WAUWATOSA, WI — Kristine A. Rappe, a director at Waterstone Financial , Inc. (NASDAQ:WSBF), reported a series of transactions involving the company's common stock on November 6, 2024. According to a Form 4 filing with the Securities and Exchange Commission, Rappe sold shares totaling approximately $479,011. The shares were sold at prices ranging from $16.50 to $16.68 per share.
In addition to the sales, Rappe exercised stock options to acquire 28,975 shares at a price of $12.75 each, amounting to a total of $369,431. Following these transactions, Rappe's direct ownership of Waterstone Financial stock stands at 27,318 shares.
These transactions provide insight into the trading activities of company insiders and are closely monitored by investors. Waterstone Financial, headquartered in Wauwatosa, Wisconsin, operates as a federally chartered savings institution.
InvestingPro Insights
The recent insider activity at Waterstone Financial, Inc. (NASDAQ:WSBF) comes amid a period of strong performance for the company's stock. According to InvestingPro data, WSBF has seen impressive returns, with a 54.7% price total return over the past year and a significant 39.57% return in the last six months. This upward trend is further evidenced by the stock trading at 94.19% of its 52-week high, suggesting investor confidence in the company's prospects.
InvestingPro Tips highlight that management has been aggressively buying back shares, which often signals a belief in the company's undervaluation or future growth potential. This aligns with the insider transaction reported, as it may indicate that company leadership sees value in the stock at current levels.
Additionally, Waterstone Financial boasts a high shareholder yield and has maintained dividend payments for 11 consecutive years. With a current dividend yield of 3.63%, the company offers an attractive proposition for income-focused investors. The stock's P/E ratio of 22.13 and a price-to-book ratio of 0.85 suggest that WSBF may be reasonably valued relative to its earnings and book value.
For investors seeking more comprehensive analysis, InvestingPro offers 13 additional tips for Waterstone Financial, providing deeper insights into the company's financial health and market position.
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