Charles Schwab Investment Management Inc. grew its position in WSFS Financial Co. (NASDAQ:WSFS) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,624 shares of the bank’s stock after buying an additional 9,186 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.58% of WSFS Financial worth $12,829,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its position in WSFS Financial by 92.6% during the 1st quarter. FMR LLC now owns 2,497,363 shares of the bank’s stock worth $96,399,000 after acquiring an additional 1,200,476 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in WSFS Financial by 37.8% during the 1st quarter. OppenheimerFunds Inc. now owns 1,057,592 shares of the bank’s stock worth $40,822,000 after purchasing an additional 290,207 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in WSFS Financial by 439.3% during the 1st quarter. JPMorgan Chase & Co. now owns 336,379 shares of the bank’s stock worth $12,984,000 after purchasing an additional 274,011 shares during the last quarter. Royce & Associates LP increased its holdings in WSFS Financial by 42.0% during the 1st quarter. Royce & Associates LP now owns 433,075 shares of the bank’s stock worth $16,717,000 after purchasing an additional 128,095 shares during the last quarter. Finally, Federated Investors Inc. PA increased its holdings in WSFS Financial by 146.9% during the 1st quarter. Federated Investors Inc. PA now owns 183,954 shares of the bank’s stock worth $7,101,000 after purchasing an additional 109,456 shares during the last quarter. Institutional investors and hedge funds own 80.87% of the company’s stock.
Shares of NASDAQ WSFS traded up $0.52 during trading on Friday, reaching $42.85. The stock had a trading volume of 172,317 shares, compared to its average volume of 190,017. The stock has a market cap of $2.25 billion, a PE ratio of 12.07 and a beta of 1.12. The firm’s 50 day moving average price is $43.15 and its two-hundred day moving average price is $41.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. WSFS Financial Co. has a one year low of $33.75 and a one year high of $47.12.
WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.13. The firm had revenue of $166.10 million during the quarter, compared to the consensus estimate of $157.52 million. WSFS Financial had a return on equity of 10.98% and a net margin of 21.06%. On average, research analysts expect that WSFS Financial Co. will post 3.63 earnings per share for the current year.
Several research firms have issued reports on WSFS. BidaskClub downgraded WSFS Financial from a “buy” rating to a “hold” rating in a report on Friday. Boenning Scattergood restated an “outperform” rating and set a $47.75 price objective on shares of WSFS Financial in a report on Thursday, June 20th. Zacks Investment Research reiterated a “hold” rating on shares of WSFS Financial in a report on Saturday. Finally, Piper Jaffray Companies started coverage on WSFS Financial in a report on Monday, July 15th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. WSFS Financial presently has a consensus rating of “Hold” and a consensus price target of $49.38.
In other WSFS Financial news, EVP Richard Wright sold 8,026 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $44.61, for a total transaction of $358,039.86. Following the completion of the transaction, the executive vice president now owns 60,851 shares in the company, valued at approximately $2,714,563.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Turner sold 124,177 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $41.31, for a total value of $5,129,751.87. Following the transaction, the director now owns 161,779 shares of the company’s stock, valued at approximately $6,683,090.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,165 shares of company stock valued at $6,157,398. 2.42% of the stock is owned by company insiders.
About WSFS Financial
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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