WSFS Financial Co. (WSFS) Holdings Trimmed by Stephens Inc. AR
Stephens Inc. AR decreased its position in WSFS Financial Co. (NASDAQ:WSFS) by 64.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,138 shares of the bank’s stock after selling 16,583 shares during the period. Stephens Inc. AR’s holdings in WSFS Financial were worth $437,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WSFS. Wells Fargo & Company MN increased its holdings in WSFS Financial by 14.7% in the second quarter. Wells Fargo & Company MN now owns 53,825 shares of the bank’s stock valued at $2,441,000 after buying an additional 6,905 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of WSFS Financial by 75.4% during the second quarter. UBS Asset Management Americas Inc. now owns 12,474 shares of the bank’s stock worth $566,000 after purchasing an additional 5,362 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of WSFS Financial by 4.8% during the second quarter. Vanguard Group Inc. now owns 1,307,153 shares of the bank’s stock worth $59,280,000 after purchasing an additional 59,876 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of WSFS Financial by 9.7% during the second quarter. California Public Employees Retirement System now owns 20,384 shares of the bank’s stock worth $924,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of WSFS Financial by 0.8% during the second quarter. Parametric Portfolio Associates LLC now owns 58,659 shares of the bank’s stock worth $2,660,000 after purchasing an additional 488 shares in the last quarter. 80.10% of the stock is owned by institutional investors.
A number of analysts have recently commented on the stock. Merion Capital Group boosted their target price on shares of WSFS Financial from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. BidaskClub cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 target price on shares of WSFS Financial in a research note on Tuesday, October 24th. DA Davidson boosted their target price on shares of WSFS Financial to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill reissued a “buy” rating and set a $57.00 target price on shares of WSFS Financial in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.00.
Shares of WSFS Financial Co. (NASDAQ:WSFS) opened at $48.30 on Wednesday. The company has a market cap of $1,512.78, a PE ratio of 18.74, a PEG ratio of 1.21 and a beta of 1.22. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.06 and a current ratio of 1.06. WSFS Financial Co. has a one year low of $42.45 and a one year high of $53.00.
WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $89.90 million for the quarter, compared to analyst estimates of $57.89 million. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. WSFS Financial’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 earnings per share. research analysts forecast that WSFS Financial Co. will post 3.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.36 dividend on an annualized basis and a yield of 0.75%. WSFS Financial’s payout ratio is presently 19.46%.
About WSFS Financial
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.
Want to see what other hedge funds are holding WSFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WSFS Financial Co. (NASDAQ:WSFS).
Receive News & Ratings for WSFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.