Waterstone Financial (WSBF) Authorizes 1M Share Buyback Program

Waterstone Financial, Inc. (NASDAQ: WSBF) announced that on November 8, 2018, its Board of Directors authorized a fifth stock repurchase program pursuant to which the Company intends to purchase up to 1,000,000 of its issued and outstanding shares, representing approximately 3.5% of its issued and outstanding shares of common stock. The repurchase program will commence on or about November 14, 2018. The program is the fifth repurchase program approved by the Board of Directors. The fifth stock repurchase program follows the Board of Director's termination of its fourth repurchase program during which the Company purchased a total of 1,391,000 shares of its common stock at a weighted average price of $15.65 per share. During 2018, the Company has purchased a total of 807,800 shares of its common stock at a weighted average price of 16.96.

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