Welcome to our dedicated page for Waterstone Finl Md news (Ticker: WSBF), a resource for investors and traders seeking the latest updates and insights on Waterstone Finl Md stock.
Waterstone Financial, Inc. (NASDAQ: WSBF) is the savings and loan holding company for WaterStone Bank and WaterStone Mortgage Corporation. Company news and press releases highlight its role as a community-focused financial institution established in 1921, with WaterStone Bank operating 14 branch locations across southeastern Wisconsin and WaterStone Mortgage described as a national lender licensed in 48 states.
The WSBF news feed features regular announcements of quarterly and annual financial results, where management discusses consolidated net income, segment performance for Community Banking and Mortgage Banking, net interest income, net interest margin, mortgage banking income, and key asset quality metrics. These releases often include detailed consolidated statements of income and financial condition, along with commentary on trends in loans, deposits, and mortgage originations.
Investors and analysts following WSBF can also find dividend declarations, as the Board of Directors has repeatedly announced regular quarterly cash dividends of $0.15 per common share in recent press releases. Additional news items cover corporate governance developments, such as the election of new members to the Board of Directors and changes in committee leadership, which are also reported in accompanying Form 8-K filings.
For readers tracking the savings institutions and mortgage banking space, the Waterstone Financial news page provides an ongoing record of how the company’s Community Banking and Mortgage Banking segments are performing, how management describes market conditions, and how capital actions such as dividends and share repurchases are discussed in official communications.
Waterstone Financial (NASDAQ: WSBF) announced a new share repurchase program on July 21, 2020, authorizing the buyback of up to 2,000,000 shares, approximately 7.7% of its outstanding stock. This follows a previous program where 2,000,000 shares were repurchased at an average price of $15.65. The program is set to commence around July 29, 2020, and will be influenced by market conditions and available funds. Shares repurchased will be treated as authorized but unissued, and the program may be suspended or modified based on various factors.
The Board of Directors of Waterstone Financial has declared a quarterly dividend of $0.12 per common share. This dividend is payable on August 3, 2020, to shareholders of record as of the close of business on July 13, 2020. Waterstone Financial is the holding company for WaterStone Bank, which offers a comprehensive range of personal and business banking products. Established in 1921, the bank operates multiple branches across Wisconsin and has a commercial lending office in Minnesota.
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