Stephen J. Schmidt, a director at Waterstone Financial , Inc. (NASDAQ:WSBF), recently executed a series of stock transactions involving the company's common stock. According to a recent SEC filing, Schmidt sold shares worth approximately $159,608, with transaction prices ranging from $15.25 to $15.38 per share.
In addition to the sales, Schmidt also exercised stock options on November 20 and 21, acquiring a total of 10,437 shares at an exercise price of $12.75 per share. Following these transactions, Schmidt holds 70,078 shares of Waterstone Financial directly.
These transactions are part of routine financial activities by company insiders and are disclosed to provide transparency to investors.
InvestingPro Insights
Recent insider transactions at Waterstone Financial, Inc. (NASDAQ:WSBF) offer a glimpse into the company's financial landscape. While Director Stephen J. Schmidt's recent stock sales and option exercises have caught investor attention, a broader look at the company's financials reveals some interesting insights.
According to InvestingPro data, Waterstone Financial boasts a market capitalization of $280.88 million, with a P/E ratio of 21.5. This valuation metric should be considered alongside the company's financial performance and growth prospects.
InvestingPro Tips highlight that management has been aggressively buying back shares, which could signal confidence in the company's future. Additionally, Waterstone Financial has maintained dividend payments for 11 consecutive years, with a current dividend yield of 3.9%. This consistent dividend history may appeal to income-focused investors.
The company's financial health appears robust, with InvestingPro Tips indicating that Waterstone Financial has been profitable over the last twelve months and analysts predict continued profitability this year. Moreover, the company's net income is expected to grow this year, potentially justifying its current valuation.
It's worth noting that Waterstone Financial is trading at a low P/E ratio relative to its near-term earnings growth, as suggested by another InvestingPro Tip. This could indicate a potential value opportunity for investors looking at the company's future prospects.
For those interested in a more comprehensive analysis, InvestingPro offers 8 additional tips for Waterstone Financial, providing a deeper dive into the company's financial position and market outlook.
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