Russell Investments Group Ltd. increased its position in WSFS Financial Co. (NASDAQ:WSFS) by 13.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,983 shares of the bank’s stock after buying an additional 7,697 shares during the period. Russell Investments Group Ltd. owned 0.20% of WSFS Financial worth $2,894,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of WSFS. Comerica Bank boosted its position in WSFS Financial by 232.6% in the fourth quarter. Comerica Bank now owns 46,102 shares of the bank’s stock worth $2,088,000 after buying an additional 32,239 shares during the last quarter. State Street Corp boosted its position in WSFS Financial by 6.0% in the fourth quarter. State Street Corp now owns 531,466 shares of the bank’s stock worth $24,635,000 after buying an additional 30,036 shares during the last quarter. Private Advisor Group LLC bought a new position in WSFS Financial during the fourth quarter worth $331,000. Dimensional Fund Advisors LP boosted its position in WSFS Financial by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,162,149 shares of the bank’s stock worth $53,866,000 after buying an additional 62,374 shares during the last quarter. Finally, Martingale Asset Management L P bought a new position in WSFS Financial during the fourth quarter worth $413,000. 74.06% of the stock is owned by hedge funds and other institutional investors.
WSFS Financial Co. (NASDAQ WSFS) opened at 47.05 on Friday. The stock has a market cap of $1.48 billion, a PE ratio of 22.07 and a beta of 1.22. The firm has a 50-day moving average of $45.74 and a 200 day moving average of $45.45. WSFS Financial Co. has a 12 month low of $30.56 and a 12 month high of $50.55.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, April 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. WSFS Financial had a net margin of 23.32% and a return on equity of 10.92%. The company had revenue of $81.20 million during the quarter, compared to the consensus estimate of $80.53 million. During the same period in the previous year, the firm earned $0.53 earnings per share. Analysts anticipate 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. Shareholders of record on Friday, May 12th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.28 annualized dividend and a yield of 0.60%. WSFS Financial’s dividend payout ratio is currently 13.53%.
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A number of equities analysts recently weighed in on WSFS shares. DA Davidson assumed coverage on shares of WSFS Financial in a research report on Monday, March 6th. They set a “buy” rating and a $55.00 price objective for the company. Zacks Investment Research cut shares of WSFS Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $50.00 price target on shares of WSFS Financial in a research report on Wednesday, April 5th.
In other WSFS Financial news, EVP S James Mazarakis sold 4,038 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $44.95, for a total transaction of $181,508.10. Following the completion of the sale, the executive vice president now directly owns 42,639 shares in the company, valued at $1,916,623.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paul S. Greenplate sold 7,056 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $46.28, for a total transaction of $326,551.68. Following the sale, the executive vice president now owns 10,535 shares of the company’s stock, valued at $487,559.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,557 shares of company stock valued at $843,747. 4.17% of the stock is owned by insiders.
WSFS Financial Company Profile
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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