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WVFC WVS Financial

Since 1908, West View Savings Bank has been serving our customers and the community by providing quality banking services. We are proud of our continued growth and strength that has been a tradition for many years. West View Savings Bank is a Pennsylvania-chartered, FDIC-insured stock savings bank conducting business from six offices in the suburban North Hills of Pittsburgh. Originally organized in 1908 as West View Building & Loan Association, we changed our name to West View Savings and Loan Association in 1954. In June 1992, we converted to a Pennsylvania-chartered mutual savings bank. The Savings Bank then converted to the stock form of ownership in November 1993. WVS Financial Corp. is the parent holding company of West View Savings Bank, and holds 100% of the common stock of West View Savings Bank.

WVFC stock data

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Calendar

14 May 21
2 Aug 21
30 Jun 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Operating income
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Net income
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Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
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Financial data from company earnings reports.

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

42.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 16 12 +33.3%
Opened positions 4 2 +100.0%
Closed positions 0 2 EXIT
Increased positions 1 1
Reduced positions 4 3 +33.3%
13F shares
Current Prev Q Change
Total value 12.35M 11.51M +7.3%
Total shares 810.41K 800.65K +1.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
WVS Financial Corp. Employee Stock Ownership Plan 309.45K $4.43M 0.0%
Rodgers Brothers 147.18K $2.33M -1.5%
Alliancebernstein 141.82K $2.24M 0.0%
Gendell Jeffrey L 129.94K $2.05M 0.0%
Dimensional Fund Advisors 36.12K $571K 0.0%
S&T Bank 16.5K $260K 0.0%
Context BH Capital Management 12.88K $203K 0.0%
M3F 11.52K $182K NEW
Spire Wealth Management 2.3K $36K NEW
Fiduciary Planning 900 $14K -10.0%
Largest transactions
Shares Bought/sold Change
M3F 11.52K +11.52K NEW
Rodgers Brothers 147.18K -2.3K -1.5%
Spire Wealth Management 2.3K +2.3K NEW
Tower Research Capital 748 -1.35K -64.4%
UBS UBS Group AG - Registered Shares 506 -629 -55.4%
Wealthcare Capital Management 308 +308 NEW
Fiduciary Planning 900 -100 -10.0%
BAC Bank Of America 12 +12 NEW
WFC Wells Fargo & Co. 12 +2 +20.0%
Dimensional Fund Advisors 36.12K 0 0.0%

Financial report summary

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Management Discussion
  • General. WVS Financial Corp. reported net income of $265 thousand or $0.15 per diluted share, for the three months ended March 31, 2021 as compared to $625 thousand or $0.35 per diluted share for the same period in 2020. The $360 thousand decrease in net income during the three months ended March 31, 2021 was primarily attributable to a $518 thousand decrease in net interest income and a $52 thousand increase in non-interest expense, which were partially offset by an $82 thousand increase in non-interest income and a $127 thousand decrease in income tax expense.
  • Net income for the nine months ended March 31, 2021 totaled $1.0 million or $0.59 per diluted share, as compared to $2.1 million or $1.21 per diluted share for the same period in 2020. The $1.1 million decrease in net income during the nine months ended March 31, 2021 was primarily attributable to a $1.4 million decrease in net interest income and a $91 thousand increase in non-interest expense, which were partially offset by an increase of $65 thousand in non-interest income and a decrease in income tax expense of $332 thousand, when compared to the same period of 2020.
  • Net Interest Income. The Company’s net interest income decreased by $518 thousand or 31.4% for the three months ended March 31, 2021, when compared to the same period in 2020. The decrease in net interest income was primarily attributable to a $1.3 million decrease in interest income, which was partially offset by an $809 thousand decrease in interest expense. The $1.3 million decrease in interest income during the three months ended March 31, 2021 was primarily attributable to lower average yields on the Company’s floating rate investment and mortgage-backed securities portfolios, Federal Home Loan Bank (“FHLB”) stock and loan portfolio along with lower average balances of mortgage-backed agency securities, FHLB stock and loans outstanding, when compared to the same period in 2020. The decline in interest expense was primarily attributable to lower average balances of FHLB advances outstanding and lower market rates paid on FHLB borrowings and time deposits, which were partially offset by higher average balances of wholesale time deposits during the three months ended March 31, 2021 compared to the same period of the prior year.
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New words: preference, recruitment, redeployed, reinvestment
Removed: acquiring, award, elimination, expanded, February, grant, grantee, January, mandatory, reduction, remained, Simplifying, step, superseded, supplier, test, understanding