Insider Activity to Watch: WVS Financial Corp. $WVFC

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WVS Financial Corp. (WVFC) insider have most recently took part in a trading activity. On Nov 21, 2017 Twomey Edward F Iii, Director bought 450 shares having total worth of $7,146 at the price of $15.88 per share, following the transaction a total of 13,815 shares owned by Twomey Edward F Iii. Before this latest buy, Twomey Edward F Iii purchased WVFC at 3 other times during the past twelve months, for a total investment of $55,151 at an average of $15.59 per share.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 2 sell activities and 2 buy trades. Furthermore, over the past 12 months , the stock was traded 5 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in 3 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 2 0.22%
12 Month 3 2 40.86%

WVS Financial Corp. is the parent holding company of West View Savings Bank. The Company was organized in July 1993 as a Pennsylvania-chartered unitary bank holding company and acquired 100% of the common stock of the Savings Bank in November 1993. West View Savings Bank is a Pennsylvania-chartered; FDIC-insured stock savings bank conducting business from six offices in the North Hills suburbs of Pittsburgh. The Savings Bank converted from the mutual to the stock form of ownership in November 1993. The main categories of loans in the Company’s portfolio are single-family and multi-family residential real estate loans, commercial real estate loans, construction loans, consumer loans, land acquisition and development loans and commercial loans. Construction loans are made for the purpose of constructing a single-family residence. The Company’s entire mortgage loan portfolio consists of conventional mortgage loans. Its entire mortgage loans are secured by properties located in Pennsylvania. The Company originates mortgage loans for the acquisition and refinancing of existing multi-family residential and commercial real estate properties. The majority of the Company’s multi-family residential loans are secured mainly by 5 to 20 unit apartment buildings, while commercial real estate loans are secured by office buildings, a fitness facility, small retail establishments and a church. The consumer loans offered by the Company include home equity loans, home equity lines of credit, automobile loans, loans secured by deposit accounts and personal loans. At June 30, 2011, $3.2 million or 6.3% of the Company’s total loan portfolio consisted of commercial loans, which include loans secured by accounts receivable, marketable investment securities, business inventory and equipment, and similar collateral. The Company faces significant competition in attracting deposits. Its most direct competition for deposits has historically come from commercial banks and other savings institutions located in its market area. Its competition for real estate loans comes mainly from mortgage banking companies, other savings institutions, commercial banks and credit unions.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.