TD Asset Management Inc. acquired a new position in WSFS Financial Co. (NASDAQ:WSFS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,800 shares of the bank’s stock, valued at approximately $624,000.

A number of other institutional investors have also modified their holdings of WSFS. Aperio Group LLC raised its stake in WSFS Financial by 11.9% in the 2nd quarter. Aperio Group LLC now owns 6,626 shares of the bank’s stock worth $300,000 after purchasing an additional 707 shares in the last quarter. Strs Ohio raised its position in shares of WSFS Financial by 5.7% in the 2nd quarter. Strs Ohio now owns 7,400 shares of the bank’s stock valued at $335,000 after buying an additional 400 shares in the last quarter. Sei Investments Co. raised its position in shares of WSFS Financial by 11.6% in the 2nd quarter. Sei Investments Co. now owns 44,962 shares of the bank’s stock valued at $2,039,000 after buying an additional 4,669 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of WSFS Financial by 4.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 124,311 shares of the bank’s stock valued at $5,638,000 after buying an additional 5,287 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of WSFS Financial by 1.7% in the 2nd quarter. SG Americas Securities LLC now owns 12,783 shares of the bank’s stock valued at $580,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 85.04% of the company’s stock.

In related news, EVP Patrick Joseph Ward sold 2,070 shares of WSFS Financial stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.52, for a total transaction of $100,436.40. Following the sale, the executive vice president now directly owns 90,589 shares of the company’s stock, valued at approximately $4,395,378.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP S James Mazarakis sold 1,868 shares of WSFS Financial stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $51.49, for a total transaction of $96,183.32. Following the sale, the executive vice president now directly owns 42,995 shares in the company, valued at $2,213,812.55. The disclosure for this sale can be found here. Insiders own 4.89% of the company’s stock.

Shares of WSFS Financial Co. (WSFS) opened at $47.20 on Friday. The stock has a market cap of $1,519.27, a P/E ratio of 20.00, a P/E/G ratio of 1.93 and a beta of 1.24. 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 Co. has a 1-year low of $42.45 and a 1-year high of $52.50.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate 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 had a net margin of 21.27% and a return on equity of 10.93%. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. research analysts anticipate that WSFS Financial Co. will post 2.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, November 6th. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 0.76%. WSFS Financial’s payout ratio is 14.81%.

Several equities analysts have recently commented on WSFS shares. Boenning Scattergood restated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, October 25th. BidaskClub lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. ValuEngine lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price target on shares of WSFS Financial in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. WSFS Financial presently has an average rating of “Hold” and a consensus price target of $51.33.

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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.

Institutional Ownership by Quarter for WSFS Financial (NASDAQ:WSFS)

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