WSFS Financial Corporation $WSFS Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its stake in WSFS Financial Corporation (NASDAQ:WSFS) by 46.5% during the third quarter, Holdings Channel reports. The firm owned 89,669 shares of the bank’s stock after purchasing an additional 28,471 shares during the period. Wilmington Savings Fund Society FSB’s holdings in WSFS Financial were worth $4,836,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. AQR Capital Management LLC grew its position in WSFS Financial by 102.6% during the first quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock valued at $537,000 after acquiring an additional 5,240 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of WSFS Financial by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock valued at $1,807,000 after purchasing an additional 1,176 shares in the last quarter. Millennium Management LLC grew its holdings in shares of WSFS Financial by 230.4% during the 1st quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock worth $3,772,000 after purchasing an additional 50,717 shares during the period. United Services Automobile Association acquired a new stake in WSFS Financial during the 1st quarter worth approximately $204,000. Finally, Jane Street Group LLC increased its position in WSFS Financial by 579.0% during the 1st quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock worth $6,093,000 after purchasing an additional 100,171 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Price Performance

Shares of WSFS stock opened at $62.40 on Thursday. The firm has a fifty day simple moving average of $63.30 and a 200-day simple moving average of $57.99. The company has a market capitalization of $3.29 billion, a PE ratio of 12.24 and a beta of 0.76. WSFS Financial Corporation has a twelve month low of $42.44 and a twelve month high of $71.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 26th. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.17. The firm had revenue of $90.08 million for the quarter, compared to the consensus estimate of $267.36 million. WSFS Financial had a net margin of 21.14% and a return on equity of 10.89%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 EPS. Equities research analysts anticipate that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. WSFS Financial’s dividend payout ratio is currently 13.33%.

Insiders Place Their Bets

In other WSFS Financial news, EVP Shari Kruzinski sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $70.10, for a total value of $70,100.00. Following the transaction, the executive vice president directly owned 14,740 shares of the company’s stock, valued at $1,033,274. This represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Arthur J. Bacci sold 2,005 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $70.51, for a total value of $141,372.55. Following the transaction, the executive vice president owned 26,366 shares of the company’s stock, valued at approximately $1,859,066.66. This trade represents a 7.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,455 shares of company stock worth $242,923 in the last three months. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on WSFS. Zacks Research upgraded shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 29th. Piper Sandler raised their target price on shares of WSFS Financial from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Stephens restated an “overweight” rating and set a $71.00 target price (up from $66.00) on shares of WSFS Financial in a report on Wednesday, January 28th. Brean Capital began coverage on WSFS Financial in a report on Tuesday, March 10th. They issued a “buy” rating and a $74.50 price target for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.58.

WSFS Financial Company Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.