Maryland State Retirement & Pension System Lowers Stake in WSFS Financial Co. (NASDAQ:WSFS)

Maryland State Retirement & Pension System cut its stake in WSFS Financial Co. (NASDAQ:WSFS) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,073 shares of the bank’s stock after selling 416 shares during the quarter. Maryland State Retirement & Pension System’s holdings in WSFS Financial were worth $1,014,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in shares of WSFS Financial by 1,032.9% during the fourth quarter. International Assets Investment Management LLC now owns 827 shares of the bank’s stock valued at $38,000 after buying an additional 754 shares during the last quarter. Covestor Ltd grew its holdings in WSFS Financial by 77.7% in the third quarter. Covestor Ltd now owns 1,180 shares of the bank’s stock worth $43,000 after purchasing an additional 516 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of WSFS Financial during the 4th quarter valued at $54,000. Quantbot Technologies LP acquired a new stake in shares of WSFS Financial in the 3rd quarter worth $66,000. Finally, Affinity Wealth Management LLC purchased a new position in WSFS Financial during the 4th quarter worth $211,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

WSFS Financial Trading Up 0.5 %

WSFS Financial stock opened at $46.50 on Friday. WSFS Financial Co. has a one year low of $29.59 and a one year high of $47.97. The stock has a market cap of $2.79 billion, a PE ratio of 10.38 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.85. The stock has a 50-day moving average of $43.61 and a two-hundred day moving average of $42.49.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Thursday, April 25th. The bank reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. The company had revenue of $251.10 million for the quarter, compared to the consensus estimate of $247.57 million. WSFS Financial had a net margin of 20.73% and a return on equity of 11.94%. WSFS Financial’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 EPS. On average, research analysts anticipate that WSFS Financial Co. will post 4.25 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. WSFS Financial’s dividend payout ratio is currently 13.39%.

Insider Activity at WSFS Financial

In related news, EVP Stephen P. Clark sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $46.61, for a total transaction of $139,830.00. Following the completion of the transaction, the executive vice president now owns 25,671 shares of the company’s stock, valued at $1,196,525.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.21% of the stock is owned by insiders.

WSFS Financial 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. 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.