WSFS Financial Corporation (WSFS) Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 60.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,505 shares of the bank’s stock after purchasing an additional 7,362 shares during the quarter. Principal Financial Group Inc. owned about 0.06% of WSFS Financial Corporation worth $884,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in WSFS Financial Corporation by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 1,247,277 shares of the bank’s stock valued at $57,312,000 after purchasing an additional 93,705 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in WSFS Financial Corporation by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,199,063 shares of the bank’s stock valued at $55,097,000 after purchasing an additional 36,914 shares in the last quarter. Renaissance Technologies LLC increased its stake in WSFS Financial Corporation by 3.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,134,814 shares of the bank’s stock valued at $52,145,000 after purchasing an additional 38,700 shares in the last quarter. Wellington Management Group LLP increased its stake in WSFS Financial Corporation by 3.0% during the 1st quarter. Wellington Management Group LLP now owns 748,830 shares of the bank’s stock valued at $34,409,000 after purchasing an additional 21,555 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in WSFS Financial Corporation by 36.8% during the 1st quarter. Macquarie Group Ltd. now owns 624,671 shares of the bank’s stock valued at $28,704,000 after purchasing an additional 168,129 shares in the last quarter. Institutional investors and hedge funds own 78.40% of the company’s stock.

WSFS Financial Corporation (NASDAQ WSFS) opened at 49.85 on Wednesday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 22.81 and a beta of 1.22. WSFS Financial Corporation has a 52 week low of $31.90 and a 52 week high of $50.55. The firm’s 50-day moving average is $45.92 and its 200-day moving average is $45.61.

WSFS Financial Corporation (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, July 27th. The bank reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.44%. The firm had revenue of $54.31 million during the quarter, compared to the consensus estimate of $54.83 million. During the same quarter in the prior year, the firm earned $0.58 EPS. WSFS Financial Corporation’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities analysts anticipate that WSFS Financial Corporation will post $2.56 earnings per share for the current year.

WSFS has been the topic of a number of recent analyst reports. BidaskClub lowered shares of WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Boenning Scattergood restated a “buy” rating and set a $49.00 price target on shares of WSFS Financial Corporation in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $51.33.

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In related news, EVP S James Mazarakis sold 7,161 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $44.86, for a total value of $321,242.46. Following the completion of the sale, the executive vice president now owns 48,288 shares in the company, valued at approximately $2,166,199.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction of $380,008.20. Following the completion of the sale, the executive vice president now owns 27,659 shares of the company’s stock, valued at approximately $1,225,017.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,240 shares of company stock valued at $723,172. 4.89% of the stock is owned by insiders.

WSFS Financial Corporation 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 Corporation (NASDAQ:WSFS)

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