Chatham Capital Group Inc. reduced its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,525 shares of the bank’s stock after selling 1,100 shares during the period. Chatham Capital Group Inc.’s holdings in WSFS Financial Corporation were worth $713,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of WSFS Financial Corporation 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 during the period. Eagle Asset Management Inc. acquired a new position in shares of WSFS Financial Corporation during the first quarter valued at approximately $7,887,000. Comerica Bank increased its position in WSFS Financial Corporation by 232.6% in the fourth quarter. Comerica Bank now owns 46,102 shares of the bank’s stock worth $2,088,000 after buying an additional 32,239 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in WSFS Financial Corporation by 24.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,193,790 shares of the bank’s stock worth $55,332,000 after buying an additional 231,905 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in WSFS Financial Corporation by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,162,149 shares of the bank’s stock worth $53,866,000 after buying an additional 62,374 shares during the last quarter. 78.30% of the stock is currently owned by institutional investors.
WSFS Financial Corporation (NASDAQ WSFS) traded down 0.76% during midday trading on Friday, reaching $46.00. The company’s stock had a trading volume of 142,238 shares. WSFS Financial Corporation has a 1-year low of $30.56 and a 1-year high of $50.55. The firm has a market capitalization of $1.45 billion, a PE ratio of 21.58 and a beta of 1.21. The stock’s 50-day moving average price is $45.42 and its 200 day moving average price is $45.58.
WSFS Financial Corporation (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, April 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. The business had revenue of $81.20 million during the quarter, compared to analysts’ expectations of $80.53 million. WSFS Financial Corporation had a return on equity of 10.14% and a net margin of 20.09%. During the same period in the prior year, the firm posted $0.53 EPS. Equities analysts anticipate that WSFS Financial Corporation will post $2.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.61%. WSFS Financial Corporation’s dividend payout ratio (DPR) is presently 13.08%.
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WSFS has been the topic of a number of recent research reports. Zacks Investment Research downgraded WSFS Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $50.00 price target on shares of WSFS Financial Corporation in a research report on Monday, May 1st. DA Davidson assumed coverage on WSFS Financial Corporation in a research report on Monday, March 6th. They set a “buy” rating and a $55.00 price objective on the stock. Finally, BidaskClub raised WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $52.67.
In other WSFS Financial Corporation news, EVP S James Mazarakis sold 2,202 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $44.50, for a total transaction of $97,989.00. Following the completion of the sale, the executive vice president now directly owns 43,828 shares of the company’s stock, valued at approximately $1,950,346. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Francis B. Brake acquired 2,700 shares of WSFS Financial Corporation stock in a transaction on Tuesday, May 2nd. The shares were bought at an average cost of $46.95 per share, with a total value of $126,765.00. Following the completion of the purchase, the director now owns 5,932 shares in the company, valued at $278,507.40. The disclosure for this purchase can be found here. Over the last three months, insiders sold 14,519 shares of company stock valued at $662,239. Insiders own 4.89% of the company’s stock.
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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