Waterstone financial director sells $34,617 worth of shares Via Investing.com
Stephen J. Schmidt, director at Waterstone Financial share price Inc. (NASDAQ: ), recently made several stock payments, 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, for a total of $27,973. After this acquisition, Schmidt went on to sell a total of 2,194 shares in multiple trades. Sales were made at prices ranging from $15.75 to $15.865 per share, for a total of $34,617.
Following this transaction, Schmidt’s direct ownership of Waterstone Financial common stock stands at 70,078 shares. Activities reflect the financial strategy of the company’s stock, providing information about the current state of the director’s investment.
InvestingPro Insights
Recent stock transactions of Stephen J. Schmidt, director of Waterstone Financial, Inc. (NASDAQ:WSBF), along with key financial metrics and trends observed in the company. According to InvestingPro data, Waterstone Financial has a market capitalization of $280.15 million and currently trades at a P/E ratio of 21.4.
One of InvestingPro’s tips highlights that management has been buying shares in a frenzy, which can be seen as a vote of confidence in the company’s future. This is consistent with Schmidt’s recent acquisition of shares, although his subsequent sale at a higher price suggests that he may have benefited from a short-term price move.
Another good InvestingPro tip shows that Waterstone Financial has maintained dividend payments for 11 consecutive years. This dividend yield, coupled with a current dividend yield of 3.96%, may be attractive to income-oriented investors like Schmidt.
The company’s shares have seen significant price increases over the past six months, with InvestingPro data showing a total return of 25.43% over that period. This positive momentum could have influenced Schmidt’s decision to sell some shares at higher prices.
It’s worth noting that InvestingPro provides more information, with 6 more tips available for Waterstone Financial. Investors looking for a comprehensive analysis can find value in checking out these additional tips on the InvestingPro platform.
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