Maryland State Retirement & Pension System Cuts Stake in WSFS Financial Co. (NASDAQ:WSFS)

Maryland State Retirement & Pension System decreased its position in WSFS Financial Co. (NASDAQ:WSFS) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 22,073 shares of the bank’s stock after selling 416 shares during the quarter. Maryland State Retirement & Pension System’s holdings in WSFS Financial were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WSFS. International Assets Investment Management LLC lifted its position in WSFS Financial by 1,032.9% in the fourth quarter. International Assets Investment Management LLC now owns 827 shares of the bank’s stock valued at $38,000 after purchasing an additional 754 shares during the period. Covestor Ltd raised its stake in shares of WSFS Financial by 77.7% during the 3rd quarter. Covestor Ltd now owns 1,180 shares of the bank’s stock worth $43,000 after buying an additional 516 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of WSFS Financial in the 4th quarter valued at approximately $54,000. Quantbot Technologies LP purchased a new stake in shares of WSFS Financial in the third quarter valued at approximately $66,000. Finally, Affinity Wealth Management LLC acquired a new position in WSFS Financial during the fourth quarter worth $211,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Trading Up 0.5 %

NASDAQ:WSFS opened at $46.50 on Friday. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 10.38 and a beta of 1.02. WSFS Financial Co. has a 1 year low of $29.59 and a 1 year high of $47.97. The stock has a fifty day moving average price of $43.61 and a two-hundred day moving average price of $42.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.85.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $1.07 by $0.04. WSFS Financial had a net margin of 20.73% and a return on equity of 11.94%. The firm had revenue of $251.10 million during the quarter, compared to analysts’ expectations of $247.57 million. During the same quarter last year, the business earned $1.02 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that WSFS Financial Co. will post 4.25 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.29%. WSFS Financial’s dividend payout ratio is presently 13.39%.

Insiders Place Their Bets

In other news, EVP Stephen P. Clark sold 3,000 shares of WSFS Financial stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $46.61, for a total transaction of $139,830.00. Following the completion of the transaction, the executive vice president now owns 25,671 shares of the company’s stock, valued at approximately $1,196,525.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is owned by company insiders.

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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.