WSFS Financial Co. (WSFS) Position Cut by Eagle Asset Management Inc.
Eagle Asset Management Inc. decreased its position in WSFS Financial Co. (NASDAQ:WSFS) by 18.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,164 shares of the bank’s stock after selling 39,401 shares during the period. Eagle Asset Management Inc.’s holdings in WSFS Financial were worth $8,094,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in WSFS Financial by 6.1% in the fourth quarter. Wells Fargo & Company MN now owns 82,690 shares of the bank’s stock valued at $3,957,000 after buying an additional 4,744 shares during the period. California Public Employees Retirement System lifted its holdings in WSFS Financial by 10.3% in the fourth quarter. California Public Employees Retirement System now owns 17,533 shares of the bank’s stock valued at $839,000 after buying an additional 1,637 shares during the period. Teacher Retirement System of Texas acquired a new position in WSFS Financial in the fourth quarter valued at $513,000. Aperio Group LLC lifted its holdings in WSFS Financial by 47.2% in the fourth quarter. Aperio Group LLC now owns 9,971 shares of the bank’s stock valued at $477,000 after buying an additional 3,198 shares during the period. Finally, Comerica Bank lifted its holdings in WSFS Financial by 35.9% in the fourth quarter. Comerica Bank now owns 65,368 shares of the bank’s stock valued at $3,442,000 after buying an additional 17,271 shares during the period. Institutional investors and hedge funds own 81.02% of the company’s stock.
In other WSFS Financial news, EVP S James Mazarakis sold 1,868 shares of WSFS Financial stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $51.49, for a total value of $96,183.32. Following the completion of the sale, the executive vice president now directly owns 42,995 shares of the company’s stock, valued at $2,213,812.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.89% of the company’s stock.
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, beating the consensus estimate of $0.66 by $0.05. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The firm had revenue of $89.90 million during the quarter, compared to the consensus estimate of $57.89 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. equities research analysts predict that WSFS Financial Co. will post 3.33 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 7th. WSFS Financial’s dividend payout ratio (DPR) is currently 19.46%.
Several equities analysts recently issued reports on WSFS shares. Boenning Scattergood restated a “buy” rating on shares of WSFS Financial in a report on Wednesday, October 25th. DA Davidson boosted their target price on shares of WSFS Financial to $64.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Sandler O’Neill restated a “buy” rating and issued a $57.00 target price on shares of WSFS Financial in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 30th. Finally, BidaskClub downgraded shares of WSFS Financial from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.00.
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WSFS Financial 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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