Geode Capital Management LLC Has $5.83 Million Stock Holdings in Waterstone Financial, Inc. (NASDAQ:WSBF)

Geode Capital Management LLC reduced its holdings in shares of Waterstone Financial, Inc. (NASDAQ:WSBF) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 396,430 shares of the savings and loans company’s stock after selling 8,609 shares during the period. Geode Capital Management LLC’s holdings in Waterstone Financial were worth $5,828,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. State Street Corp grew its position in Waterstone Financial by 0.8% in the third quarter. State Street Corp now owns 462,234 shares of the savings and loans company’s stock valued at $6,795,000 after acquiring an additional 3,799 shares during the period. FMR LLC increased its position in shares of Waterstone Financial by 26.6% during the 3rd quarter. FMR LLC now owns 71,039 shares of the savings and loans company’s stock worth $1,044,000 after purchasing an additional 14,919 shares in the last quarter. John G Ullman & Associates Inc. lifted its holdings in Waterstone Financial by 165.0% during the 3rd quarter. John G Ullman & Associates Inc. now owns 90,826 shares of the savings and loans company’s stock valued at $1,335,000 after purchasing an additional 56,554 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Waterstone Financial in the third quarter valued at about $291,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake 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 worth $457,000 after buying an additional 13,819 shares during the last quarter. 62.71% of the stock is currently owned by institutional investors and hedge funds.

Waterstone Financial Stock Performance

NASDAQ:WSBF opened at $13.05 on Friday. The stock has a market capitalization of $252.82 million, a P/E ratio of 17.88 and a beta of 0.65. Waterstone Financial, Inc. has a 1 year low of $10.60 and a 1 year high of $16.86. The firm has a 50 day moving average of $14.72 and a 200-day moving average of $14.42. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Wednesday, January 8th. Waterstone Financial’s dividend payout ratio is currently 82.19%.

Insider Activity

In other news, Director Stephen J. Schmidt sold 4,209 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $16.04, for a total transaction of $67,512.36. Following the transaction, the director now directly owns 70,078 shares in the company, valued at approximately $1,124,051.12. This represents a 5.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 17,544 shares of company stock worth $274,113. 8.30% of the stock is owned by corporate insiders.

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.