Public Sector Pension Investment Board Has $11.77 Million Holdings in WSFS Financial Corporation $WSFS

Public Sector Pension Investment Board increased its position in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 12.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 218,282 shares of the bank’s stock after acquiring an additional 24,691 shares during the quarter. Public Sector Pension Investment Board’s holdings in WSFS Financial were worth $11,772,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. First Horizon Corp acquired a new position in shares of WSFS Financial in the 3rd quarter valued at approximately $31,000. CWM LLC boosted its position in shares of WSFS Financial by 31.2% during the 2nd quarter. CWM LLC now owns 920 shares of the bank’s stock worth $51,000 after acquiring an additional 219 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in WSFS Financial by 265.4% in the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock valued at $53,000 after acquiring an additional 706 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in WSFS Financial by 17.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after purchasing an additional 212 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of WSFS Financial by 14.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,939 shares of the bank’s stock valued at $105,000 after purchasing an additional 244 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on WSFS. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, January 21st. Stephens reissued an “overweight” rating and set a $71.00 target price (up previously from $66.00) on shares of WSFS Financial in a research note on Wednesday, January 28th. Zacks Research upgraded shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 29th. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 28th. Finally, Piper Sandler upped their price objective on shares of WSFS Financial from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, WSFS Financial currently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

Insider Activity at WSFS Financial

In other news, EVP James J. Wechsler sold 450 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $69.89, for a total transaction of $31,450.50. Following the completion of the transaction, the executive vice president directly owned 5,777 shares in the company, valued at $403,754.53. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur J. Bacci sold 2,005 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $70.51, for a total value of $141,372.55. Following the completion of the sale, the executive vice president owned 26,366 shares in the company, valued at $1,859,066.66. The trade was a 7.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,455 shares of company stock worth $242,923 over the last three months. Company insiders own 1.21% of the company’s stock.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $66.80 on Monday. The stock’s 50-day moving average is $59.70 and its 200-day moving average is $56.58. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $71.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.65 billion, a P/E ratio of 13.10 and a beta of 0.79.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, topping the consensus estimate of $1.26 by $0.17. WSFS Financial had a net margin of 21.14% and a return on equity of 10.89%. The business had revenue of $90.08 million for the quarter, compared to the consensus estimate of $267.36 million. During the same period last year, the company earned $1.11 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, February 13th. WSFS Financial’s dividend payout ratio is presently 13.33%.

WSFS Financial Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.