Eagle Asset Management Inc. decreased its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,556 shares of the bank’s stock after selling 1,093 shares during the quarter. Eagle Asset Management Inc. owned about 0.54% of WSFS Financial Corporation worth $7,734,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of WSFS Financial Corporation 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 during the last quarter. Prudential Financial Inc. increased its position in shares of WSFS Financial Corporation by 0.9% during the 2nd quarter. Prudential Financial Inc. now owns 17,153 shares of the bank’s stock worth $778,000 after purchasing an additional 160 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of WSFS Financial Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,977 shares of the bank’s stock worth $180,000 after purchasing an additional 596 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of WSFS Financial Corporation 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 during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of WSFS Financial Corporation during the 2nd quarter worth approximately $1,131,000. 78.40% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Peggy H. Eddens sold 8,580 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $44.29, for a total transaction of $380,008.20. Following the completion of the sale, the executive vice president now directly owns 27,659 shares of the company’s stock, valued at $1,225,017.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP S James Mazarakis sold 7,161 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $44.86, for a total value of $321,242.46. Following the completion of the sale, the executive vice president now directly owns 48,288 shares of the company’s stock, valued at $2,166,199.68. The disclosure for this sale can be found here. Insiders have sold 16,240 shares of company stock valued at $723,172 over the last ninety days. 4.89% of the stock is currently owned by company insiders.
WSFS Financial Corporation (WSFS) opened at 45.80 on Friday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 20.96 and a beta of 1.20. The company’s 50 day moving average price is $44.29 and its 200-day moving average price is $45.30. WSFS Financial Corporation has a 12-month low of $31.90 and a 12-month high of $50.55.
WSFS Financial Corporation (NASDAQ:WSFS) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The company had revenue of $54.31 million during the quarter, compared to the consensus estimate of $54.83 million. WSFS Financial Corporation had a return on equity of 10.44% and a net margin of 19.96%. WSFS Financial Corporation’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted $0.58 earnings per share. On average, equities analysts anticipate that WSFS Financial Corporation will post $2.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, August 9th. WSFS Financial Corporation’s payout ratio is 12.73%.
WSFS has been the topic of several recent analyst reports. Boenning Scattergood reaffirmed a “buy” rating and set a $49.00 price target on shares of WSFS Financial Corporation in a research report on Friday, July 28th. BidaskClub raised WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.75.
WSFS Financial Corporation 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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