State of Alaska Department of Revenue reduced its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS – Free Report) by 46.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,544 shares of the bank’s stock after selling 9,056 shares during the period. State of Alaska Department of Revenue’s holdings in WSFS Financial were worth $796,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Root Financial Partners LLC raised its holdings in shares of WSFS Financial by 92.4% during the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after acquiring an additional 207 shares in the last quarter. Allworth Financial LP purchased a new position in WSFS Financial in the second quarter valued at about $47,000. Public Employees Retirement System of Ohio purchased a new position in WSFS Financial in the second quarter valued at about $64,000. Global Retirement Partners LLC acquired a new position in WSFS Financial in the 2nd quarter worth about $140,000. Finally, Integrated Wealth Concepts LLC acquired a new position in WSFS Financial in the 2nd quarter worth about $155,000. 88.49% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at WSFS Financial
In other news, EVP Shari Kruzinski sold 3,500 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total transaction of $286,090.00. Following the transaction, the executive vice president owned 15,207 shares of the company’s stock, valued at approximately $1,243,020.18. This represents a 18.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael J. Donahue sold 3,247 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $79.46, for a total value of $258,006.62. Following the completion of the transaction, the director directly owned 11,495 shares in the company, valued at $913,392.70. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.
WSFS Financial Stock Up 0.9%
WSFS stock opened at $77.51 on Friday. The firm has a market cap of $3.96 billion, a PE ratio of 12.93 and a beta of 0.84. WSFS Financial Corporation has a 1 year low of $50.79 and a 1 year high of $82.94. The company has a fifty day simple moving average of $78.00 and a 200 day simple moving average of $75.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11.
WSFS Financial (NASDAQ:WSFS – Get Free Report) last posted its earnings results on Thursday, October 22nd. The bank reported $1.75 EPS for the quarter, topping the consensus estimate of $1.62 by $0.13. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The firm had revenue of $287.57 million for the quarter, compared to the consensus estimate of $289.82 million. During the same period in the prior year, the business posted $1.37 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Sell-side analysts anticipate that WSFS Financial Corporation will post 6.59 EPS for the current fiscal year.
Key WSFS Financial News
Here are the key news stories impacting WSFS Financial this week:
- Positive Sentiment: WSFS reported third-quarter 2026 EPS of $1.75, above the roughly $1.61–$1.62 analyst consensus and up from $1.37 a year earlier. Net income rose to $89.3 million from $76.4 million, signaling solid earnings growth. WSFS Financial Tops Q3 Earnings and Revenue Estimates
- Positive Sentiment: Underlying operating trends were constructive: net interest income reached $196.6 million, wealth and trust fee revenue increased 30% year over year, and gross loans and leases grew 5% to $13.7 billion. The bank also reported a 3.88% net interest margin and 1.58% return on average assets. WSFS Reports Third-Quarter EPS and Net Income
- Positive Sentiment: Capital returns added support, with WSFS repurchasing $59.6 million of common stock and approving a quarterly dividend of $0.20 per share, payable November 20, 2026. Client deposits totaled $18.4 billion at quarter-end.
- Neutral Sentiment: Total revenue was $287.6 million, up 6.3% year over year but slightly below the approximately $289.8 million analyst estimate. This indicates growth remained healthy, though the top-line result was not a full beat. WSFS Q3 Key Metrics Compared With Estimates
- Neutral Sentiment: WSFS also announced five upgraded branches, a development that may improve customer service and market presence but is unlikely to materially affect near-term results. WSFS Unveils Five Upgraded Branches
- Negative Sentiment: All four reported WSFS insider transactions over the past six months were sales, including sales by CEO Rodger Levenson. Insider selling can weigh on investor sentiment, although it does not necessarily indicate a change in the company’s outlook. WSFS Insider Trading Activity
Analyst Ratings Changes
WSFS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. DA Davidson set a $83.00 price target on WSFS Financial and gave the company a “neutral” rating in a research note on Monday, July 27th. Stephens cut WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 price target for the company. in a research note on Wednesday, August 12th. Piper Sandler restated a “neutral” rating and issued a $90.00 price objective (up from $80.00) on shares of WSFS Financial in a report on Monday, August 3rd. Finally, TD Cowen cut their price objective on shares of WSFS Financial from $92.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, WSFS Financial has an average rating of “Hold” and an average price target of $84.07.
View Our Latest Report on WSFS
WSFS Financial Company Profile
WSFS Financial Corporation is the financial holding company for WSFS Bank, a full-service community banking institution headquartered in Wilmington, Delaware. Founded in 1832, WSFS is one of the oldest and largest locally managed banks in the Delaware Valley.
WSFS Bank provides a range of banking services for individuals, families, businesses and institutions. Its offerings include checking and savings accounts, consumer lending, residential mortgages, commercial loans, treasury and cash-management services, and online and mobile banking.
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