Waterstone Finl Inc Md Stock Price, News & Analysis

Waterstone Financial, Inc. (NASDAQ: WSBF) announced a quarterly dividend of $0.20 per share on September 21, 2021. This dividend is scheduled for payment on November 2, 2021, to shareholders recorded by October 11, 2021. Waterstone Financial is the holding company for WaterStone Bank, which offers a range of banking services through its multiple branches in Wisconsin and the ability to lend in 48 states.

Waterstone Financial, Inc. achieved the top ranking in Bank Director’s 2021 Bank Performance Scorecard, which evaluates the largest U.S. exchange-traded banks based on profitability, asset quality, and capital adequacy.

This recognition underscores the bank's strong performance, notably in its mortgage segment, which originated a record $4.5 billion in residential home loans. Additionally, the community banking division reported a 47% growth in transactional core deposits. The bank launched a new digital banking platform and opened its 14th branch during its 100th anniversary.

Waterstone Financial, Inc. (NASDAQ: WSBF) announced a net income of $17.9 million ($0.74 per diluted share) for Q2 2021, down from $20.9 million ($0.85 per diluted share) in Q2 2020. Year-to-date, net income per diluted share increased to $1.64, compared to $1.08 in 2020. A special dividend of $0.50 was declared. Key metrics included a 106.4% rise in pre-tax income for the Community Banking segment and a decrease in loan originations by 6.8% in the Mortgage Banking segment. Average deposits grew by 9.2% year-over-year. However, the efficiency ratio improved slightly to 44.79% from 45.86% in Q2 2020.

On June 15, 2021, the Board of Directors of Waterstone Financial declared a quarterly dividend of $0.20 per common share. This dividend is payable on August 3, 2021, to shareholders of record by the close of business on July 12, 2021. Waterstone Financial operates WaterStone Bank, established in 1921, which provides a wide range of banking products across multiple branches in Wisconsin. They also own Waterstone Mortgage, which offers lending services in 48 states.

On May 28, 2021, the Board of Directors of Waterstone Financial declared a special dividend of $0.50 per common share, payable on June 15, 2021, to stockholders of record by June 11, 2021. CEO Doug Gordon emphasized that this special dividend demonstrates the company's strong performance in 2021 and commitment to maintaining a robust dividend payout ratio, aimed at delivering shareholder value.

Waterstone Financial, Inc. (NASDAQ: WSBF) reported a net income of $21.3 million or $0.89 per diluted share for Q1 2021, a significant increase from $6.1 million or $0.24 per diluted share in Q1 2020. The growth was driven by strong mortgage origination, with loan originations rising 57.3% to $1.12 billion. Average deposits increased 12%, while the efficiency ratio improved to 48.17%. The company declared dividends of $0.20 per share. Nonperforming assets reduced to 0.20% of total assets.

On March 16, 2021, Waterstone Financial, Inc. (NASDAQ: WSBF) announced a quarterly dividend of $0.20 per share, set to be paid on May 4, 2021. Shareholders must be on record by the close of business on April 12, 2021. Waterstone Financial is the holding company for WaterStone Bank, which offers a wide range of personal and business banking products across various branches in Wisconsin. Established in 1921, WaterStone Bank also operates Waterstone Mortgage, providing lending services in 48 states.

Waterstone Financial, Inc. (NASDAQ: WSBF) appointed Derek L. Tyus to its Board of Directors on February 8, 2021. Tyus, with extensive experience in financial markets and commercial real estate, aims to leverage his expertise for the organization's growth. He is currently the Chief Investment Officer at West Bend Mutual Insurance Company and has a robust background in investment and strategy. The Board, led by Chairman Pat Lawton, welcomes Tyus to enhance oversight and direction, emphasizing their commitment to community and diversity.

Waterstone Financial, Inc. (NASDAQ: WSBF) reported a net income of $27.8 million for Q4 2020, significantly up from $8.8 million in Q4 2019. This translates to $1.17 earnings per diluted share versus $0.34 a year prior. For the full year, net income per diluted share reached $3.30, up from $1.37. The bank declared $1.28 in dividends per share and repurchased 203,000 shares at a cost of $3.5 million. The mortgage banking segment saw a 65% increase in loan originations, totaling $1.28 billion.