Rothschild & Co. Asset Management US Inc. raised its stake in WSFS Financial Co. (NASDAQ:WSFS) by 15.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 297,863 shares of the bank’s stock after acquiring an additional 38,802 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned approximately 0.56% of WSFS Financial worth $12,302,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Strs Ohio lifted its holdings in shares of WSFS Financial by 120.0% in the second quarter. Strs Ohio now owns 1,100 shares of the bank’s stock worth $45,000 after acquiring an additional 600 shares during the last quarter. Meeder Asset Management Inc. bought a new position in WSFS Financial in the 1st quarter valued at approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in WSFS Financial by 18.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,894 shares of the bank’s stock valued at $112,000 after buying an additional 444 shares during the last quarter. Quantamental Technologies LLC bought a new position in WSFS Financial in the 1st quarter valued at approximately $149,000. Finally, SG Americas Securities LLC bought a new position in WSFS Financial in the 1st quarter valued at approximately $150,000. 78.23% of the stock is owned by hedge funds and other institutional investors.
NASDAQ WSFS traded down $0.92 during trading hours on Wednesday, reaching $39.67. The company’s stock had a trading volume of 3,363 shares, compared to its average volume of 312,068. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 0.96. WSFS Financial Co. has a 52 week low of $33.75 and a 52 week high of $55.80. The company’s fifty day simple moving average is $40.99. The firm has a market capitalization of $2.22 billion, a PE ratio of 11.14, a P/E/G ratio of 1.00 and a beta of 1.12.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, July 22nd. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. WSFS Financial had a net margin of 21.06% and a return on equity of 12.67%. The firm had revenue of $166.10 million during the quarter, compared to analyst estimates of $157.52 million. On average, sell-side analysts expect that WSFS Financial Co. will post 3.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.21%. WSFS Financial’s payout ratio is 13.52%.
In other WSFS Financial news, CEO Rodger Levenson sold 13,981 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $42.95, for a total transaction of $600,483.95. Following the completion of the transaction, the chief executive officer now owns 70,152 shares in the company, valued at approximately $3,013,028.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.42% of the stock is currently owned by company insiders.
A number of research analysts recently issued reports on the stock. Boenning Scattergood reiterated an “outperform” rating and issued a $47.75 price objective on shares of WSFS Financial in a report on Thursday, June 20th. Piper Jaffray Companies assumed coverage on shares of WSFS Financial in a report on Monday, July 15th. They issued a “neutral” rating for the company. Zacks Investment Research lowered shares of WSFS Financial from a “hold” rating to a “sell” rating in a report on Saturday. Finally, BidaskClub upgraded shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $53.92.
WSFS Financial Company 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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