third quarter valued at about $291,000. Los Angeles Capital Management LLC grew its position in Waterstone Financial by 5.4% during the second quarter. Los Angeles Capital Management LLC now owns 23,575 shares of the savings and loans company’s stock valued at $302,000 after acquiring an additional 1,200 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Waterstone Financial by 79.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,108 shares of the savings and loans company’s stock valued at $457,000 after acquiring an additional 13,819 shares during the period. Hedge funds and other institutional investors own 62.71% of the company’s stock.

Insider Buying and Selling at Waterstone Financial

In other Waterstone Financial news, Director Stephen J. Schmidt sold 2,194 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $15.78, for a total transaction of $34,621.32. Following the transaction, the director now owns 70,078 shares of the company’s stock, valued at $1,105,830.84. This trade represents a 3.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 17,544 shares of company stock worth $274,113 in the last 90 days. 8.30% of the stock is owned by corporate insiders.

Waterstone Financial Price Performance

Shares of NASDAQ WSBF opened at $14.80 on Monday. Waterstone Financial, Inc. has a 1-year low of $10.60 and a 1-year high of $16.86. The business has a 50-day moving average of $14.97 and a 200-day moving average of $14.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.48 and a quick ratio of 1.36. The company has a market capitalization of $286.72 million, a price-to-earnings ratio of 20.27 and a beta of 0.63.

Waterstone Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Tuesday, October 8th. Waterstone Financial’s dividend payout ratio (DPR) is 82.19%.

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.