Rothschild & Co. Asset Management US Inc. lessened its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 8.8% during the 4th quarter, Holdings Channel reports. The firm owned 273,512 shares of the bank’s stock after selling 26,522 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in WSFS Financial were worth $12,032,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Chevy Chase Trust Holdings Inc. acquired a new stake in WSFS Financial during the 4th quarter valued at $117,000. Tower Research Capital LLC TRC grew its stake in shares of WSFS Financial by 377.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,840 shares of the bank’s stock worth $125,000 after purchasing an additional 2,245 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of WSFS Financial in the 4th quarter worth approximately $192,000. Mackay Shields LLC acquired a new position in shares of WSFS Financial in the 4th quarter worth approximately $202,000. Finally, Creative Planning acquired a new position in shares of WSFS Financial in the 3rd quarter worth approximately $203,000. 84.32% of the stock is currently owned by institutional investors.
Shares of WSFS traded down $2.90 during midday trading on Thursday, hitting $24.86. The stock had a trading volume of 11,801 shares, compared to its average volume of 209,019. WSFS Financial Co. has a fifty-two week low of $27.57 and a fifty-two week high of $46.05. The business has a 50-day simple moving average of $38.90 and a two-hundred day simple moving average of $42.35. The firm has a market cap of $1.32 billion, a P/E ratio of 8.54 and a beta of 1.17. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16.
WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Tuesday, January 21st. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. WSFS Financial had a net margin of 20.98% and a return on equity of 10.10%. The company had revenue of $159.34 million during the quarter, compared to analysts’ expectations of $157.10 million. On average, analysts expect that WSFS Financial Co. will post 3.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, February 6th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Wednesday, February 5th. WSFS Financial’s payout ratio is 12.83%.
Several equities analysts have recently issued reports on the stock. Stephens lowered their price objective on shares of WSFS Financial from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Zacks Investment Research cut shares of WSFS Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 28th. ValuEngine raised shares of WSFS Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, BidaskClub cut shares of WSFS Financial from a “sell” rating to a “strong sell” rating in a report on Friday, March 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $45.92.
In other WSFS Financial news, EVP Peggy H. Eddens sold 50,667 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $41.01, for a total value of $2,077,853.67. Following the completion of the transaction, the executive vice president now directly owns 82,405 shares in the company, valued at $3,379,429.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.42% of the company’s stock.
WSFS Financial Profile
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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