WSFS Financial Corporation (WSFS) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System grew its position in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 9.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,384 shares of the bank’s stock after buying an additional 1,800 shares during the period. California Public Employees Retirement System owned about 0.06% of WSFS Financial Corporation worth $924,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in 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 buying an additional 596 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in WSFS Financial Corporation by 601.4% during the 2nd 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 during the last quarter. Laurion Capital Management LP bought a new position in WSFS Financial Corporation during the 2nd quarter worth approximately $274,000. Aperio Group LLC lifted its holdings in WSFS Financial Corporation by 11.9% during the 2nd quarter. Aperio Group LLC now owns 6,626 shares of the bank’s stock worth $300,000 after buying an additional 707 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in WSFS Financial Corporation by 41.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 7,112 shares of the bank’s stock worth $327,000 after buying an additional 2,100 shares during the last quarter. 77.44% of the stock is currently owned by institutional investors.
Shares of WSFS Financial Corporation (NASDAQ:WSFS) opened at $47.90 on Tuesday. The stock has a market capitalization of $1,470.62, a P/E ratio of 19.36, a P/E/G ratio of 1.86 and a beta of 1.25. WSFS Financial Corporation has a 1-year low of $39.35 and a 1-year high of $52.15. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 1.06.
WSFS Financial Corporation (NASDAQ:WSFS) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $87.80 million during the quarter, compared to the consensus estimate of $56.86 million. WSFS Financial Corporation had a return on equity of 10.93% and a net margin of 21.27%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. analysts forecast that WSFS Financial Corporation will post 2.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be issued a $0.09 dividend. This is an increase from WSFS Financial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.36 annualized dividend and a dividend yield of 0.75%. WSFS Financial Corporation’s dividend payout ratio (DPR) is 14.81%.
In other WSFS Financial Corporation news, EVP S James Mazarakis sold 7,161 shares of WSFS Financial Corporation stock in a transaction 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 owns 48,288 shares of the company’s stock, valued at approximately $2,166,199.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peggy H. Eddens sold 8,580 shares of WSFS Financial Corporation 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 sale, the executive vice president now directly owns 27,659 shares in the company, valued at approximately $1,225,017.11. The disclosure for this sale can be found here. In the last three months, insiders sold 16,240 shares of company stock worth $723,172. Company insiders own 4.89% of the company’s stock.
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Several brokerages recently issued reports on WSFS. Boenning Scattergood reissued a “buy” rating and issued a $49.00 price target on shares of WSFS Financial Corporation in a report on Friday, July 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price target on shares of WSFS Financial Corporation in a report on Tuesday, October 24th. Finally, BidaskClub downgraded WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $51.33.
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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