In a recent series of transactions, Waterstone Financial , Inc. (NASDAQ:WSBF) executive Bartel Ellen Syburg, who serves as a director of the company, sold a total of $62,050 worth of company stock. The sales occurred on September 13, 2024, with prices ranging from $14.79 to $15.02 per share.
The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, which provides updates on the trading activities of a company’s insiders. On the same day, Bartel Ellen Syburg also acquired 4,166 shares through option exercises at a price of $12.75 per share, totaling $53,116.
While the buying price was fixed at $12.75 per share, the selling prices varied, reflecting the market’s fluctuations throughout the day of the transactions. The total number of shares sold by Syburg was not specified in the summary provided, but the sales were significant enough to be reported in the filing.
After these transactions, the updated amount of common stock owned by Bartel Ellen Syburg was not disclosed. However, investors often look to the trading behavior of company executives as a signal of their confidence in the firm’s future prospects.
Waterstone Financial, Inc., based in Wauwatosa, Wisconsin, is a federally chartered savings institution. The company’s stock is traded on the NASDAQ under the ticker symbol WSBF. These recent transactions provide shareholders and potential investors with insight into executive trading patterns, which can be an essential factor in investment decisions.
In other recent news, Waterstone Financial, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.15 per common share. This dividend, indicative of the company’s financial health and stable earnings, is payable on August 1, 2024, to shareholders of record as of July 8, 2024. The declaration of this dividend is a routine distribution of profits to investors and is part of Waterstone Financial’s quarterly financial management practices. This move aligns with Waterstone Financial’s commitment to delivering shareholder value. These are recent developments, reflecting the company’s ongoing profitability. Shareholders who have invested in the company will be eligible to receive the dividend if they are on the books as of the record date in early July. The company, with its banking subsidiary WaterStone Bank, continues to cater to a wide range of financial needs across Wisconsin and beyond.
InvestingPro Insights
Amidst the recent executive trading activity at Waterstone Financial, Inc. (NASDAQ:WSBF), the company’s stock performance and financial metrics offer additional context for investors. With a market capitalization of approximately $279.7 million, Waterstone Financial operates in a competitive financial landscape. The company’s P/E ratio stands at 24.58, suggesting a higher valuation relative to near-term earnings growth. However, an InvestingPro Tip highlights that net income is expected to grow this year, potentially justifying the current valuation.
InvestingPro Data shows that Waterstone Financial’s stock has been trading near its 52-week high, with the price at 97.64% of the peak. This aligns with an InvestingPro Tip that points out a large price uptick over the last six months, with a 36.18% price total return during that period. Moreover, the company has demonstrated a strong return over the last three months, with a 27.79% total return, indicating a positive trend in investor sentiment.
For income-focused investors, it’s worth noting that Waterstone Financial has maintained dividend payments for 11 consecutive years, with a current dividend yield of 3.97%. Despite a recent dividend cut of 25%, the company’s commitment to returning value to shareholders remains evident. For those looking for additional insights and guidance, there are over 20 InvestingPro Tips available, including further analysis on Waterstone Financial’s share buybacks, profitability forecasts, and gross profit margins.
Investors considering Waterstone Financial as part of their portfolio may find these insights valuable, especially when combined with the insider trading patterns recently observed. For more detailed analysis and tips, interested parties can visit InvestingPro at https://www.investing.com/pro/WSBF.
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