Vanguard Group Inc. Has $330.78 Million Stock Holdings in WSFS Financial Corporation $WSFS

Vanguard Group Inc. lessened its holdings in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 6,133,541 shares of the bank’s stock after selling 227,396 shares during the period. Vanguard Group Inc. owned about 0.11% of WSFS Financial worth $330,782,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WSFS. Norges Bank acquired a new stake in shares of WSFS Financial in the 2nd quarter worth about $36,860,000. Edgestream Partners L.P. bought a new stake in WSFS Financial during the 2nd quarter worth approximately $8,834,000. Cooke & Bieler LP raised its stake in shares of WSFS Financial by 15.5% in the third quarter. Cooke & Bieler LP now owns 1,031,956 shares of the bank’s stock worth $55,653,000 after purchasing an additional 138,220 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of WSFS Financial by 31.6% in the second quarter. Raymond James Financial Inc. now owns 441,671 shares of the bank’s stock valued at $24,292,000 after purchasing an additional 105,983 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of WSFS Financial by 579.0% during the first quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock valued at $6,093,000 after buying an additional 100,171 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

WSFS Financial Stock Down 4.3%

WSFS stock opened at $63.51 on Friday. The stock has a 50-day simple moving average of $61.48 and a two-hundred day simple moving average of $57.38. WSFS Financial Corporation has a twelve month low of $42.44 and a twelve month high of $71.32. The firm has a market capitalization of $3.47 billion, a PE ratio of 12.45 and a beta of 0.79. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 26th. The bank reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.17. The firm had revenue of $90.08 million during the quarter, compared to analyst estimates of $267.36 million. WSFS Financial had a net margin of 21.14% and a return on equity of 10.89%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 EPS. On average, equities analysts predict that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, February 13th. WSFS Financial’s dividend payout ratio is currently 13.33%.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, EVP Arthur J. Bacci sold 2,005 shares of WSFS Financial stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $70.51, for a total transaction of $141,372.55. Following the completion of the sale, the executive vice president directly owned 26,366 shares in the company, valued at $1,859,066.66. The trade was a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James J. Wechsler sold 450 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $69.89, for a total value of $31,450.50. Following the sale, the executive vice president owned 5,777 shares in the company, valued at $403,754.53. The trade was a 7.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,455 shares of company stock valued at $242,923 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

WSFS has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, January 21st. DA Davidson started coverage on shares of WSFS Financial in a research report on Wednesday. They set a “neutral” rating and a $74.00 price target for the company. Piper Sandler boosted their target price on shares of WSFS Financial from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Keefe, Bruyette & Woods raised their price target on shares of WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Finally, Stephens reiterated an “overweight” rating and issued a $71.00 price objective (up from $66.00) on shares of WSFS Financial in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.80.

WSFS Financial Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.