Insider Trading at WSFS Financial Corporation (WSFS): Marvin Schoenhals Sells 9,683 Shares


On Tuesday, Marvin Schoenhals, Director at WSFS Financial Corporation (NASDAQ:WSFS), completed a disposition of 9,683 shares of Common Stock, directly, for a weighted average price of $70.79 per share. This is the first large stock sale executed by the insider this fiscal year and he now holds a total of 23,379 company shares.

Other insiders at WSFS Financial have also been unloading stock this quarter, such as Director Calvert Morgan, who disposed of 2,500 shares of Common Stock in June, receiving $71.05 for each share.

On another note, several hedge funds decreased their stakes in the $641.8 million market cap savings and loan holding firm last quarter. Richard S. Pzena’s Pzena Investment Management reduced the company’s portfolio participation by 6%, leaving the hedge fund with 190,301 shares, worth approximately $13.5 million. During Q1, Alexander Medina Seaver’s Stadium Capital Management also decreased its stake in WSFS by 8% and now holds a total of 142,988 shares for an estimated value of $10.2 million.

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