Great West Life Assurance Co. Can held its position in WSFS Financial Corp. (NASDAQ:WSFS) during the second quarter, Holdings Channel reports. The institutional investor owned 3,600 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in WSFS Financial Corp. were worth $117,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its position in WSFS Financial Corp. by 6.6% in the first quarter. TIAA CREF Investment Management LLC now owns 97,050 shares of the company’s stock worth $3,156,000 after buying an additional 6,002 shares during the period. Huntington Asset Advisors Inc. bought a new position in WSFS Financial Corp. during the first quarter worth $167,000. Hancock Holding Co. bought a new position in WSFS Financial Corp. during the first quarter worth $769,000. Renaissance Technologies LLC raised its position in WSFS Financial Corp. by 4.9% in the first quarter. Renaissance Technologies LLC now owns 1,041,914 shares of the company’s stock worth $33,883,000 after buying an additional 48,509 shares during the period. Finally, Nuveen Asset Management LLC raised its position in WSFS Financial Corp. by 34.1% in the first quarter. Nuveen Asset Management LLC now owns 107,461 shares of the company’s stock worth $3,495,000 after buying an additional 27,324 shares during the period. 77.28% of the stock is currently owned by institutional investors.
Shares of WSFS Financial Corp. (NASDAQ:WSFS) traded up 0.9890% during trading on Wednesday, hitting $36.7499. The stock had a trading volume of 167,448 shares. The company has a market cap of $1.09 billion, a PE ratio of 17.7450 and a beta of 1.36. WSFS Financial Corp. has a 12-month low of $26.40 and a 12-month high of $39.31. The stock’s 50 day moving average is $37.32 and its 200-day moving average is $34.77.
WSFS Financial Corp. (NASDAQ:WSFS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. The business earned $46.41 million during the quarter, compared to analysts’ expectations of $46.64 million. WSFS Financial Corp. had a return on equity of 11.78% and a net margin of 21.20%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Analysts forecast that WSFS Financial Corp. will post $2.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Wednesday, August 17th. WSFS Financial Corp.’s payout ratio is currently 11.59%.
A number of equities analysts have weighed in on WSFS shares. Zacks Investment Research lowered WSFS Financial Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Keefe, Bruyette & Woods boosted their price objective on WSFS Financial Corp. from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, August 1st. Finally, Stephens started coverage on WSFS Financial Corp. in a research note on Friday, September 23rd. They set an “equal weight” rating on the stock.
In related news, EVP Stephen P. Clark sold 7,269 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $36.03, for a total value of $261,902.07. Following the completion of the transaction, the executive vice president now directly owns 15,689 shares of the company’s stock, valued at approximately $565,274.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.17% of the stock is owned by corporate insiders.
WSFS Financial Corp. Company Profile
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. The Company operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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