Rothschild Asset Management Inc. lessened its position in WSFS Financial Co. (NASDAQ:WSFS) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 260,323 shares of the bank’s stock after selling 11,037 shares during the period. Rothschild Asset Management Inc. owned 0.83% of WSFS Financial worth $12,469,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Xact Kapitalforvaltning AB bought a new stake in WSFS Financial in the 4th quarter worth $265,000. Aperio Group LLC grew its holdings in WSFS Financial by 47.2% in the 4th quarter. Aperio Group LLC now owns 9,971 shares of the bank’s stock worth $477,000 after acquiring an additional 3,198 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in WSFS Financial in the 4th quarter worth $513,000. Guggenheim Capital LLC grew its holdings in WSFS Financial by 62.7% in the 4th 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 last quarter. Finally, SG Americas Securities LLC lifted its position in shares of WSFS Financial by 22.1% in the 1st quarter. SG Americas Securities LLC now owns 14,197 shares of the bank’s stock worth $680,000 after purchasing an additional 2,570 shares during the period. 79.93% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Thomas W. Kearney sold 1,569 shares of WSFS Financial stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $48.47, for a total transaction of $76,049.43. Following the completion of the transaction, the executive vice president now directly owns 17,527 shares of the company’s stock, valued at approximately $849,533.69. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark A. Turner sold 40,520 shares of WSFS Financial stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $51.61, for a total transaction of $2,091,237.20. Following the transaction, the chief executive officer now directly owns 143,662 shares of the company’s stock, valued at $7,414,395.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,940 shares of company stock valued at $4,820,992. 4.89% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently commented on WSFS shares. BidaskClub raised shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, March 16th. Zacks Investment Research cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $56.00 target price on shares of WSFS Financial in a research report on Tuesday, February 27th. Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial in a research report on Wednesday, February 28th. Finally, DA Davidson raised their target price on shares of WSFS Financial to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. WSFS Financial has an average rating of “Buy” and an average target price of $56.50.
NASDAQ:WSFS opened at $52.20 on Friday. WSFS Financial Co. has a 12 month low of $42.45 and a 12 month high of $53.00. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $1.64 billion, a PE ratio of 19.05, a P/E/G ratio of 1.30 and a beta of 1.24.
WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, April 23rd. The bank reported $0.76 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. WSFS Financial had a net margin of 19.23% and a return on equity of 12.03%. The firm had revenue of $105.18 million during the quarter, compared to analysts’ expectations of $88.90 million. research analysts forecast that WSFS Financial Co. will post 3.35 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be given a dividend of $0.11 per share. This is a boost from WSFS Financial’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, May 10th. WSFS Financial’s dividend payout ratio (DPR) is 17.19%.
About WSFS Financial
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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