<SEC-DOCUMENT>0001969223-25-000133.txt : 20250228
<SEC-HEADER>0001969223-25-000133.hdr.sgml : 20250228
<ACCEPTANCE-DATETIME>20250228135250
ACCESSION NUMBER:		0001969223-25-000133
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250228
DATE AS OF CHANGE:		20250228

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Waterstone Financial, Inc.
		CENTRAL INDEX KEY:			0001569994
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-36271
		FILM NUMBER:		25687757

	BUSINESS ADDRESS:	
		STREET 1:		11200 WEST PLANK COURT
		CITY:			WAUWATOSA
		STATE:			WI
		ZIP:			53226
		BUSINESS PHONE:		(414) 761-1000

	MAIL ADDRESS:	
		STREET 1:		11200 WEST PLANK COURT
		CITY:			WAUWATOSA
		STATE:			WI
		ZIP:			53226

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Gerke Mark Raymond
		CENTRAL INDEX KEY:			0001601016
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		5749 N. KENT AVENUE
		CITY:			WHITEFISH BAY
		STATE:			WI
		ZIP:			53217
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001601016</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001569994</issuerCik>
      <issuerName>Waterstone Financial, Inc.</issuerName>
      <secFileNumber>001-36271</secFileNumber>
      <issuerAddress>
        <com:street1>11200 W. Plank Court</com:street1>
        <com:city>Wauwatosa</com:city>
        <com:stateOrCountry>WI</com:stateOrCountry>
        <com:zipCode>53226</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>4147611000</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Mark Gerke</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>UBS Financial Services Inc</name>
        <address>
          <com:street1>1000 Harbor Blvd</com:street1>
          <com:street2>3rd Floor</com:street2>
          <com:city>Weehawken</com:city>
          <com:stateOrCountry>NJ</com:stateOrCountry>
          <com:zipCode>07086</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>3000</noOfUnitsSold>
      <aggregateMarketValue>52000</aggregateMarketValue>
      <noOfUnitsOutstanding>19373139</noOfUnitsOutstanding>
      <approxSaleDate>02/28/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>common</securitiesClassTitle>
      <acquiredDate>02/28/2025</acquiredDate>
      <natureOfAcquisitionTransaction>Stock Option Exercise</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>3000</amountOfSecuritiesAcquired>
      <paymentDate>02/28/2025</paymentDate>
      <natureOfPayment>Cash</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>02/28/2025</noticeDate>
      <signature>/s/ UBS Financial Services Inc, as attorney-in-fact for Mark Gerke</signature>
    </noticeSignature>
  </formData>
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</SEC-DOCUMENT>
