Public Employees Retirement System of Ohio Maintains Position in WSFS Financial Corporation (WSFS)
Public Employees Retirement System of Ohio held its position in shares of WSFS Financial Corporation (NASDAQ:WSFS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,649 shares of the bank’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned about 0.15% of WSFS Financial Corporation worth $2,144,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Eagle Asset Management Inc. bought a new stake in shares of WSFS Financial Corporation during the first quarter worth about $7,887,000. Macquarie Group Ltd. increased its stake in shares of WSFS Financial Corporation by 36.8% in the first quarter. Macquarie Group Ltd. now owns 624,671 shares of the bank’s stock worth $28,704,000 after buying an additional 168,129 shares during the period. Aberdeen Asset Management PLC UK increased its stake in shares of 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 worth $62,042,000 after buying an additional 156,419 shares during the period. Rothschild Asset Management Inc. increased its stake in shares of WSFS Financial Corporation by 68.8% in the first quarter. Rothschild Asset Management Inc. now owns 297,653 shares of the bank’s stock worth $13,677,000 after buying an additional 121,365 shares during the period. Finally, Vanguard Group Inc. increased its stake 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 period. Institutional investors own 78.32% of the company’s stock.
Shares of WSFS Financial Corporation (NASDAQ:WSFS) opened at 44.70 on Wednesday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 20.46 and a beta of 1.19. WSFS Financial Corporation has a 12 month low of $31.90 and a 12 month high of $50.55. The company’s 50 day moving average price is $45.46 and its 200-day moving average price is $45.56.
WSFS Financial Corporation (NASDAQ:WSFS) last released its earnings results on Thursday, July 27th. The bank reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. WSFS Financial Corporation had a return on equity of 10.55% and a net margin of 19.96%. The firm had revenue of $54.31 million for the quarter, compared to the consensus estimate of $54.83 million. During the same period in the prior year, the business posted $0.58 earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, equities analysts predict that WSFS Financial Corporation will post $2.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors 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 annualized dividend and a yield of 0.63%. WSFS Financial Corporation’s dividend payout ratio (DPR) is presently 12.73%.
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WSFS has been the subject of a number of recent research reports. Boenning Scattergood reaffirmed a “buy” rating and issued a $49.00 target price on shares of WSFS Financial Corporation in a research note on Friday, July 28th. Zacks Investment Research raised WSFS Financial Corporation from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, May 3rd. BidaskClub raised WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $50.00 price objective on shares of WSFS Financial Corporation in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.75.
In other WSFS Financial Corporation news, EVP Paul S. Greenplate sold 7,056 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $46.28, for a total transaction of $326,551.68. Following the completion of the sale, the executive vice president now directly owns 10,535 shares in the company, valued at $487,559.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP S James Mazarakis sold 2,202 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $44.50, for a total value of $97,989.00. Following the sale, the executive vice president now owns 43,828 shares of the company’s stock, valued at $1,950,346. The disclosure for this sale can be found here. Insiders have sold 14,169 shares of company stock valued at $645,929 over the last 90 days. 4.89% of the stock is currently owned by insiders.
About WSFS Financial Corporation
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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