WSFS Financial Co. (WSFS) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC raised its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 22.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,692 shares of the bank’s stock after buying an additional 2,909 shares during the quarter. SG Americas Securities LLC’s holdings in WSFS Financial were worth $765,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WSFS. Wells Fargo & Company MN grew its holdings in shares of WSFS Financial by 14.7% during the 2nd quarter. Wells Fargo & Company MN now owns 53,825 shares of the bank’s stock worth $2,441,000 after purchasing an additional 6,905 shares in the last quarter. Chatham Capital Group Inc. grew its holdings in shares of 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 in the last quarter. Principal Financial Group Inc. grew its holdings in shares of 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 in the last quarter. Macquarie Group Ltd. grew 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 purchasing an additional 156,617 shares in the last quarter. Finally, Federated Investors Inc. PA grew 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 purchasing an additional 19,243 shares in the last quarter. 85.04% of the stock is currently owned by hedge funds and other institutional investors.
WSFS Financial Co. (NASDAQ WSFS) opened at $50.45 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $1,596.18, a P/E ratio of 21.01, a P/E/G ratio of 2.02 and a beta of 1.24. WSFS Financial Co. has a 52-week low of $42.45 and a 52-week high of $52.50.
WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, October 23rd. The bank reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The company had revenue of $87.80 million for the quarter, compared to the consensus estimate of $56.86 million. WSFS Financial had a return on equity of 10.93% and a net margin of 21.27%. WSFS Financial’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. analysts forecast that WSFS Financial Co. will post 2.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, November 6th. This is an increase from WSFS Financial’s previous quarterly dividend of $0.07. WSFS Financial’s dividend payout ratio (DPR) is 14.81%.
Several analysts have recently weighed in on the company. ValuEngine lowered WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 price objective on shares of WSFS Financial in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $51.33.
In related news, EVP Patrick Joseph Ward sold 2,070 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.52, for a total transaction of $100,436.40. Following the completion of the transaction, the executive vice president now owns 90,589 shares in the company, valued at approximately $4,395,378.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP S James Mazarakis sold 1,868 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 42,995 shares of the company’s stock, valued at approximately $2,213,812.55. The disclosure for this sale can be found here. 4.89% of the stock is owned by company insiders.
WSFS Financial Company 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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