WSFS Financial Corporation (NASDAQ:WSFS) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,199,063 shares of the bank’s stock after buying an additional 36,914 shares during the period. Dimensional Fund Advisors LP owned about 3.81% of WSFS Financial Corporation worth $55,097,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in WSFS. Aberdeen Asset Management PLC UK raised its position in WSFS Financial Corporation by 13.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,350,209 shares of the bank’s stock valued at $62,042,000 after buying an additional 156,419 shares during the period. Vanguard Group Inc. raised its position in shares of WSFS Financial Corporation by 8.1% in the first quarter. Vanguard Group Inc. now owns 1,247,277 shares of the bank’s stock worth $57,312,000 after buying an additional 93,705 shares during the last quarter. Wellington Management Group LLP raised its position in shares of WSFS Financial Corporation by 3.0% in the first quarter. Wellington Management Group LLP now owns 748,830 shares of the bank’s stock worth $34,409,000 after buying an additional 21,555 shares during the last quarter. State Street Corp raised its position in shares of WSFS Financial Corporation by 6.0% in the fourth quarter. State Street Corp now owns 531,466 shares of the bank’s stock worth $24,635,000 after buying an additional 30,036 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of WSFS Financial Corporation by 23.5% in the fourth quarter. Macquarie Group Ltd. now owns 456,542 shares of the bank’s stock worth $21,161,000 after buying an additional 87,016 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of WSFS Financial Corporation (NASDAQ:WSFS) traded down 0.22% on Monday, reaching $44.95. The company’s stock had a trading volume of 73,296 shares. The stock has a 50-day moving average of $45.60 and a 200 day moving average of $45.58. WSFS Financial Corporation has a 52 week low of $31.90 and a 52 week high of $50.55. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 20.57 and a beta of 1.19.
WSFS Financial Corporation (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The company had revenue of $54.31 million for the quarter, compared to analysts’ expectations of $54.83 million. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.55%. The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. On average, analysts expect that WSFS Financial Corporation will post $2.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.62%. WSFS Financial Corporation’s dividend payout ratio (DPR) is presently 12.73%.
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A number of equities research analysts have recently weighed in on the company. Boenning Scattergood reiterated a “buy” rating and issued a $49.00 price target on shares of WSFS Financial Corporation in a report on Friday, July 28th. BidaskClub downgraded WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research downgraded WSFS Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, Keefe, Bruyette & Woods downgraded WSFS Financial Corporation from an “outperform” rating to a “mkt perform” rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. WSFS Financial Corporation presently has a consensus rating of “Hold” and a consensus price target of $51.75.
In related news, EVP S James Mazarakis sold 2,202 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $44.50, for a total value of $97,989.00. Following the transaction, the executive vice president now owns 43,828 shares of the company’s stock, valued at approximately $1,950,346. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Peggy H. Eddens sold 4,911 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $45.08, for a total transaction of $221,387.88. Following the completion of the sale, the executive vice president now owns 23,990 shares of the company’s stock, valued at approximately $1,081,469.20. The disclosure for this sale can be found here. Insiders have sold a total of 14,519 shares of company stock worth $662,239 in the last three months. Insiders own 4.89% of the company’s stock.
WSFS Financial Corporation Company 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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