Healthcare of Ontario Pension Plan Trust Fund cut its position in shares of WSFS Financial Corporation (NASDAQ:WSFS – Free Report) by 83.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,078 shares of the bank’s stock after selling 41,934 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in WSFS Financial were worth $529,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC grew its holdings in WSFS Financial by 92.4% during the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock worth $28,000 after purchasing an additional 207 shares during the period. NewEdge Advisors LLC bought a new stake in WSFS Financial in the fourth quarter valued at approximately $33,000. Torren Management LLC bought a new stake in WSFS Financial in the fourth quarter valued at approximately $35,000. Clearstead Advisors LLC lifted its position in shares of WSFS Financial by 167.5% in the fourth quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock valued at $43,000 after buying an additional 489 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after acquiring an additional 500 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently weighed in on WSFS shares. Weiss Ratings reissued a “buy (b)” rating on shares of WSFS Financial in a report on Friday, June 12th. UBS Group set a $76.00 price objective on shares of WSFS Financial in a report on Monday, April 27th. TD Cowen reissued a “buy” rating on shares of WSFS Financial in a research report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of WSFS Financial from $83.00 to $89.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $80.00 price target (up from $72.00) on shares of WSFS Financial in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, WSFS Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.64.
WSFS Financial Price Performance
Shares of WSFS opened at $80.20 on Monday. WSFS Financial Corporation has a 12 month low of $49.92 and a 12 month high of $82.30. The firm’s 50 day moving average is $76.00 and its 200-day moving average is $69.70. The stock has a market capitalization of $4.17 billion, a PE ratio of 13.41 and a beta of 0.76. The company has a current ratio of 0.84, a quick ratio of 0.85 and a debt-to-equity ratio of 0.11.
WSFS Financial (NASDAQ:WSFS – Get Free Report) last released its earnings results on Thursday, July 23rd. The bank reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.16. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%.The company had revenue of $284.70 million for the quarter, compared to analyst estimates of $278.41 million. During the same period in the prior year, the firm posted $1.27 EPS. WSFS Financial’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts forecast that WSFS Financial Corporation will post 6.51 EPS for the current year.
WSFS Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 7th. WSFS Financial’s dividend payout ratio is presently 13.38%.
Insider Buying and Selling at WSFS Financial
In other news, CEO Rodger Levenson sold 65,446 shares of WSFS Financial stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the sale, the chief executive officer directly owned 186,088 shares of the company’s stock, valued at approximately $13,790,981.68. This trade represents a 26.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Shari Kruzinski sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total transaction of $286,090.00. Following the sale, the executive vice president directly owned 15,207 shares in the company, valued at $1,243,020.18. The trade was a 18.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.
WSFS Financial Company 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.
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