Corbyn Investment Management Inc. MD Sells 541 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Corbyn Investment Management Inc. MD reduced its position in WSFS Financial Co. (NASDAQ:WSFS) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,084 shares of the bank’s stock after selling 541 shares during the period. Corbyn Investment Management Inc. MD’s holdings in WSFS Financial were worth $1,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in WSFS Financial by 7,791.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 166,426 shares of the bank’s stock valued at $7,644,000 after purchasing an additional 164,317 shares during the period. Assenagon Asset Management S.A. raised its position in shares of WSFS Financial by 169.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 205,025 shares of the bank’s stock valued at $9,417,000 after buying an additional 128,834 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of WSFS Financial by 93.5% in the third quarter. Great Lakes Advisors LLC now owns 38,389 shares of the bank’s stock worth $1,401,000 after buying an additional 18,546 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of WSFS Financial by 130.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 64,370 shares of the bank’s stock worth $2,957,000 after acquiring an additional 36,424 shares during the last quarter. Finally, Invesco Ltd. grew its stake in WSFS Financial by 1.7% during the third quarter. Invesco Ltd. now owns 611,641 shares of the bank’s stock valued at $22,325,000 after acquiring an additional 10,343 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WSFS Financial

In other WSFS Financial news, EVP Arthur J. Bacci sold 15,992 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.79, for a total transaction of $748,265.68. Following the completion of the transaction, the executive vice president now owns 20,990 shares in the company, valued at $982,122.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.29% of the company’s stock.

WSFS Financial Price Performance

NASDAQ WSFS traded down $1.65 on Friday, reaching $42.88. The company had a trading volume of 107,164 shares, compared to its average volume of 276,191. The firm’s 50 day moving average price is $43.10 and its 200 day moving average price is $41.90. WSFS Financial Co. has a 12 month low of $29.59 and a 12 month high of $47.97. The stock has a market capitalization of $2.58 billion, a PE ratio of 9.90 and a beta of 1.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Thursday, April 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The firm had revenue of $251.10 million for the quarter, compared to analysts’ expectations of $247.57 million. During the same period in the previous year, the firm posted $1.02 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts predict that WSFS Financial Co. will post 4.19 earnings per share for the current year.

About WSFS Financial

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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.