Engineers Gate Manager LP raised its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 368.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,098 shares of the bank’s stock after purchasing an additional 17,377 shares during the quarter. Engineers Gate Manager LP owned about 0.07% of WSFS Financial worth $1,042,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in WSFS Financial by 8.4% during the 2nd quarter. BlackRock Inc. now owns 2,141,028 shares of the bank’s stock valued at $114,117,000 after purchasing an additional 165,476 shares in the last quarter. Standard Life Aberdeen plc lifted its position in shares of WSFS Financial by 5.9% during the 2nd quarter. Standard Life Aberdeen plc now owns 1,409,337 shares of the bank’s stock valued at $75,153,000 after acquiring an additional 79,039 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of WSFS Financial by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,284,706 shares of the bank’s stock valued at $68,476,000 after acquiring an additional 14,121 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of WSFS Financial by 2.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,172,414 shares of the bank’s stock valued at $62,490,000 after acquiring an additional 26,700 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of WSFS Financial by 9.1% during the 2nd quarter. Macquarie Group Ltd. now owns 1,063,000 shares of the bank’s stock valued at $56,658,000 after acquiring an additional 88,373 shares during the last quarter. 78.90% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the company. Sandler O’Neill reiterated a “buy” rating and set a $63.00 price objective on shares of WSFS Financial in a research report on Sunday, August 12th. Zacks Investment Research upgraded WSFS Financial from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Thursday, July 26th. Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a research report on Thursday, August 9th. BidaskClub downgraded WSFS Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th. Finally, ValuEngine downgraded WSFS Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.67.
In other news, EVP Richard Wright sold 3,096 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $50.36, for a total value of $155,914.56. Following the completion of the sale, the executive vice president now owns 45,265 shares in the company, valued at $2,279,545.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark A. Turner sold 12,995 shares of the stock in a transaction on Friday, October 5th. The shares were sold at an average price of $47.59, for a total value of $618,432.05. Following the completion of the sale, the chief executive officer now owns 144,631 shares of the company’s stock, valued at approximately $6,882,989.29. The disclosure for this sale can be found here. Insiders sold 83,791 shares of company stock valued at $4,049,304 in the last 90 days. Corporate insiders own 4.89% of the company’s stock.
Shares of NASDAQ:WSFS opened at $43.20 on Friday. WSFS Financial Co. has a one year low of $40.04 and a one year high of $57.70. The firm has a market cap of $1.37 billion, a PE ratio of 16.88, a P/E/G ratio of 1.02 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 1.03.
WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, October 22nd. The bank reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $105.00 million during the quarter, compared to the consensus estimate of $100.42 million. WSFS Financial had a return on equity of 14.37% and a net margin of 23.83%. On average, equities research analysts expect that WSFS Financial Co. will post 3.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, November 5th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.02%. WSFS Financial’s payout ratio is currently 17.19%.
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WSFS Financial Company 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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