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Waterstone Financial, Inc. Stock: price and insider trades · United States
Waterstone Financial, Inc.: what insiders have been doing
Waterstone Financial, Inc. belongs to the Finance & Banking sector. Filings by its managers are published through SEC (Form 4). The last twelve months, up to 22 October 2026, brought 16 filings signed by 6 insiders.
No insider bought on the market over the period, while 5 insiders filed 13 sales totalling €3.0M. At €1.0M, the sale published on 28 October 2025 by Hansen Michael L is the largest of the period.
Compared with its exchange (3,171 companies, median 24 filings), a count of 16 filings is below the norm. Over the whole record (from 2016), the tally stands at 5 purchases and 715 sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists net income at 26.4 m USD; the dividend was 0.60 USD per share.
Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. US insiders must file a Form 4 within two business days of a trade. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
Insider Decl.
848
Thresholds
n/a
Buy Volume
€46,709
5 ops. · all time
Sell Volume
€17M
715 ops. · all time
Who traded when
BuySaleSchmidt Stephen J173 sales
Michael L. Hansen9 sales
Rappe Kristine A5 sales
Douglas S. Gordon4 sales
Patrick S. Lawton3 sales
Ryan J. Gordon3 sales
+2 other insiders
Since the insiders bought
- +38.5%Entry US$10.80 · Close at T+365 US$14.96
- +3.5%Entry US$16.91 · Close at T+365 US$17.50
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 3,033 of 26,246 companies
72.8
score / 100
Value74
Quality72
FCF yld6.5%
Earn yld7.4%
EV/EBITDA·
ROE8.7%
Gross mgn·
Net mgn19%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$19.84
Analyst consensus
Income statement
RevenueUS$138.9M
Net incomeUS$26.4M20.0% margin
Valuation
PER (trailing)11.5x
P/Book1.0x
Beta0.74
Balance sheet & cash
Market capUS$356.7M
Total debtUS$406.1M
Free Cash FlowUS$23M
Profitability & ownership
ROE8.7%
ROA1.3%
% insiders18.7%
% institutions55.6%
Last declaration on 17 August 2026
Declarations848 total
10,000 shares@ US$17.200.046% mcap49.9% of flowCommon StockSEC:0001437749-26-028174:0
1,300 shares@ US$21.110.0074% mcap8.0% of flowCommon StockSEC:0001437749-26-028174:2
6,237 shares@ US$21.1450.036% mcap38.3% of flowCommon StockSEC:0001437749-26-028174:3
620 shares@ US$21.100.0035% mcap3.8% of flowCommon StockSEC:0001437749-26-028174:1
8,157 shares@ US$21.12990.046% mcap100.0% of flowcommonSEC144:0001969223-26-000900
2,880 shares@ US$18.1111.4% of flowCommon StockSEC:0001437749-26-004828:0
6,765 shares@ US$18.2650.032% mcap27.2% of flowCommon StockSEC:0001437749-26-003643:0
18,716 shares@ US$18.252.6% of flowCommon StockSEC:0001437749-26-003282:1
15,000 shares@ US$18.5510.073% mcap60.9% of flowCommon StockSEC:0001437749-26-003282:0
19,255 shares@ US$18.647.0% of flowCommon StockSEC:0001437749-26-003098:1
30,000 shares@ US$18.530.15% mcap50.6% of flowCommon StockSEC:0001437749-26-003098:0
20,000 shares@ US$18.1749.5% of flowCommon StockSEC:0001437749-26-002885:1
929 shares@ US$18.692.4% of flowCommon StockSEC:0001437749-26-002885:2
20,000 shares@ US$17.35100.0% of flowCommon StockSEC:0001437749-26-002885:0
79,872 shares@ US$15.1613.8% of flowCommon StockSEC:0001437749-25-031971:1
1,541 shares@ US$15.160.0062% mcap1.7% of flowCommon StockSEC:0001437749-25-031971:0
109,527 shares@ US$14.0517.4% of flowCommon StockSEC:0001437749-25-026987:1
35,290 shares@ US$13.91930.13% mcap35.3% of flowCommon StockSEC:0001437749-25-026987:0
2,757 shares@ US$13.802.7% of flowCommon StockSEC:0001437749-25-026076:0
100 shares@ US$13.810.0% of flowCommon StockSEC:0001437749-25-023605:1
761 shares@ US$13.810.1% of flowCommon StockSEC:0001437749-25-023605:2
100 shares@ US$13.820.0% of flowCommon StockSEC:0001437749-25-023605:3
36,465 shares@ US$13.833936.0% of flowCommon StockSEC:0001437749-25-023605:0
2,738 shares@ US$14.155.1% of flowCommon StockSEC:0001437749-25-005834:1
37,500 shares@ US$14.0311.7% of flowCommon StockSEC:0001437749-25-005829:1
25 of 848 declarations
About Waterstone Financial, Inc.
Waterstone Financial, Inc. (NASDAQ: WSBF) is a U.S.-listed financial company traded on the NASDAQ market in the United States, with headquarters in Wauwatosa, Wisconsin. The group is the holding company for WaterStone Bank SSB, a Wisconsin savings bank, and its profile is best understood as that of a community-oriented U.S. regional financial institution rather than a nationwide commercial bank. For investors, WSBF combines a local deposit franchise in southeastern Wisconsin with a mortgage banking platform that gives the company a broader operating footprint. ([wsbf.q4ir.com](https://wsbf.q4ir.com/corporate-profile/default.aspx))
WaterStone’s operating history in banking dates back to 1921, while the current Waterstone Financial, Inc. holding-company structure was organized in 2013 and became the parent of WaterStone Bank SSB after the mutual-to-stock conversion completed in 2014. That background is important because it helps explain the company’s business mix: a traditional community bank heritage layered with the capital-market discipline of a public company. The corporate headquarters and executive offices remain in Wauwatosa, which underscores the company’s strong geographic identity in the Milwaukee metro area. ([sec.boardroomalpha.com](https://sec.boardroomalpha.com/2024/QTR2/0001437749-24-011727/waterstonears.pdf))
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The business model rests on two main pillars. First is community banking, where WaterStone Bank gathers retail deposits and originates loans primarily secured by residential real estate, multifamily properties, and commercial real estate. The bank also offers home equity loans and lines of credit, construction and land loans, commercial business loans, and consumer loans. Second is mortgage banking through Waterstone Mortgage Corporation, a wholly owned subsidiary that originates single-family residential mortgage loans for sale into the secondary market. This creates a business mix that is simultaneously balance-sheet oriented and fee-oriented, with earnings sensitivity to interest rates, loan demand, and mortgage origination volume. ([sec.boardroomalpha.com](https://sec.boardroomalpha.com/2024/QTR2/0001437749-24-011727/waterstonears.pdf))
From a competitive standpoint, WaterStone Bank is positioned as a community bank focused on southeastern Wisconsin, with branch offices concentrated in Milwaukee, Waukesha, and Washington counties, and a broader lending area extending toward Madison. In contrast, the mortgage subsidiary provides a much wider national reach: Waterstone Mortgage Corporation operated in 26 states as of December 31, 2023. That combination of a local deposit base and a multi-state mortgage platform is one of the company’s key differentiators versus banks that are only locally focused. ([sec.boardroomalpha.com](https://sec.boardroomalpha.com/2024/QTR2/0001437749-24-011727/waterstonears.pdf))
Recent company updates suggest improving operating momentum. In the first quarter of 2026, Waterstone Financial reported higher net income, citing continued net interest margin expansion and stronger loan origination volumes in the mortgage banking segment; management also highlighted record first-quarter net interest income in the community banking segment. In late 2025, the company declared a quarterly cash dividend of $0.15 per share and continued share repurchases, indicating an active capital-return posture. Overall, WSBF remains a small-cap U.S. bank stock with a conservative community-banking profile, but one that offers investors exposure to both spread income and mortgage banking cycles. ([wsbonline.com](https://www.wsbonline.com/waterstone-financial-operations-report-q1-2026/?utm_source=openai))
