Stifel Financial Corp boosted its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,677 shares of the bank’s stock after buying an additional 174 shares during the period. Stifel Financial Corp owned about 0.30% of WSFS Financial worth $4,304,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of WSFS. Ameritas Investment Partners Inc. bought a new position in WSFS Financial during the first quarter worth approximately $110,000. Acrospire Investment Management LLC bought a new position in WSFS Financial during the first quarter worth approximately $111,000. First Mercantile Trust Co. boosted its position in WSFS Financial by 11.3% in the first quarter. First Mercantile Trust Co. now owns 2,650 shares of the bank’s stock worth $122,000 after buying an additional 270 shares in the last quarter. US Bancorp DE boosted its position in WSFS Financial by 12.7% in the first quarter. US Bancorp DE now owns 3,290 shares of the bank’s stock worth $151,000 after buying an additional 371 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of WSFS Financial during the first quarter worth $208,000. 74.06% of the stock is owned by institutional investors.
WSFS Financial Co. (WSFS) traded up 3.52% during trading on Friday, reaching $47.05. 110,861 shares of the company’s stock traded hands. WSFS Financial Co. has a one year low of $30.56 and a one year high of $50.55. The company has a 50 day moving average of $45.74 and a 200 day moving average of $45.45. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 22.07 and a beta of 1.22.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, April 27th. The bank reported $0.59 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.59. WSFS Financial had a return on equity of 10.92% and a net margin of 23.32%. The company had revenue of $81.20 million during the quarter, compared to analysts’ expectations of $80.53 million. During the same period in the previous year, the firm posted $0.53 earnings per share. Equities research analysts predict that WSFS Financial Co. will post $2.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Wednesday, May 10th. WSFS Financial’s dividend payout ratio is currently 13.53%.
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WSFS has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Keefe, Bruyette & Woods downgraded shares of WSFS Financial from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday, May 2nd. Finally, DA Davidson initiated coverage on shares of WSFS Financial in a research report on Monday, March 6th. They issued a “buy” rating and a $55.00 target price on the stock.
In other WSFS Financial news, EVP S James Mazarakis sold 2,202 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $44.50, for a total transaction of $97,989.00. Following the completion of the sale, the executive vice president now owns 43,828 shares of the company’s stock, valued at $1,950,346. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul S. Greenplate sold 7,056 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $46.28, for a total value of $326,551.68. Following the completion of the sale, the executive vice president now directly owns 10,535 shares of the company’s stock, valued at approximately $487,559.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,557 shares of company stock valued at $843,747. Company 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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