Goldman Sachs Group Inc. cut its position in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 806,448 shares of the bank’s stock after selling 5,958 shares during the quarter. Goldman Sachs Group Inc. owned 2.57% of WSFS Financial Corporation worth $36,572,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of WSFS. Ameritas Investment Partners Inc. purchased a new position in WSFS Financial Corporation during the first quarter worth $110,000. Oppenheimer Asset Management Inc. purchased a new position in WSFS Financial Corporation during the first quarter worth $145,000. US Bancorp DE increased its position in WSFS Financial Corporation by 12.7% during the first quarter. US Bancorp DE now owns 3,290 shares of the bank’s stock worth $151,000 after buying an additional 371 shares in the last quarter. Victory Capital Management Inc. increased its position in WSFS Financial Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,977 shares of the bank’s stock worth $180,000 after buying an additional 596 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in WSFS Financial Corporation by 601.4% during the second quarter. BNP Paribas Arbitrage SA now owns 4,005 shares of the bank’s stock worth $182,000 after buying an additional 3,434 shares in the last quarter. 78.40% of the stock is owned by hedge funds and other institutional investors.
WSFS Financial Corporation (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The firm had revenue of $54.31 million during the quarter, compared to the consensus estimate of $54.83 million. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.44%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 EPS.
A number of brokerages have recently commented on WSFS. Boenning Scattergood reaffirmed a “buy” rating and issued a $49.00 price objective on shares of WSFS Financial Corporation in a research report on Friday, July 28th. BidaskClub downgraded WSFS Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $51.33.
In other news, EVP Peggy H. Eddens sold 8,580 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were 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 owns 27,659 shares of the company’s stock, valued at approximately $1,225,017.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP S James Mazarakis sold 7,161 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $44.86, for a total transaction of $321,242.46. Following the sale, the executive vice president now directly owns 48,288 shares of the company’s stock, valued at approximately $2,166,199.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,240 shares of company stock valued at $723,172. 4.89% of the stock is currently owned by insiders.
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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