WSBFNasdaqSavings Institution, Federally CharteredFiscal year ends December 31
Waterstone Financial, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$19.80−0.11 (-0.55%)
Close on Oct 19, 2026
- Market cap
- $340.24M
- P/E (TTM)
- 11.5
- Dividend yield
- 3.03%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
54.4%
10M of 18M shares
Institutional holders
126
16 new, 11 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
0 buys · 14 sales
Net sold $3.68M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Delaware Charter Guarantee & Trust Company dba Principal Trust Company as Directed Trustee for the 2010 AMENDED AND RESTATED WATERSTONE BANK SSB EMPLOYEE STOCK OWNERSHIP PLAN and the WATERSTONE BANK S | 2,275,957 | 11.20% | 13G (passive) amendment | Dec 31, 2023 |
| Dimensional Fund Advisors LP | 1,652,359 | 8.00% | 13G (passive) amendment | Dec 29, 2023 |
| BlackRock, Inc. | 1,306,996 | 7.10% | 13G (passive) amendment | Dec 31, 2025 |
| Renaissance Technologies LLC | 1,273,136 | 6.27% | 13G (passive) amendment | Dec 29, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of WSBF | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,641,766 | 9.13% | $34.03M | +135,777 | 0.00% |
| Dimensional Fund Advisors LP | 1,417,945 | 7.89% | $29.39M | +4,443 | 0.01% |
| Renaissance Technologies LLC | 1,051,571 | 5.85% | $21.80M | −42,900 | 0.03% |
| Vanguard Capital Management LLC | 641,005 | 3.57% | $13.29M | −59,232 | 0.00% |
| State Street Corp | 398,372 | 2.22% | $8.26M | +3,857 | 0.00% |
| Geode Capital Management, LLC | 388,478 | 2.16% | $8.05M | +21,798 | 0.00% |
| American Century Companies Inc | 341,972 | 1.90% | $7.09M | +91,887 | 0.00% |
| Aqr Capital Management LLC | 259,089 | 1.44% | $5.37M | +34,295 | 0.00% |
| CSM Advisors, LLC | 221,070 | 1.23% | $4.58K | +30,945 | 0.10% |
| Bridgeway Capital Management, LLC | 211,375 | 1.18% | $4.38M | +6,259 | 0.08% |
| Morgan Stanley | 197,809 | 1.10% | $4.10M | +44,178 | 0.00% |
| Goldman Sachs Group Inc | 196,657 | 1.09% | $4.08M | −57,807 | 0.00% |
| Quantinno Capital Management LP | 169,424 | 0.94% | $3.51M | +28,013 | 0.00% |
| Arrowstreet Capital, Limited Partnership | 167,095 | 0.93% | $3.46M | – | 0.00% |
| Donald Smith & Co., Inc. | 164,590 | 0.92% | $3.41M | −11,500 | 0.06% |
| Northern Trust Corp | 143,761 | 0.80% | $2.98M | +3,682 | 0.00% |
| Charles Schwab Investment Management Inc | 129,105 | 0.72% | $2.68M | +2,313 | 0.00% |
| Qube Research & Technologies Ltd | 119,139 | 0.66% | $2.47M | +91,303 | 0.00% |
| Empowered Funds, LLC | 115,282 | 0.64% | $2.39M | −7,098 | 0.01% |
| O'Shaughnessy Asset Management, LLC | 113,777 | 0.63% | $2.36M | +76,937 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 126 | 10M | 54.4% | 16 / 52 | 30 / 11 | 1M | 1M |
| Q1 2026 | 123 | 9M | 52.4% | 23 / 40 | 36 / 9 | 1M | 0M |
| Q4 2025 | 112 | 9M | 51.4% | 18 / 35 | 46 / 5 | 1M | 0M |
| Q3 2025 | 102 | 9M | 51.2% | 14 / 39 | 30 / 7 | 1M | 1M |
| Q2 2025 | 96 | 9M | 51.9% | 14 / 42 | 22 / 11 | 1M | 1M |
| Q1 2025 | 95 | 10M | 54.1% | 12 / 30 | 34 / 8 | 1M | 1M |
| Q4 2024 | 92 | 10M | 54.3% | 11 / 27 | 35 / 7 | 0M | 0M |
| Q3 2024 | 88 | 10M | 55.7% | 11 / 31 | 24 / 4 | 2M | 0M |
| Q2 2024 | 82 | 10M | 55.3% | 10 / 24 | 32 / 13 | 0M | 1M |
| Q1 2024 | 85 | 11M | 58.9% | 9 / 22 | 38 / 12 | 1M | 1M |
| Q4 2023 | 88 | 11M | 58.7% | 14 / 35 | 28 / 18 | 1M | 1M |
| Q3 2023 | 92 | 10M | 58.0% | 10 / 29 | 33 / 10 | 0M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of WSBF | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 458,455 | 2.55% | $9.50M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 420,427 | 2.34% | $8.72M | 0.01% | Jun 30, 2026 |
| U.S. Small Cap Value Portfolio | 270,141 | 1.50% | $5.54M | 0.03% | Jul 31, 2026 |
| Avantis U.S. Small Cap Value ETF | 264,845 | 1.47% | $4.90M | 0.02% | May 31, 2026 |
| U.S. Targeted Value Portfolio | 193,859 | 1.08% | $3.98M | 0.02% | Jul 31, 2026 |
| U.S. Small Cap Portfolio | 177,610 | 0.99% | $3.64M | 0.02% | Jul 31, 2026 |
| Fidelity Small Cap Index Fund | 167,786 | 0.93% | $3.44M | 0.01% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 165,769 | 0.92% | $3.44M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 160,755 | 0.89% | $3.33M | 0.02% | Jun 30, 2026 |
| U.S. Micro Cap Portfolio | 130,732 | 0.73% | $2.68M | 0.03% | Jul 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 121,102 | 0.67% | $2.49M | 0.02% | Jul 31, 2026 |
| EA Bridgeway Omni Small-Cap Value ETF | 115,282 | 0.64% | $2.39M | 0.10% | Jun 30, 2026 |
| Dimensional US Small Cap Value ETF | 103,409 | 0.58% | $2.12M | 0.03% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 78,027 | 0.43% | $1.44M | 0.01% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 72,975 | 0.41% | $1.35M | 0.00% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Ryan J. Gordon | EVP/Chief Credit Officer | 62,357 | 0.35% | Aug 17, 2026 |
| Mark Raymond Gerke | EVP/Chief Financial Officer | 74,460 | 0.41% | May 22, 2026 |
| Julie Ann Glynn | EVP/Chief Retail Officer | 19,644 | 0.11% | Feb 4, 2026 |
| Douglas S. Gordon | Director | 632,771 | 3.52% | Feb 20, 2026 |
| Patrick S. Lawton | Director | 10,000 | 0.06% | Feb 5, 2026 |
| Michael L. Hansen | Director | 0 | – | Oct 28, 2025 |
| Molly A. Mulroy | Director | 8,798 | 0.05% | Oct 2, 2025 |
| Laura Ellen Piotrowski | Director | 8,798 | 0.05% | Oct 2, 2025 |
| Kristine A. Rappe | Director | 27,318 | 0.15% | Feb 14, 2025 |
| Stephen J. Schmidt | Director | 70,078 | 0.39% | Feb 12, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Ryan J. Gordon EVP/Chief Credit Officer | Aug 13, 2026 | Option exercise | +10,000 | $17.20 | $172.00K | 19,768 |
| Ryan J. Gordon EVP/Chief Credit Officer | Aug 13, 2026 | Sale | −620 | $21.10 | $13.08K | 19,148 |
| Ryan J. Gordon EVP/Chief Credit Officer | Aug 13, 2026 | Sale | −6,237 | $21.15 | $131.91K | 11,611 |
| Ryan J. Gordon EVP/Chief Credit Officer | Aug 13, 2026 | Sale | −1,300 | $21.11 | $27.44K | 17,848 |
| Mark Raymond Gerke EVP/Chief Financial Officer | May 21, 2026 | Sale | −10,000 | $18.34 | $183.40K | 30,034 |
| Mark Raymond Gerke EVP/Chief Financial Officer | May 21, 2026 | Option exercise | +10,000 | $14.98 | $149.80K | 40,034 |
| Douglas S. Gordon Director | Feb 18, 2026 | Sale | −2,880 | $18.11 | $52.16K | 556,773 |
| Douglas S. Gordon Director | Feb 6, 2026 | Sale | −6,765 | $18.27 | $123.60K | 559,653 |
| Douglas S. Gordon Director | Feb 5, 2026 | Sale | −18,716 | $18.25 | $341.57K | 566,418 |
| Douglas S. Gordon Director | Feb 4, 2026 | Sale | −15,000 | $18.55 | $278.25K | 585,134 |
| Patrick S. Lawton Director | Feb 4, 2026 | Sale | −19,255 | $18.64 | $358.91K | 0 |
| Patrick S. Lawton Director | Feb 3, 2026 | Sale | −30,000 | $18.53 | $555.90K | 19,255 |
| Julie Ann Glynn EVP/Chief Retail Officer | Feb 2, 2026 | Sale | −929 | $18.69 | $17.36K | 9,071 |
| Julie Ann Glynn EVP/Chief Retail Officer | Feb 2, 2026 | Sale | −20,000 | $18.17 | $363.40K | 10,000 |
| Julie Ann Glynn EVP/Chief Retail Officer | Feb 2, 2026 | Option exercise | +20,000 | $17.35 | $347.00K | 30,000 |
| Michael L. Hansen Director | Oct 27, 2025 | Sale | −79,872 | $15.16 | $1.21M | 0 |
| Michael L. Hansen Director | Oct 27, 2025 | Sale | −1,541 | $15.16 | $23.36K | 0 |
| Michael L. Hansen Director | Aug 13, 2025 | Sale | −109,527 | $14.05 | $1.54M | 1,541 |
| Michael L. Hansen Director | Aug 12, 2025 | Sale | −35,290 | $13.92 | $491.24K | 111,068 |
| Michael L. Hansen Director | Aug 11, 2025 | Sale | −2,757 | $13.80 | $38.05K | 146,358 |
| Michael L. Hansen Director | Jul 25, 2025 | Sale | −100 | $13.82 | $1.38K | 149,115 |
| Michael L. Hansen Director | Jul 25, 2025 | Sale | −761 | $13.81 | $10.51K | 149,215 |
| Michael L. Hansen Director | Jul 25, 2025 | Sale | −100 | $13.81 | $1.38K | 149,976 |
| Michael L. Hansen Director | Jul 24, 2025 | Sale | −36,465 | $13.83 | $504.31K | 150,076 |
| Patrick S. Lawton Director | Feb 28, 2025 | Option exercise | +37,500 | $12.75 | $478.13K | 86,631 |
| Patrick S. Lawton Director | Feb 28, 2025 | Sale | −37,500 | $14.03 | $526.13K | 49,131 |
| Mark Raymond Gerke EVP/Chief Financial Officer | Feb 28, 2025 | Sale | −2,738 | $14.15 | $38.74K | 30,334 |
| Mark Raymond Gerke EVP/Chief Financial Officer | Feb 28, 2025 | Option exercise | +5,000 | $12.75 | $63.75K | 33,072 |
| Kristine A. Rappe Director | Feb 13, 2025 | Sale | −22,185 | $14.25 | $316.14K | 27,318 |
| Kristine A. Rappe Director | Feb 13, 2025 | Option exercise | +22,185 | $12.75 | $282.86K | 49,503 |
| Stephen J. Schmidt Director | Feb 11, 2025 | Sale | −6,211 | $13.79 | $85.65K | 70,078 |
| Stephen J. Schmidt Director | Feb 11, 2025 | Option exercise | +6,211 | $12.75 | $79.19K | 76,289 |
| Stephen J. Schmidt Director | Feb 6, 2025 | Option exercise | +3,097 | $12.75 | $39.49K | 73,175 |
| Stephen J. Schmidt Director | Feb 6, 2025 | Sale | −3,097 | $13.75 | $42.58K | 70,078 |
| Stephen J. Schmidt Director | Feb 5, 2025 | Option exercise | +10,885 | $12.75 | $138.78K | 80,963 |
| Stephen J. Schmidt Director | Feb 5, 2025 | Sale | −10,885 | $13.76 | $149.78K | 70,078 |
| Kristine A. Rappe Director | Feb 5, 2025 | Option exercise | +10,270 | $12.75 | $130.94K | 37,588 |
| Kristine A. Rappe Director | Feb 5, 2025 | Sale | −10,270 | $13.75 | $141.21K | 27,318 |
| Stephen J. Schmidt Director | Feb 4, 2025 | Sale | −2,195 | $13.76 | $30.20K | 70,078 |
| Stephen J. Schmidt Director | Feb 4, 2025 | Option exercise | +2,195 | $12.75 | $27.99K | 72,273 |
| Kristine A. Rappe Director | Feb 4, 2025 | Sale | −4,760 | $13.77 | $65.55K | 27,318 |
| Kristine A. Rappe Director | Feb 4, 2025 | Option exercise | +4,760 | $12.75 | $60.69K | 32,078 |
| Kristine A. Rappe Director | Jan 31, 2025 | Option exercise | +19,879 | $12.75 | $253.46K | 47,197 |
| Kristine A. Rappe Director | Jan 31, 2025 | Sale | −19,879 | $13.76 | $273.54K | 27,318 |
| Stephen J. Schmidt Director | Jan 31, 2025 | Sale | −14,928 | $13.80 | $206.01K | 70,078 |
| Stephen J. Schmidt Director | Jan 31, 2025 | Option exercise | +14,928 | $12.75 | $190.33K | 85,006 |
| Kristine A. Rappe Director | Jan 30, 2025 | Sale | −13,931 | $13.89 | $193.50K | 27,318 |
| Kristine A. Rappe Director | Jan 30, 2025 | Option exercise | +13,931 | $12.75 | $177.62K | 41,249 |
| Stephen J. Schmidt Director | Jan 30, 2025 | Option exercise | +12,291 | $12.75 | $156.71K | 82,369 |
| Stephen J. Schmidt Director | Jan 30, 2025 | Sale | −12,291 | $13.94 | $171.34K | 70,078 |
| Stephen J. Schmidt Director | Dec 11, 2024 | Sale | −23 | $15.16 | $349 | 70,078 |
| Stephen J. Schmidt Director | Dec 11, 2024 | Sale | −181 | $15.10 | $2.73K | 70,375 |
| Stephen J. Schmidt Director | Dec 11, 2024 | Option exercise | +478 | $12.75 | $6.09K | 70,556 |
| Stephen J. Schmidt Director | Dec 11, 2024 | Sale | −8 | $15.11 | $121 | 70,367 |
| Stephen J. Schmidt Director | Dec 11, 2024 | Sale | −65 | $15.15 | $985 | 70,101 |
| Stephen J. Schmidt Director | Dec 11, 2024 | Sale | −101 | $15.12 | $1.53K | 70,266 |
| Stephen J. Schmidt Director | Dec 11, 2024 | Sale | −100 | $15.13 | $1.51K | 70,166 |
| Stephen J. Schmidt Director | Nov 27, 2024 | Sale | −121 | $15.29 | $1.85K | 70,078 |
| Stephen J. Schmidt Director | Nov 27, 2024 | Sale | −134 | $15.28 | $2.05K | 70,199 |
| Stephen J. Schmidt Director | Nov 27, 2024 | Sale | −4 | $15.25 | $61 | 70,333 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Gordon Ryan Officer | Aug 14, 2026 | 8,157 | $172.36K | Aug 13, 2026 | Stock Option Exercise |
| Gerke Mark Officer | May 21, 2026 | 10,000 | $185.00K | May 21, 2026 | Stock Option Exercise |
| Douglas S. Gordon Director | Feb 4, 2026 | 71,555 | $1.32M | Feb 4, 2026 | Stock Award |
| Glynn Julie Officer | Feb 3, 2026 | 20,929 | $380.77K | Feb 2, 2026 | Stock Option Exercise |
| Lawton, Patrick S. (WSBF) Director | Feb 2, 2026 | 49,255 | $886.95K | Feb 3, 2026 | Option Exercise |
| Hansen, Michael L. Director | Oct 23, 2025 | 81,413 | $1.21M | Oct 27, 2025 | Open Market Purchase |
| Hansen, Michael L. (WSBF) Director | Jul 22, 2025 | 266,413 | $3.61M | Jul 24, 2025 | Open Market Purchase |
| Rappe Kristine Director | Jun 11, 2025 | 14,000 | $189.00K | Jun 11, 2025 | RSA Vesting |
| Rappe, Kristine A. (WSBF) Director | May 29, 2025 | 14,305 | $182.10K | May 29, 2025 | Open Market |
| Lawton Patrick Director | Feb 28, 2025 | 37,500 | $525.00K | Feb 28, 2025 | Stock Option Exercise |
| Gerke Mark Officer | Feb 28, 2025 | 3,000 | $52.00K | Feb 28, 2025 | Stock Option Exercise |
| Schmidt Stephen Director | Feb 6, 2025 | 9,308 | $127.99K | Feb 6, 2025 | Stock Option Exercise |
| Rappe Kris Director | Feb 5, 2025 | 32,455 | $446.26K | Feb 5, 2025 | Stock Option Exercise |
| Schmidt Stephen Director | Nov 7, 2024 | 100,000 | $1.60M | Nov 7, 2024 | Stock Option Exercise |
| Rappe Kristine Director | Nov 6, 2024 | 100,000 | $1.65M | Nov 6, 2024 | Stock Option Exercise |