Nationwide Fund Advisors decreased its position in WSFS Financial Co. (NASDAQ:WSFS) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,457 shares of the bank’s stock after selling 3,518 shares during the period. Nationwide Fund Advisors owned approximately 0.17% of WSFS Financial worth $2,502,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of WSFS. BlackRock Inc. raised its stake in WSFS Financial by 2.6% in the third quarter. BlackRock Inc. now owns 7,268 shares of the bank’s stock worth $266,000 after buying an additional 183 shares in the last quarter. Rhumbline Advisers raised its stake in WSFS Financial by 0.5% in the third quarter. Rhumbline Advisers now owns 40,174 shares of the bank’s stock worth $1,466,000 after buying an additional 200 shares in the last quarter. Putnam Investments LLC raised its stake in WSFS Financial by 1.3% in the fourth quarter. Putnam Investments LLC now owns 95,503 shares of the bank’s stock worth $4,427,000 after buying an additional 1,200 shares in the last quarter. Teachers Advisors LLC raised its stake in WSFS Financial by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 50,030 shares of the bank’s stock worth $2,319,000 after buying an additional 1,355 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in WSFS Financial by 12.3% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 15,537 shares of the bank’s stock worth $720,000 after buying an additional 1,697 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.
WSFS Financial Co. (NASDAQ WSFS) traded down 1.14% during trading on Wednesday, reaching $43.30. The company had a trading volume of 10,472 shares. The stock has a 50 day moving average price of $46.01 and a 200-day moving average price of $45.28. WSFS Financial Co. has a 52-week low of $30.56 and a 52-week high of $50.55. The company has a market capitalization of $1.36 billion, a PE ratio of 20.31 and a beta of 1.22.
WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Thursday, April 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The firm had revenue of $81.20 million during the quarter, compared to analyst estimates of $80.53 million. WSFS Financial had a net margin of 20.09% and a return on equity of 10.42%. During the same period in the previous year, the business posted $0.53 EPS. On average, equities research analysts anticipate that WSFS Financial Co. will post $2.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. WSFS Financial’s payout ratio is currently 13.53%.
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A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered WSFS Financial from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday, May 2nd. Zacks Investment Research lowered WSFS Financial from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Finally, DA Davidson assumed coverage on WSFS Financial in a research report on Monday, March 6th. They set a “buy” rating and a $55.00 price objective on the stock.
In other WSFS Financial news, EVP S James Mazarakis sold 2,202 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $44.50, for a total value of $97,989.00. Following the transaction, the executive vice president now owns 43,828 shares in the company, valued at approximately $1,950,346. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Francis B. Brake acquired 2,700 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was bought at an average price of $46.95 per share, for a total transaction of $126,765.00. Following the purchase, the director now owns 5,932 shares in the company, valued at approximately $278,507.40. The disclosure for this purchase can be found here. Insiders sold a total of 35,468 shares of company stock worth $1,618,780 over the last quarter. Insiders own 4.17% of the company’s stock.
About WSFS Financial
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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