Stephen J. Schmidt, a director at Waterstone Financial , Inc. (NASDAQ:WSBF), recently reported a series of transactions involving the company's common stock. According to the SEC filing dated November 12, Schmidt executed multiple transactions on November 8 and November 11.
On November 8, Schmidt sold a total of 2,864 shares at prices ranging from $15.75 to $15.82 per share. The transactions resulted in proceeds of approximately $45,274. The following trading day, November 11, Schmidt sold an additional 2,671 shares, again at prices between $15.75 and $15.82 per share, totaling about $45,274.
These sales amounted to a total value of $90,548. After these transactions, Schmidt holds 70,078 shares of Waterstone Financial. The transactions were conducted as direct ownership.
InvestingPro Insights
Recent insider activity at Waterstone Financial, Inc. (NASDAQ:WSBF) aligns with several notable trends highlighted by InvestingPro data and tips. The company's stock has shown strong performance, with a 30.61% price total return over the past six months and an impressive 47% return over the past year. This upward momentum is reflected in the stock trading at 93.12% of its 52-week high, suggesting investor confidence.
Despite the recent insider sales, InvestingPro Tips indicate that management has been aggressively buying back shares, potentially signaling their belief in the company's value. This is further supported by the high shareholder yield, which combines dividends, share repurchases, and debt reduction to measure the total return of capital to shareholders.
Waterstone Financial boasts a dividend yield of 3.81%, with a track record of maintaining dividend payments for 11 consecutive years. This consistency in shareholder returns is particularly noteworthy given the company's modest market capitalization of $291.52 million.
From a valuation perspective, WSBF is trading at a P/E ratio of 22.27, which may seem high at first glance. However, the PEG ratio of 0.53 suggests that the stock might be undervalued relative to its expected earnings growth. This is reinforced by an InvestingPro Tip indicating that the company is trading at a low P/E ratio relative to near-term earnings growth.
For investors seeking more comprehensive analysis, InvestingPro offers 10 additional tips for Waterstone Financial, providing a deeper understanding of the company's financial health and market position.
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