GSA Capital Partners LLP Lowers Stake in WSFS Financial Co. (WSFS)
GSA Capital Partners LLP lowered its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 74.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,413 shares of the bank’s stock after selling 38,932 shares during the quarter. GSA Capital Partners LLP’s holdings in WSFS Financial were worth $508,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pearl River Capital LLC purchased a new position in WSFS Financial during the fourth quarter valued at approximately $48,000. Oppenheimer Asset Management Inc. purchased a new position in WSFS Financial during the fourth quarter valued at approximately $81,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in WSFS Financial by 39.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock valued at $93,000 after acquiring an additional 697 shares in the last quarter. Trexquant Investment LP purchased a new position in WSFS Financial during the third quarter valued at approximately $217,000. Finally, Jefferies Group LLC purchased a new position in WSFS Financial during the third quarter valued at approximately $299,000. 87.10% of the stock is currently owned by institutional investors.
In other news, Director Mark A. Turner sold 14,335 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $45.02, for a total value of $645,361.70. Following the completion of the sale, the director now directly owns 155,205 shares in the company, valued at approximately $6,987,329.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.73% of the company’s stock.
WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.06. The firm had revenue of $102.86 million during the quarter, compared to analyst estimates of $98.34 million. WSFS Financial had a net margin of 29.58% and a return on equity of 14.60%. Equities research analysts expect that WSFS Financial Co. will post 3.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Friday, February 8th were issued a $0.11 dividend. The ex-dividend date was Thursday, February 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.05%. WSFS Financial’s payout ratio is 12.39%.
Several equities analysts recently commented on WSFS shares. BidaskClub cut shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, December 7th. Boenning Scattergood restated a “buy” rating on shares of WSFS Financial in a report on Monday, December 10th. Finally, Zacks Investment Research lowered shares of WSFS Financial from a “hold” rating to a “sell” rating in a report on Wednesday, December 26th. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. WSFS Financial presently has an average rating of “Hold” and a consensus target price of $58.67.
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WSFS Financial Company Profile
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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