Prudential Financial Inc. Has $778,000 Holdings in WSFS Financial Corporation (WSFS)
Prudential Financial Inc. grew its position in WSFS Financial Corporation (NASDAQ:WSFS) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,153 shares of the bank’s stock after purchasing an additional 160 shares during the quarter. Prudential Financial Inc. owned about 0.05% of WSFS Financial Corporation worth $778,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of WSFS Financial Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,977 shares of the bank’s stock valued at $180,000 after buying an additional 596 shares during the last quarter. Federated Investors Inc. PA grew its holdings in shares of WSFS Financial Corporation by 3.8% during the second quarter. Federated Investors Inc. PA now owns 522,628 shares of the bank’s stock valued at $23,700,000 after buying an additional 19,243 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of WSFS Financial Corporation during the second quarter valued at $1,131,000. Jennison Associates LLC grew its holdings in shares of WSFS Financial Corporation by 0.9% during the second quarter. Jennison Associates LLC now owns 192,578 shares of the bank’s stock valued at $8,733,000 after buying an additional 1,785 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of WSFS Financial Corporation by 601.4% during the second quarter. BNP Paribas Arbitrage SA now owns 4,005 shares of the bank’s stock valued at $182,000 after buying an additional 3,434 shares during the last quarter. 78.40% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Peggy H. Eddens sold 8,580 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $44.29, for a total value of $380,008.20. Following the transaction, the executive vice president now directly owns 27,659 shares of the company’s stock, valued at approximately $1,225,017.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP S James Mazarakis sold 7,161 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $44.86, for a total transaction of $321,242.46. Following the completion of the transaction, the executive vice president now directly owns 48,288 shares in the company, valued at $2,166,199.68. The disclosure for this sale can be found here. Insiders sold a total of 16,240 shares of company stock worth $723,172 over the last ninety days. Insiders own 4.89% of the company’s stock.
Shares of WSFS Financial Corporation (WSFS) opened at 49.65 on Friday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 22.72 and a beta of 1.22. The stock’s 50 day moving average is $45.59 and its 200-day moving average is $45.52. WSFS Financial Corporation has a one year low of $31.90 and a one year high of $50.55.
WSFS Financial Corporation (NASDAQ:WSFS) last posted its 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 firm had revenue of $54.31 million for 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 company’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS. On average, equities research analysts predict that WSFS Financial Corporation will post $2.56 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. BidaskClub raised shares of WSFS Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Boenning Scattergood reissued a “buy” rating and set a $49.00 price objective on shares of WSFS Financial Corporation in a report on Friday, July 28th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $51.33.
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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