Stifel Financial Corp raised its stake in 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.
Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 valued at $24,635,000 after buying an additional 30,036 shares in the last quarter. 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 valued at $2,088,000 after buying an additional 32,239 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its position in WSFS Financial by 24.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,193,790 shares of the bank’s stock valued at $55,332,000 after buying an additional 231,905 shares in the last quarter. 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 valued at $53,866,000 after buying an additional 62,374 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in WSFS Financial during the fourth quarter valued at $2,585,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.
WSFS Financial Co. (WSFS) traded down 1.14% on Wednesday, hitting $43.30. The stock had a trading volume of 10,472 shares. The firm has a market cap of $1.36 billion, a PE ratio of 20.31 and a beta of 1.22. The company 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.
WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, April 27th. The bank reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. WSFS Financial had a return on equity of 10.42% and a net margin of 20.09%. The business had revenue of $81.20 million for the quarter, compared to analyst estimates of $80.53 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities analysts forecast 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 dividend of $0.07 per share. The ex-dividend date was Wednesday, May 10th. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. WSFS Financial’s payout ratio is 13.53%.
COPYRIGHT VIOLATION NOTICE: “WSFS Financial Co. (WSFS) Stake Boosted by Stifel Financial Corp” was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/05/31/wsfs-financial-co-wsfs-stake-boosted-by-stifel-financial-corp.html.
Several research analysts have recently weighed in on WSFS shares. Zacks Investment Research cut WSFS Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. DA Davidson started coverage on WSFS Financial in a research note on Monday, March 6th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $50.00 price target on shares of WSFS Financial in a research note on Wednesday, April 5th.
In other WSFS Financial news, Director Francis B. Brake bought 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were acquired at an average cost of $46.95 per share, for a total transaction of $126,765.00. Following the acquisition, the director now directly owns 5,932 shares of the company’s stock, valued at $278,507.40. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Richard Wright sold 2,061 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $45.20, for a total transaction of $93,157.20. Following the completion of the sale, the executive vice president now owns 46,001 shares in the company, valued at $2,079,245.20. The disclosure for this sale can be found here. Insiders have sold a total of 35,468 shares of company stock worth $1,618,780 in the last 90 days. 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.
Receive News & Ratings for WSFS Financial Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for WSFS Financial Co. and related companies with MarketBeat.com’s FREE daily email newsletter.