Stephen J. Schmidt, a director at Waterstone Financial , Inc. (NASDAQ:WSBF), reported selling shares of the company on November 22, 2024. The transactions, disclosed in a recent SEC filing, involved the sale of shares at prices ranging from $15.25 to $15.61, totaling approximately $111,700.
In addition to these sales, Schmidt executed a stock option exercise, acquiring 7,280 shares at a price of $12.75 each, amounting to a total value of $92,820. Following these transactions, Schmidt's direct ownership stands at 70,078 shares.
These moves provide a snapshot of insider activity at the Wauwatosa, Wisconsin-based savings institution, which operates under the federally chartered savings institution classification.
InvestingPro Insights
Recent insider transactions at Waterstone Financial, Inc. (NASDAQ:WSBF) offer an intriguing backdrop to the company's current financial position. According to InvestingPro data, WSBF has a market capitalization of $290.05 million and is trading at a P/E ratio of 22.16. This valuation comes into perspective when considering one of the InvestingPro Tips, which notes that the company is "Trading at a low P/E ratio relative to near-term earnings growth."
The stock's recent performance has been noteworthy, with InvestingPro data showing a significant 26.01% price total return over the past six months. This aligns with another InvestingPro Tip highlighting a "Large price uptick over the last six months." Such momentum could be of interest to investors watching insider activities like those of Director Stephen J. Schmidt.
Waterstone Financial's financial health appears stable, with InvestingPro Tips indicating that the company has "maintained dividend payments for 11 consecutive years" and is expected to be "profitable this year." The current dividend yield stands at 3.94%, which may attract income-focused investors.
For those seeking a more comprehensive analysis, InvestingPro offers additional insights, with 5 more tips available for Waterstone Financial. These additional tips could provide valuable context to the recent insider transactions and the company's overall financial picture.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.