Shell Asset Management Co. acquired a new position in shares of WSFS Financial Corp. (NASDAQ:WSFS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,928 shares of the company’s stock, valued at approximately $513,000.
Several other large investors have also recently made changes to their positions in WSFS. Renaissance Technologies LLC increased its stake in shares of 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 in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of 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 in the last quarter. Hancock Holding Co. purchased a new stake in shares of WSFS Financial Corp. during the first quarter worth approximately $769,000. Legal & General Group Plc increased its stake in shares of WSFS Financial Corp. by 15.5% in the first quarter. Legal & General Group Plc now owns 4,605 shares of the company’s stock worth $151,000 after buying an additional 618 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of 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 in the last quarter. 77.28% of the stock is currently owned by institutional investors.
WSFS Financial Corp. (NASDAQ:WSFS) traded up 0.28% on Friday, hitting $36.26. 85,174 shares of the company were exchanged. The firm has a 50 day moving average of $37.14 and a 200-day moving average of $34.96. WSFS Financial Corp. has a 52-week low of $26.40 and a 52-week high of $39.31. The stock has a market cap of $1.07 billion, a PE ratio of 17.51 and a beta of 1.36.
WSFS Financial Corp. (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $46.41 million for the quarter, compared to analysts’ expectations of $46.64 million. WSFS Financial Corp. had a net margin of 21.20% and a return on equity of 11.78%. WSFS Financial Corp.’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. On average, equities analysts expect that WSFS Financial Corp. will post $2.20 earnings per share for the current fiscal year.
WSFS has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of WSFS Financial Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. Stephens initiated coverage on shares of WSFS Financial Corp. in a research report on Friday, September 23rd. They issued an “equal weight” rating on the stock. Finally, Keefe, Bruyette & Woods increased their price objective on shares of WSFS Financial Corp. from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, August 1st.
In other WSFS Financial Corp. news, EVP Stephen P. Clark sold 7,269 shares of WSFS Financial Corp. stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $36.03, for a total transaction of $261,902.07. Following the transaction, the executive vice president now directly owns 15,689 shares of the company’s stock, valued at $565,274.67. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.17% of the company’s stock.
About WSFS Financial Corp.
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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