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Waterstone Financial Inc   (NASDAQ: WSBF)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $13.4700 $-0.23 -1.679%
Day's High: $13.66 Week Perf: -3.79 %
Day's Low: $ 13.44 30 Day Perf: -1.68 %
Volume (M): 33 52 Wk High: $ 16.86
Volume (M$): $ 450 52 Wk Avg: $13.94
Open: $13.66 52 Wk Low: $11.61



 Market Capitalization (Millions $) 246
 Shares Outstanding (Millions) 18
 Employees 698
 Revenues (TTM) (Millions $) 134
 Net Income (TTM) (Millions $) 19
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 1

Waterstone Financial Inc
Waterstone Financial, Inc., a Maryland Corporation, ("New Waterstone") was organized in June 2013. Upon completion of the mutual-to-stock conversion of Lamplighter Financial, MHC in January 2014, New Waterstone became the holding company of WaterStone Bank SSB ("WaterStone Bank") and succeeded to all of the business and operations of Waterstone Financial, Inc., a Federal Corporation ("Waterstone-Federal") and each of Waterstone-Federal and Lamplighter Financial, MHC ceased to exist. In this report, we refer to WaterStone Bank, our wholly owned subsidiary, both before and after the reorganization, as "WaterStone Bank" or the "Bank."

WaterStone Bank conducts 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 Banks principal lending activity is originating one- to four-family and multi-family residential real estate loans for retention in its portfolio.

WaterStone Bank is subject to comprehensive regulation and examination by the Wisconsin Department of Financial Institutions (WDFI) and the Federal Deposit Insurance Corporation.

WaterStone Banks executive offices are located at 11200 West Plank Court, Wauwatosa, Wisconsin 53226, and its telephone number is (414) 761-1000. Its website address is www.wsbonline.com.

WaterStone Banks mortgage banking operations are conducted through its wholly-owned subsidiary, Waterstone Mortgage Corporation. Waterstone Mortgage Corporation originates single-family residential real estate loans for sale into the secondary market. Waterstone Mortgage Corporation utilizes lines of credit provided by WaterStone Bank as a primary source of funds, and also utilizes a line of credit with another financial institution as needed.

The scope of the discussion included under "Lending Activities" is limited to lending operations related to loans originated for investment. A discussion of the lending activities related to loans originated for sale is included under "Mortgage Banking Activities."

Wauwatosa Investments, Inc. is WaterStone Banks investment subsidiary headquartered in the State of Nevada. Wauwatosa Investments, Inc. manages the back office function for WaterStone Banks investment portfolio. Our Chief Financial Officer and Treasury Officer are responsible for executing purchase and sales in accordance with our investment policy and monitoring the investment activities of Wauwatosa Investments, Inc. The investment policy is reviewed annually by management and changes to the policy are recommended to and subject to the approval of our board of directors. Authority to make investments under the approved investment policy guidelines is delegated by the board to designated employees. While general investment strategies are developed and authorized by management, the execution of specific actions rests with the Chief Financial Officer and Treasury Officer who may act jointly in performing security trades. The Chief Financial Officer and Treasury Officer are responsible for ensuring that the guidelines and requirements included in the investment policy are followed and that all securities are considered prudent for investment. The Chief Financial Officer and the Treasury Officer are authorized to execute investment transactions (purchases and sales) without the prior approval of the board provided they are within the scope of the established Investment Policy.

Our investment policy requires that all securities transactions be conducted in a safe and sound manner. Investment decisions are based upon a thorough analysis of each security instrument to determine its quality, inherent risks, fit within our overall asset/liability management objectives, effect on our risk-based capital measurement and prospects for yield and/or appreciation.

Deposits have traditionally been our primary source of funds for use in lending and investment activities. We also rely on advances from the Federal Home Loan Bank of Chicago and borrowings from other commercial banks in the form of repurchase agreements collateralized by investment securities. In addition to deposits and borrowings, we derive funds from scheduled loan payments, investment maturities, loan prepayments, retained earnings and income on earning assets. While scheduled loan payments and income on earning assets are relatively stable sources of funds, deposit inflows and outflows can vary widely and are influenced by prevailing market interest rates, economic conditions and competition from other financial institutions.

A majority of our depositors are persons who work or reside in Milwaukee and Waukesha Counties and, to a lesser extent, other southeastern Wisconsin communities. We offer a selection of deposit instruments, including checking, savings, money market deposit accounts, and fixed-term certificates of deposit. Deposit account terms vary, with the principal differences being the minimum balance required, the amount of time the funds must remain on deposit and the interest rate. Our reliance on certificates of deposit has resulted in a higher cost of funds than would otherwise be the case if demand deposits, savings and money market accounts made up a larger part of our deposit base. Development of our branch network and expansion of our commercial products and services and aggressively seeking lower cost savings, checking and money market accounts are expected to result in decreased reliance on higher-cost certificates of deposit.



   Company Address: 11200 W. Plank Court Wauwatosa 53226 WI
   Company Phone Number: 761-1000   Stock Exchange / Ticker: NASDAQ WSBF


Customers Net Income fell by WSBF's Customers Net Profit Margin fell to

-36.06 %

10.72 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKU        0.03% 
BRKL   -0.81%    
CFFN   -1.58%    
KRNY   -4.09%    
PFS   -0.22%    
TFSL   -2.11%    
• View Complete Report
   



Dividend

Navigating Waters: Waterstone Financial, Inc. Rides High on Profitable Tide with Growing Net Income in 2024

Published Tue, Jan 28 2025 9:01 PM UTC

In the ever-dynamic world of finance, the performance of Waterstone Financial, Inc. (NASDAQ: WSBF) over the last year catches a flicker of optimism that possibly signalizes an upturn for the company. In a compelling financial report that closes 2024 on an exhilarating note, Waterstone Financial, the holding company for WaterStone Bank, defied previous challenges to report a ...

Dividend

Waterstone Financials Dividend Declaration Complicated by Declining Payout Ratios and Competitive Pressures,

Published Thu, Dec 19 2024 9:25 PM UTC

Waterstone Financial Declares Quarterly Cash Dividend Amidst Declining Dividend Payout RatiosOn December 19, 2024, Waterstone Financial, Inc. (NASDAQ: WSBF) announced the declaration of a regular quarterly cash dividend of $0.15 per common share, showcasing the company?s commitment to returning value to its shareholders, despite navigating a complex financial landscape. The ...

Dividend

Waterstone Financial Prioritizes Shareholder Returns with Solid Dividend Announcement Amidst Strong Earnings Growth,

Published Tue, Sep 24 2024 8:00 PM UTC

Waterstone Financial Declares Quarterly Cash Dividend, Reflects Strong Earnings Growth and Commitment to ShareholdersWAUWATOSA, Wis. September 24, 2024 Waterstone Financial, Inc. (NASDAQ: WSBF), a company known for its strong commitment to shareholder value, has announced the declaration of a regular quarterly cash dividend of $0.15 per common share. This decision, issued ...

Dividend

Waterstone Financial Prioritizes Shareholder Value with Quarterly Cash Dividend Declaration

Published Tue, Jun 18 2024 8:00 PM UTC

Waterstone Financial Declares Quarterly Dividend of $0.15 per Share in Continued Effort to Maximize Shareholder Value
WAUWATOSA, Wis. In a move aimed at furthering its commitment to maximizing shareholder value, Waterstone Financial, Inc. (NASDAQ: WSBF) has announced a regular quarterly cash dividend of $0.15 per common share. This dividend, declared by the company s B...

Waterstone Financial Inc

Waterstone Financial Inc. sees significant boost in profit margins for first quarter of 2024 earnings season

Waterstone Financial, Inc.'s recent announcement of a regular quarterly cash dividend of $0.15 per common share has provided shareholders with a positive development. This declaration reflects the company's commitment to returning value to its investors and signifies its confidence in its financial health. However, despite this positive news, Waterstone Financial Inc's stock has experienced a recent decline, prompting investors to evaluate the impact of this announcement on the company's shares.
The declaration of a quarterly dividend is a significant event for shareholders as it represents a tangible return on their investment. The dividend, payable on May 1, 2024, provides shareholders with an opportunity to receive additional income. Shareholders of record as of April 8, 2024, are eligible to receive the dividend, rewarding long-term investors who have maintained their positions in the company.







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