Illinois Municipal Retirement Fund Has $1.58 Million Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Illinois Municipal Retirement Fund lowered its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,380 shares of the bank’s stock after selling 1,689 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in WSFS Financial were worth $1,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. increased its position in WSFS Financial by 18.8% in the 3rd quarter. Brown Advisory Inc. now owns 822,433 shares of the bank’s stock valued at $30,019,000 after buying an additional 130,189 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of WSFS Financial by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 613,322 shares of the bank’s stock worth $22,386,000 after purchasing an additional 27,106 shares during the period. Invesco Ltd. lifted its holdings in shares of WSFS Financial by 1.7% in the 3rd quarter. Invesco Ltd. now owns 611,641 shares of the bank’s stock worth $22,325,000 after purchasing an additional 10,343 shares in the last quarter. Earnest Partners LLC grew its position in WSFS Financial by 3.3% in the 3rd quarter. Earnest Partners LLC now owns 357,161 shares of the bank’s stock valued at $13,036,000 after purchasing an additional 11,519 shares during the period. Finally, American Century Companies Inc. increased its stake in WSFS Financial by 44.2% during the 3rd quarter. American Century Companies Inc. now owns 352,093 shares of the bank’s stock valued at $12,851,000 after purchasing an additional 107,879 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Insider Transactions at WSFS Financial

In related news, EVP Arthur J. Bacci sold 15,992 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.79, for a total transaction of $748,265.68. Following the completion of the sale, the executive vice president now owns 20,990 shares in the company, valued at $982,122.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.29% of the company’s stock.

WSFS Financial Stock Performance

WSFS opened at $42.85 on Friday. WSFS Financial Co. has a 1-year low of $29.59 and a 1-year high of $47.97. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 9.56 and a beta of 1.03. The company’s fifty day moving average price is $43.10 and its two-hundred day moving average price is $41.90. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Thursday, April 25th. The bank reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The company had revenue of $251.10 million for the quarter, compared to analyst estimates of $247.57 million. WSFS Financial had a net margin of 20.73% and a return on equity of 12.11%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.02 EPS. On average, analysts expect that WSFS Financial Co. will post 4.19 EPS for the current fiscal year.

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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.