Ameritas Investment Partners Inc. purchased a new position in shares of WSFS Financial Corporation (NASDAQ:WSFS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,397 shares of the bank’s stock, valued at approximately $110,000.
Several other hedge funds have also recently made changes to their positions in WSFS. Acrospire Investment Management LLC purchased a new stake in shares of WSFS Financial Corporation during the first quarter worth $111,000. First Mercantile Trust Co. increased its stake in shares of WSFS Financial Corporation by 11.3% in the first quarter. First Mercantile Trust Co. now owns 2,650 shares of the bank’s stock worth $122,000 after buying an additional 270 shares in the last quarter. US Bancorp DE increased its stake in shares of WSFS Financial Corporation by 12.7% in the first quarter. US Bancorp DE now owns 3,290 shares of the bank’s stock worth $151,000 after buying an additional 371 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of WSFS Financial Corporation during the first quarter worth $208,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in shares of WSFS Financial Corporation during the first quarter worth $212,000. Institutional investors and hedge funds own 78.30% of the company’s stock.
Shares of WSFS Financial Corporation (WSFS) opened at 45.85 on Tuesday. WSFS Financial Corporation has a one year low of $31.90 and a one year high of $50.55. The firm has a market capitalization of $1.44 billion, a P/E ratio of 21.51 and a beta of 1.19. The firm’s 50-day moving average is $44.93 and its 200 day moving average is $45.62.
WSFS Financial Corporation (NASDAQ:WSFS) last posted its quarterly earnings results on Thursday, April 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59. The firm had revenue of $81.20 million for the quarter, compared to analysts’ expectations of $80.53 million. WSFS Financial Corporation had a return on equity of 10.14% and a net margin of 20.09%. During the same period in the prior year, the business earned $0.53 EPS. Equities research analysts predict that WSFS Financial Corporation will post $2.59 earnings per share for the current year.
A number of brokerages recently weighed in on WSFS. BidaskClub upgraded shares of WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded shares of WSFS Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $50.00 target price on shares of WSFS Financial Corporation in a report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $52.67.
In other news, EVP S James Mazarakis sold 2,202 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $44.50, for a total transaction of $97,989.00. Following the transaction, the executive vice president now directly owns 43,828 shares of the company’s stock, valued at $1,950,346. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul S. Greenplate sold 7,056 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $46.28, for a total value of $326,551.68. Following the transaction, the executive vice president now directly owns 10,535 shares in the company, valued at $487,559.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,519 shares of company stock worth $662,239 over the last 90 days. Company insiders own 4.89% of the company’s stock.
WSFS Financial Corporation 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. It 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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