Harbor Investment Advisory LLC raised its stake in WSFS Financial Co. (NASDAQ:WSFS – Get Rating ) by 43.5% in the first quarter, Holdings Channel reports. The firm owned 2,050 shares of the bank’s stock after purchasing an additional 621 shares during the period. Harbor Investment Advisory LLC’s holdings in WSFS Financial were worth $96,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in WSFS Financial by 15.3% during the 4th quarter. State Street Corp now owns 2,229,642 shares of the bank’s stock valued at $111,750,000 after purchasing an additional 296,184 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in WSFS Financial by 303.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,473,111 shares of the bank’s stock valued at $73,832,000 after purchasing an additional 1,107,875 shares in the last quarter. Palisade Capital Management LLC NJ raised its position in WSFS Financial by 3.8% during the 4th quarter. Palisade Capital Management LLC NJ now owns 880,621 shares of the bank’s stock valued at $44,137,000 after buying an additional 32,081 shares during the period. Brown Advisory Inc. lifted its position in WSFS Financial by 352.5% in the 4th quarter. Brown Advisory Inc. now owns 863,003 shares of the bank’s stock valued at $43,254,000 after purchasing an additional 672,301 shares during the period. Finally, Northern Trust Corp raised its position in WSFS Financial by 0.7% during the 4th quarter. Northern Trust Corp now owns 756,389 shares of the bank’s stock valued at $37,911,000 after purchasing an additional 5,058 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s shares.
Shares of WSFS Financial opened at $40.93 on Monday. The stock has a market cap of $2.59 billion, a P/E ratio of 9.32 and a beta of 1.07. The company has a fifty day simple moving average of $40.68 and a 200 day simple moving average of $46.76. WSFS Financial Co. has a 12-month low of $37.03 and a 12-month high of $56.30. The company has a current ratio of 0.77, a quick ratio of 0.76, and a debt-to-equity ratio of 0.15.
WSFS Financial (NASDAQ:WSFS – Get Rating ) last posted its quarterly earnings data on Thursday, April 21st. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.14). The firm had revenue of $199.13 million for the quarter, compared to analysts’ expectations of $134.16 million. WSFS Financial had a return on equity of 11.89% and a net margin of 31.02%. During the same period last year, the firm posted earnings of $1.39 per share. As a group, sell-side analysts predict that WSFS Financial Co. will post 4.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Friday, May 6th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $0.52 annual dividend and a yield of 1.27%. WSFS Financial’s dividend payout ratio is currently 11.85%.
Several equities analysts have commented on the stock. StockNews.com cut shares of WSFS Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 24th. Piper Sandler raised shares of WSFS Financial from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $56.00 to $51.00 in a research report on Monday, April 25th. Finally, Stephens decreased their price objective on shares of WSFS Financial from $53.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, April 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. WSFS Financial currently has a consensus rating of “Hold” and a consensus target price of $53.25, according to MarketBeat .
In related news, Principal Nancy J. Foster bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 26th. The stock was bought at an average price of $41.69 per share, for a total transaction of $41,690.00. Following the purchase, the director now directly owns 4,213 shares of the company’s stock, valued at $175,639.97. The purchase was disclosed in a filing with the Securities and Exchange Commission, which can be accessed via this link. Also, EVP Richard Wright sold 1,973 shares of WSFS Financial stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $42.03, for a total transaction of $82,925.19. Following the sale, the executive vice president now owns 42,196 shares in the company, valued at $1,773,497.88. Disclosure of this sale can be found here. 1.98% of shares are owned by company insiders.
About WSFS Financial (Get Rating)
WSFS Financial Corporation operates as the savings and loan holding company for Wilmington Savings Fund Society, FSB, which provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect and Wealth Management. It offers a variety of deposit products, including savings accounts, time deposits, interest-bearing time deposits, money market deposit accounts and certificates of deposit, and accepts large certificates of deposit from individuals, businesses and municipalities.
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