WSFS Financial Corporation (WSFS) Holdings Decreased by California State Teachers Retirement System
California State Teachers Retirement System decreased its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,581 shares of the bank’s stock after selling 2,883 shares during the quarter. California State Teachers Retirement System owned about 0.17% of WSFS Financial Corporation worth $2,430,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Alps Advisors Inc. increased its holdings in shares of WSFS Financial Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,582 shares of the bank’s stock worth $480,000 after acquiring an additional 27 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of WSFS Financial Corporation by 1.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,520 shares of the bank’s stock worth $341,000 after acquiring an additional 100 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of WSFS Financial Corporation by 0.9% during the 2nd quarter. Prudential Financial Inc. now owns 17,153 shares of the bank’s stock worth $778,000 after acquiring an additional 160 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of WSFS Financial Corporation by 1.7% during the 2nd quarter. SG Americas Securities LLC now owns 12,783 shares of the bank’s stock worth $580,000 after acquiring an additional 211 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of WSFS Financial Corporation by 0.3% during the 2nd quarter. Stifel Financial Corp now owns 93,919 shares of the bank’s stock worth $4,259,000 after acquiring an additional 242 shares during the last quarter. 77.44% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP S James Mazarakis sold 7,161 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $44.86, for a total transaction of $321,242.46. Following the completion of the sale, the executive vice president now directly owns 48,288 shares in the company, valued at approximately $2,166,199.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peggy H. Eddens sold 8,580 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $44.29, for a total value of $380,008.20. Following the sale, the executive vice president now owns 27,659 shares of the company’s stock, valued at $1,225,017.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,240 shares of company stock valued at $723,172. Corporate insiders own 4.89% of the company’s stock.
Several research firms recently issued reports on WSFS. Boenning Scattergood restated a “buy” rating and issued a $49.00 price target on shares of WSFS Financial Corporation in a research note on Friday, July 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $50.00 price target on shares of WSFS Financial Corporation in a research note on Tuesday, October 24th. Finally, BidaskClub downgraded WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $51.33.
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Shares of WSFS Financial Corporation (NASDAQ:WSFS) opened at $46.85 on Monday. The firm has a market capitalization of $1,470.62, a price-to-earnings ratio of 19.36, a PEG ratio of 1.86 and a beta of 1.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26. WSFS Financial Corporation has a 1 year low of $38.95 and a 1 year high of $52.15.
WSFS Financial Corporation (NASDAQ:WSFS) last released its earnings results on Monday, October 23rd. The bank reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $87.80 million for the quarter, compared to the consensus estimate of $56.86 million. WSFS Financial Corporation had a net margin of 21.27% and a return on equity of 10.93%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. sell-side analysts anticipate that WSFS Financial Corporation will post 2.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from WSFS Financial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date is Monday, November 6th. WSFS Financial Corporation’s dividend payout ratio is presently 14.81%.
About WSFS Financial Corporation
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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