Ellen Syburg Bartel, a director at Waterstone Financial , Inc. (NASDAQ:WSBF), has recently engaged in multiple stock transactions, according to the latest SEC filings. The reported activities include both the acquisition and disposal of shares in the federally chartered savings institution.
On the buying side, Bartel exercised options to acquire a total of 15,140 shares at a set price of $12.75 per share, amounting to a total transaction value of $193,035. These transactions occurred on two separate occasions, with 110 shares exercised on September 4, and a significant 15,030 shares on September 5.
Conversely, Bartel also sold shares over the two-day period. On September 4, a total of 110 shares were sold at prices ranging from $15.00 to $15.04, followed by a larger sale on September 5, which included transactions of 2,486 shares at $15.01, 12,226 shares at $15.00, and smaller amounts at prices slightly above $15.00. The total value of shares sold by Bartel amounted to $227,127.
The transactions left Bartel with a direct ownership of 15,000 shares in Waterstone Financial following the sales. These filings provide transparency into the trading activities of company insiders, offering investors insights into the behavior of Waterstone Financial's executives with respect to their stock holdings.
In other recent news, Waterstone Financial, Inc. announced a quarterly cash dividend of $0.15 per common share. This dividend will be payable on August 1, 2024, to shareholders of record as of July 8, 2024. The announcement underscores Waterstone Financial's commitment to delivering shareholder value, reflecting the company's financial health and stable earnings. Dividends, as a routine distribution of profits to investors, are an indicator of a company's ongoing profitability. The company's banking subsidiary, WaterStone Bank, has a robust presence in Wisconsin, catering to a wide range of personal and business financial needs. These developments are part of the recent happenings at Waterstone Financial, Inc. It's important to note that this information is based on a press release statement from the company.
InvestingPro Insights
Amid the recent insider trading activity at Waterstone Financial, Inc. (NASDAQ:WSBF), investors may be seeking deeper insights into the company's financial health and future prospects. An InvestingPro analysis reveals several key metrics and tips that could influence investor perception and decision-making.
Firstly, Waterstone Financial's management has been actively engaging in share buybacks, as indicated by one of the InvestingPro Tips. This is often a sign of confidence from management in the company's value and can be a positive signal to investors. Additionally, the company is expected to see net income growth this year, which could be a driving factor behind the director's recent stock transactions.
On the financial data front, Waterstone Financial has a market capitalization of $271.17 million and is trading at a P/E ratio of 24.04, which adjusts to 22.59 when considering the last twelve months as of Q2 2024. The company's PEG ratio for the same period stands at 4.95, which might suggest a higher price relative to earnings growth. Moreover, the company has a price to book ratio of 0.81 as of Q2 2024, potentially indicating that the stock is undervalued compared to its book value.
Investors should note that while the company's revenue growth has seen a decline of 6.92% over the last twelve months as of Q2 2024, there has been a quarterly revenue growth of 3.85% in Q2 2024. This mixed signal might be of interest to those weighing the company's short-term performance against its longer-term trends.
For those interested in dividend stability, Waterstone Financial has maintained its dividend payments for 11 consecutive years, with a current dividend yield of 4.03%. Despite a dividend growth decline of 25.0% over the last twelve months as of Q2 2024, the consistent payout could appeal to income-focused investors.
To gain further insights, investors can explore more InvestingPro Tips available for Waterstone Financial. These tips, which include analysis of profitability and stock performance over various time frames, can be found at https://www.investing.com/pro/WSBF, providing a comprehensive outlook on the company's financial standing and future potential.
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