Eagle Asset Management Inc. lifted its stake in WSFS Financial Co. (NASDAQ:WSFS) by 22.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,565 shares of the bank’s stock after purchasing an additional 38,009 shares during the period. Eagle Asset Management Inc. owned about 0.66% of WSFS Financial worth $10,250,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of WSFS Financial by 14.7% in the 2nd quarter. Wells Fargo & Company MN now owns 53,825 shares of the bank’s stock valued at $2,441,000 after purchasing an additional 6,905 shares during the last quarter. Chatham Capital Group Inc. boosted its stake in WSFS Financial by 50.6% during the 2nd quarter. Chatham Capital Group Inc. now owns 23,380 shares of the bank’s stock worth $1,060,000 after purchasing an additional 7,855 shares during the last quarter. Principal Financial Group Inc. boosted its stake in WSFS Financial by 60.6% during the 2nd quarter. Principal Financial Group Inc. now owns 19,505 shares of the bank’s stock worth $884,000 after purchasing an additional 7,362 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of WSFS Financial by 25.1% during the 2nd quarter. Macquarie Group Ltd. now owns 781,288 shares of the bank’s stock worth $35,431,000 after acquiring an additional 156,617 shares during the period. Finally, Federated Investors Inc. PA raised its holdings in shares of WSFS Financial by 3.8% during the 2nd quarter. Federated Investors Inc. PA now owns 522,628 shares of the bank’s stock worth $23,700,000 after acquiring an additional 19,243 shares during the period. Institutional investors own 85.04% of the company’s stock.
Several brokerages recently issued reports on WSFS. BidaskClub lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 price objective on shares of WSFS Financial in a research report on Tuesday, October 24th. ValuEngine cut WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Finally, Boenning Scattergood restated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $51.33.
Shares of WSFS Financial Co. (WSFS) opened at $48.80 on Tuesday. The stock has a market capitalization of $1,541.24, a price-to-earnings ratio of 20.29, a PEG ratio of 1.95 and a beta of 1.24. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26. WSFS Financial Co. has a 52-week low of $42.45 and a 52-week high of $52.50.
WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The business had revenue of $87.80 million for the quarter, compared to analysts’ expectations of $56.86 million. WSFS Financial had a net margin of 21.27% and a return on equity of 10.93%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. research analysts anticipate that WSFS Financial Co. will post 2.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were paid a $0.09 dividend. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Monday, November 6th. WSFS Financial’s dividend payout ratio is currently 14.81%.
In other WSFS Financial news, EVP Patrick Joseph Ward sold 2,070 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.52, for a total value of $100,436.40. Following the transaction, the executive vice president now directly owns 90,589 shares in the company, valued at approximately $4,395,378.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP S James Mazarakis sold 1,868 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $51.49, for a total value of $96,183.32. Following the sale, the executive vice president now directly owns 42,995 shares in the company, valued at approximately $2,213,812.55. The disclosure for this sale can be found here. 4.89% of the stock is owned by corporate insiders.
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WSFS Financial Profile
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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