Bank of Montreal Can grew its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 10,342.8% during the 1st quarter, Holdings Channel reports. The firm owned 76,337 shares of the bank’s stock after buying an additional 75,606 shares during the period. Bank of Montreal Can’s holdings in WSFS Financial were worth $2,947,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Jennison Associates LLC grew its position in shares of WSFS Financial by 2.0% in the fourth quarter. Jennison Associates LLC now owns 16,320 shares of the bank’s stock valued at $619,000 after purchasing an additional 323 shares during the last quarter. Prudential Financial Inc. grew its position in shares of WSFS Financial by 4.1% in the fourth quarter. Prudential Financial Inc. now owns 10,790 shares of the bank’s stock valued at $409,000 after purchasing an additional 427 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of WSFS Financial by 39.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock valued at $93,000 after purchasing an additional 697 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of WSFS Financial by 7.0% during the fourth quarter. Legal & General Group Plc now owns 13,185 shares of the bank’s stock valued at $500,000 after buying an additional 868 shares during the period. Finally, Pearl River Capital LLC purchased a new position in shares of WSFS Financial during the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 92.02% of the company’s stock.
Shares of WSFS opened at $41.62 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.31 billion, a P/E ratio of 11.72, a PEG ratio of 0.96 and a beta of 1.15. WSFS Financial Co. has a 1 year low of $33.75 and a 1 year high of $57.70.
WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. The business had revenue of $124.44 million for the quarter, compared to the consensus estimate of $125.86 million. WSFS Financial had a net margin of 22.95% and a return on equity of 15.78%. On average, equities analysts predict that WSFS Financial Co. will post 3.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.15%. This is an increase from WSFS Financial’s previous quarterly dividend of $0.11. WSFS Financial’s dividend payout ratio (DPR) is currently 13.52%.
Several equities analysts recently issued reports on WSFS shares. BidaskClub downgraded shares of WSFS Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Stephens set a $51.00 price objective on shares of WSFS Financial and gave the company a “buy” rating in a research note on Thursday, February 28th. Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research note on Wednesday, January 23rd. Finally, Zacks Investment Research raised shares of WSFS Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $55.94.
In other WSFS Financial news, CEO Rodger Levenson sold 13,981 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $42.95, for a total transaction of $600,483.95. Following the transaction, the chief executive officer now owns 70,152 shares of the company’s stock, valued at $3,013,028.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Turner sold 65,736 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $42.85, for a total transaction of $2,816,787.60. Following the transaction, the director now directly owns 162,243 shares in the company, valued at approximately $6,952,112.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 265,981 shares of company stock worth $11,437,502. 2.42% of the stock is currently owned by insiders.
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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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