Stephen J. Schmidt, a director at Waterstone Financial , Inc. (NASDAQ:WSBF), recently executed a series of transactions involving the company's common stock. On November 12, 2024, Schmidt acquired 2,687 shares through option exercises at a price of $12.75 per share, adding to his holdings. However, the more notable activity was on the selling side. Schmidt sold a total of 3,226 shares over two days, November 12 and 13, at prices ranging from $15.75 to $15.97 per share, amounting to a total sale value of $62,127.
After these transactions, Schmidt's direct ownership in Waterstone Financial stands at 70,078 shares. These movements were disclosed in a Form 4 filing with the Securities and Exchange Commission, providing transparency to investors and the public regarding insider activities.
InvestingPro Insights
Waterstone Financial, Inc. (NASDAQ:WSBF) has been showing some interesting financial metrics that provide context to Stephen J. Schmidt's recent stock transactions. According to InvestingPro data, the company's market capitalization stands at $279.23 million, with a price-to-earnings ratio of 21.4. This valuation comes amid a significant stock price increase, with InvestingPro Tips highlighting a large price uptick over the last six months. In fact, the 6-month price total return as of the most recent data is an impressive 25.66%.
The company's financial health appears robust, with InvestingPro Tips indicating that Waterstone Financial has maintained dividend payments for 11 consecutive years. Currently, the stock offers a dividend yield of 3.91%, which may be attractive to income-focused investors. Additionally, management has been aggressively buying back shares, suggesting confidence in the company's value proposition.
Despite the insider selling activity, there are positive signals for potential investors. InvestingPro Tips reveal that the company is trading at a low P/E ratio relative to near-term earnings growth, with a PEG ratio of 0.52 for the last twelve months as of Q3 2024. This could indicate that the stock is undervalued compared to its growth prospects. Furthermore, net income is expected to grow this year, and analysts predict the company will be profitable.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. There are 5 more InvestingPro Tips available for Waterstone Financial, which could provide a fuller picture of the company's financial position and future outlook.
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