This Insider Has Just Sold Shares In WSFS Financial

We'd be surprised if WSFS Financial Corporation (NASDAQ:WSFS) shareholders haven't noticed that an insider, Jamie Hopkins, recently sold US$467k worth of stock at US$57.75 per share. The eyebrow raising move amounted to a reduction of 44% in their holding.

View our latest analysis for WSFS Financial

WSFS Financial Insider Transactions Over The Last Year

Notably, that recent sale by Jamie Hopkins is the biggest insider sale of WSFS Financial shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$57.45. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year WSFS Financial insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that WSFS Financial insiders own 1.3% of the company, worth about US$41m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About WSFS Financial Insiders?

An insider hasn't bought WSFS Financial stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, WSFS Financial has 2 warning signs (and 1 which can't be ignored) we think you should know about.

Of course WSFS Financial may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.