New York State Common Retirement Fund increased its holdings in WSFS Financial Corporation (NASDAQ:WSFS) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,023 shares of the bank’s stock after purchasing an additional 2,299 shares during the quarter. New York State Common Retirement Fund owned approximately 0.49% of WSFS Financial Corporation worth $6,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of WSFS. US Bancorp DE grew 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 purchasing an additional 371 shares during the last quarter. Swiss National Bank grew its stake in shares of WSFS Financial Corporation by 6.1% in the first quarter. Swiss National Bank now owns 49,000 shares of the bank’s stock worth $2,252,000 after purchasing an additional 2,800 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of WSFS Financial Corporation by 41.9% in the first quarter. UBS Asset Management Americas Inc. now owns 7,112 shares of the bank’s stock worth $327,000 after purchasing an additional 2,100 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of WSFS Financial Corporation in the first quarter worth about $272,000. Finally, Parametric Portfolio Associates LLC grew its stake in shares of WSFS Financial Corporation by 1.3% in the first quarter. Parametric Portfolio Associates LLC now owns 58,171 shares of the bank’s stock worth $2,673,000 after purchasing an additional 744 shares during the last quarter. 78.40% of the stock is currently owned by institutional investors.
In other WSFS Financial Corporation news, EVP S James Mazarakis sold 7,161 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $44.86, for a total value of $321,242.46. Following the transaction, the executive vice president now directly owns 48,288 shares in the company, valued at approximately $2,166,199.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peggy H. Eddens sold 8,580 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $44.29, for a total transaction of $380,008.20. Following the completion of the transaction, the executive vice president now owns 27,659 shares in the company, valued at $1,225,017.11. The disclosure for this sale can be found here. Insiders sold a total of 16,240 shares of company stock worth $723,172 over the last 90 days. Insiders own 4.89% of the company’s stock.
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WSFS Financial Corporation (NASDAQ:WSFS) last issued its earnings results on Thursday, July 27th. The bank reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The business had revenue of $54.31 million for the quarter, compared to the consensus estimate of $54.83 million. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.44%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS.
Several research firms recently issued reports on WSFS. Boenning Scattergood reissued a “buy” rating and issued a $49.00 target price on shares of WSFS Financial Corporation in a research note on Friday, July 28th. BidaskClub upgraded shares of WSFS Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. WSFS Financial Corporation currently has a consensus rating of “Buy” and an average target price of $51.33.
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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