Stephen J. Schmidt, a director at Waterstone Financial, Inc. (NASDAQ:), recently executed several stock transactions, according to a filing with the Securities and Exchange Commission. On November 25, Schmidt acquired 2,194 shares of the company’s common stock at a price of $12.75 per share, amounting to a total value of $27,973. Following this acquisition, Schmidt proceeded to sell a total of 2,194 shares in multiple transactions. The sales were executed at prices ranging from $15.75 to $15.865 per share, totaling $34,617.
After these transactions, Schmidt’s direct ownership of Waterstone Financial’s common stock stands at 70,078 shares. The transactions reflect a strategic financial maneuver within the company’s stock, providing insights into the director’s current investment stance.
InvestingPro Insights
The recent stock transactions by Stephen J. Schmidt, a director at Waterstone Financial, Inc. (NASDAQ:WSBF), align with several key financial metrics and trends observed in the company. According to InvestingPro data, Waterstone Financial has a market capitalization of $280.15 million and is currently trading at a P/E ratio of 21.4.
One of the InvestingPro Tips highlights that management has been aggressively buying back shares, which could be seen as a vote of confidence in the company’s future prospects. This aligns with Schmidt’s recent acquisition of shares, although his subsequent sale at a higher price suggests he may have capitalized on short-term price movements.
Another relevant InvestingPro Tip indicates that Waterstone Financial has maintained dividend payments for 11 consecutive years. This consistency in dividend payouts, coupled with the current dividend yield of 3.96%, may be attractive to income-focused investors like Schmidt.
The company’s stock has seen a significant price uptick over the last six months, with InvestingPro data showing a 25.43% total return over that period. This positive momentum could have influenced Schmidt’s decision to sell some shares at the higher price points.
It’s worth noting that InvestingPro offers additional insights, with 6 more tips available for Waterstone Financial. Investors looking for a more comprehensive analysis may find value in exploring these additional tips on the InvestingPro platform.
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