New insider activity at Waterstone Financial ( (WSBF) ) has taken place on February 4, 2025.
In recent transactions, Waterstone Financial directors have been actively selling their stock. Stephen Schmidt sold 27,219 shares, amounting to $377,070, while Kristine Rappe sold 33,810 shares, totaling $466,897.
Recent Updates on WSBF stock
Waterstone Financial experienced a notable turnaround in its financial performance, reporting a net income of $5.2 million for Q4 2024, compared to a small net loss in the same period of the previous year. This improvement was attributed to increased net interest income and a rise in average loans held for investment in its Community Banking segment, which saw a 26% increase in pre-tax income. While the Mortgage Banking segment faced challenges, including a reduced pre-tax loss, it still achieved modest growth in loan originations and non-interest income. The company declared dividends and repurchased shares, highlighting a commitment to shareholder value. Management remains optimistic about building on 2024’s successes, despite the challenges posed by the current interest rate environment, and is focused on maintaining asset quality and enhancing shareholder returns through strategic initiatives.
More about Waterstone Financial
YTD Price Performance: 3.46%
Average Trading Volume: 46,286
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $266.2M