MetLife Investment Advisors LLC bought a new position in shares of WSFS Financial Co. (NASDAQ:WSFS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,223 shares of the bank’s stock, valued at approximately $681,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. grew its holdings in WSFS Financial by 4.8% during the fourth quarter. Macquarie Group Ltd. now owns 919,347 shares of the bank’s stock worth $43,991,000 after acquiring an additional 42,519 shares during the period. Millennium Management LLC acquired a new position in WSFS Financial during the fourth quarter worth about $2,883,000. Teachers Advisors LLC grew its holdings in WSFS Financial by 4.4% during the fourth quarter. Teachers Advisors LLC now owns 59,685 shares of the bank’s stock worth $2,856,000 after acquiring an additional 2,542 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in WSFS Financial by 4.1% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 33,708 shares of the bank’s stock worth $1,613,000 after acquiring an additional 1,342 shares during the period. Finally, Guggenheim Capital LLC grew its holdings in WSFS Financial by 62.7% during the fourth quarter. Guggenheim Capital LLC now owns 13,964 shares of the bank’s stock worth $670,000 after acquiring an additional 5,380 shares during the period. 80.07% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Paul D. Geraghty sold 10,353 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $50.19, for a total value of $519,617.07. Following the completion of the transaction, the executive vice president now owns 19,743 shares in the company, valued at approximately $990,901.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul D. Geraghty sold 14,694 shares of the stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $49.62, for a total value of $729,116.28. Following the completion of the transaction, the executive vice president now owns 22,743 shares of the company’s stock, valued at approximately $1,128,507.66. The disclosure for this sale can be found here. Insiders sold a total of 38,860 shares of company stock valued at $1,933,611 in the last quarter. 5.73% of the stock is currently owned by corporate insiders.
A number of research analysts recently issued reports on WSFS shares. Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, February 28th. DA Davidson lifted their target price on WSFS Financial to $64.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Sandler O’Neill reaffirmed a “buy” rating and set a $57.00 target price on shares of WSFS Financial in a report on Tuesday, January 23rd. Zacks Investment Research lowered WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $56.00 target price on shares of WSFS Financial in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $56.17.
NASDAQ:WSFS opened at $49.50 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.05 and a quick ratio of 1.05. WSFS Financial Co. has a 1-year low of $42.45 and a 1-year high of $53.00. The firm has a market capitalization of $1,534.13, a P/E ratio of 19.34, a P/E/G ratio of 1.22 and a beta of 1.24.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. WSFS Financial had a return on equity of 11.46% and a net margin of 15.70%. The business had revenue of $89.90 million during the quarter, compared to analyst estimates of $57.89 million. During the same quarter last year, the company posted $0.56 EPS. WSFS Financial’s revenue for the quarter was up 11.4% on a year-over-year basis. research analysts expect that WSFS Financial Co. will post 3.33 EPS for the current fiscal year.
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WSFS Financial Profile
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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