Waterstone Fncl (WSBF) Position Held by Schwerin Boyle Capital Management Inc; As Wells Fargo Co New (WFC) Market Valuation Declined, Jnba Financial Advisors Cut Stake by $591,000

June 13, 2018 - By Richard Conner

Waterstone Financial, Inc. (NASDAQ:WSBF) Logo

Jnba Financial Advisors decreased its stake in Wells Fargo Co New (WFC) by 3.98% based on its latest 2018Q1 regulatory filing with the SEC. Jnba Financial Advisors sold 591 shares as the company’s stock declined 8.45% with the market. The institutional investor held 14,252 shares of the major banks company at the end of 2018Q1, valued at $14.25 million, down from 14,843 at the end of the previous reported quarter. Jnba Financial Advisors who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $269.86 billion market cap company. The stock decreased 0.23% or $0.13 during the last trading session, reaching $55.38. About 13.61 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 13, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 20/04/2018 – WILLIAMS SAYS BANK SUPERVISION IS ABOUT MAKING SURE MANAGEMENT FOLLOWING LAWS AND REGULATIONS; 14/05/2018 – Wells Fargo’s Timeout, Lobbying Largesse — Barrons.com; 08/03/2018 – Wells Fargo Under Investigation Re. 401(k) Rollovers — Barrons.com; 10/05/2018 – Wells Fargo CEO Sloan Says Bank Expects to Manage Under Fed Asset Cap for First Part of 2019; 04/05/2018 – Wells Fargo Reaches Agreement in Principle to Resolve Consolidated Securities Fraud Class Action; 10/05/2018 – Wells Fargo Must Pay $97 Million For Wage And Labor Violations — MarketWatch; 13/04/2018 – Wells Fargo Presenting at Conference Apr 13; 09/04/2018 – EXCLUSIVE-U.S. consumer watchdog seeks record fine against Wells Fargo for abuses; 09/04/2018 – CFPB May Fine Wells Fargo As Much As $1 Billion: Report — MarketWatch; 26/04/2018 – Curtiss-Wright to Participate in Wells Fargo 2018 Industrials Conference

Schwerin Boyle Capital Management Inc increased its stake in Waterstone Fncl (WSBF) by 18.63% based on its latest 2018Q1 regulatory filing with the SEC. Schwerin Boyle Capital Management Inc bought 50,000 shares as the company’s stock rose 1.16% while stock markets declined. The hedge fund held 318,353 shares of the finance company at the end of 2018Q1, valued at $5.51M, up from 268,353 at the end of the previous reported quarter. Schwerin Boyle Capital Management Inc who had been investing in Waterstone Fncl for a number of months, seems to be bullish on the $493.84 million market cap company. The stock decreased 0.28% or $0.05 during the last trading session, reaching $17.85. About 35 shares traded. Waterstone Financial, Inc. (NASDAQ:WSBF) has declined 4.25% since June 13, 2017 and is downtrending. It has underperformed by 16.82% the S&P500. Some Historical WSBF News: 20/03/2018 – Waterstone Financial Declares Regular Quarterly Cash Dividend; 24/04/2018 – Waterstone 1Q EPS 25c; 07/03/2018 Baseball News Source: Waterstone Financial, Inc. $WSBF to Issue Special Dividend of $0.50 on April 2nd; 09/03/2018 – Waterstone Financial Closes Above 50-Day Moving Average; 22/04/2018 – DJ Waterstone Financial Inc, Inst Holders, 1Q 2018 (WSBF); 03/04/2018 – WaterStone Bank Hires New Senior Vice President of Retail Banking; 24/04/2018 – WATERSTONE FINANCIAL INC WSBF.O QUARTERLY SHR $0.25

Jnba Financial Advisors, which manages about $564.64M and $8.99 billion US Long portfolio, upped its stake in Procter And Gamble Co (NYSE:PG) by 460 shares to 7,481 shares, valued at $7.48M in 2018Q1, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHD) by 2,619 shares in the quarter, for a total of 11,459 shares, and has risen its stake in Templeton Global Income Fd (GIM).

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Friday, November 10 report. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Sunday, April 15 by Keefe Bruyette & Woods. Sandler O’Neill maintained the shares of WFC in report on Thursday, March 29 with “Buy” rating. Bernstein upgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, January 3 to “Outperform” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Neutral” rating by Guggenheim on Wednesday, April 6. As per Thursday, February 8, the company rating was maintained by Jefferies. BMO Capital Markets maintained it with “Hold” rating and $49.0 target in Friday, October 6 report. Vining Sparks maintained Wells Fargo & Company (NYSE:WFC) on Friday, April 28 with “Strong-Buy” rating. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Monday, January 11 by Goldman Sachs. On Thursday, January 7 the stock rating was upgraded by Citigroup to “Buy”.

Since May 24, 2018, it had 0 insider purchases, and 1 insider sale for $1.40 million activity.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 EPS, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46 billion for 12.36 P/E if the $1.12 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It dived, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. Green Square Limited Liability Corp accumulated 0.52% or 63,144 shares. Sva Plumb Wealth Management Limited Com stated it has 88,684 shares. Thomaspartners Inc holds 2.18% or 5.68M shares in its portfolio. Hikari Tsushin Inc has invested 11.01% of its portfolio in Wells Fargo & Company (NYSE:WFC). Timber Hill Limited Com holds 0.53% or 66,487 shares. Colorado-based Icon Advisers has invested 0.1% in Wells Fargo & Company (NYSE:WFC). Moreover, Sequent Asset Mgmt Llc has 1.21% invested in Wells Fargo & Company (NYSE:WFC). Rothschild Asset reported 584,301 shares. Vermont-based Prentiss Smith Co Inc has invested 0.54% in Wells Fargo & Company (NYSE:WFC). Heritage Wealth Advisors owns 0.69% invested in Wells Fargo & Company (NYSE:WFC) for 31,864 shares. Freestone Capital Ltd Liability Corporation holds 35,530 shares. Deutsche Bankshares Ag owns 31.68 million shares for 1.08% of their portfolio. Amer Assets Invest Mgmt Limited Liability Com holds 9.36% in Wells Fargo & Company (NYSE:WFC) or 940,000 shares. Jrm Counsel Ltd Limited Liability Company invested in 2.45% or 58,190 shares. Colonial Trust holds 0.06% in Wells Fargo & Company (NYSE:WFC) or 5,445 shares.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo eyes post-Brexit hubs” on June 04, 2018, also Seekingalpha.com with their article: “Wells Fargo: Only Buy On Weakness” published on May 26, 2018, Seekingalpha.com published: “Wells Fargo: Value And Longevity” on May 21, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Fool.com and their article: “How Wells Fargo Is Following in Bank of America’s Footsteps” published on June 11, 2018 as well as Bizjournals.com‘s news article titled: “USAA files lawsuit against Wells Fargo over mobile check deposit” with publication date: June 08, 2018.

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.18, from 1.18 in 2017Q4. It worsened, as 7 investors sold WSBF shares while 35 reduced holdings. 9 funds opened positions while 33 raised stakes. 16.72 million shares or 0.17% less from 16.75 million shares in 2017Q4 were reported. Rhumbline Advisers holds 24,713 shares. Price T Rowe Assoc Inc Md reported 16,300 shares or 0% of all its holdings. Seidman Lawrence B holds 6.5% in Waterstone Financial, Inc. (NASDAQ:WSBF) or 479,899 shares. Matarin Mgmt Ltd Liability holds 0% of its portfolio in Waterstone Financial, Inc. (NASDAQ:WSBF) for 23,654 shares. Rmb Cap Management Ltd Liability invested in 0.02% or 51,114 shares. Moreover, Dimensional Fund Advisors Ltd Partnership has 0.01% invested in Waterstone Financial, Inc. (NASDAQ:WSBF) for 1.81M shares. State Teachers Retirement System has invested 0% in Waterstone Financial, Inc. (NASDAQ:WSBF). 1.24M are held by Vanguard Grp Incorporated Inc. Balyasny Asset Limited Liability has 0% invested in Waterstone Financial, Inc. (NASDAQ:WSBF). Martingale Asset LP reported 0.02% stake. Price Michael F holds 1.19M shares. Great West Life Assurance Can stated it has 0% of its portfolio in Waterstone Financial, Inc. (NASDAQ:WSBF). Principal Finance invested in 0% or 10,570 shares. California State Teachers Retirement Systems holds 39,256 shares. Driehaus Cap Limited owns 375,281 shares or 0.23% of their US portfolio.

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