William Blair Investment Management LLC decreased its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 493,724 shares of the bank’s stock after selling 34,909 shares during the quarter. William Blair Investment Management LLC owned about 1.57% of WSFS Financial worth $23,279,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Lenox Wealth Advisors LLC purchased a new position in WSFS Financial in the third quarter valued at $157,000. Capital Fund Management S.A. purchased a new position in WSFS Financial in the second quarter valued at $208,000. Tower Bridge Advisors purchased a new position in WSFS Financial in the second quarter valued at $213,000. Trexquant Investment LP purchased a new position in WSFS Financial in the third quarter valued at $217,000. Finally, Amalgamated Bank purchased a new position in WSFS Financial in the second quarter valued at $225,000. 85.11% of the stock is owned by institutional investors.
WSFS opened at $42.07 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.98 and a current ratio of 0.99. WSFS Financial Co. has a one year low of $40.04 and a one year high of $57.70. The stock has a market cap of $1.32 billion, a PE ratio of 16.43, a PEG ratio of 0.99 and a beta of 1.11.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Monday, November 5th. WSFS Financial’s dividend payout ratio (DPR) is presently 17.19%.
In other WSFS Financial news, CEO Mark A. Turner sold 12,995 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $47.59, for a total transaction of $618,432.05. Following the transaction, the chief executive officer now owns 144,631 shares in the company, valued at approximately $6,882,989.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark A. Turner sold 42,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $48.72, for a total value of $2,046,240.00. Following the transaction, the chief executive officer now owns 153,738 shares in the company, valued at approximately $7,490,115.36. The disclosure for this sale can be found here. Insiders sold a total of 80,695 shares of company stock worth $3,893,389 in the last 90 days. 5.73% of the stock is currently owned by insiders.
A number of analysts have issued reports on the company. Sandler O’Neill reaffirmed a “buy” rating and set a $63.00 price target on shares of WSFS Financial in a report on Sunday, August 12th. Boenning Scattergood reaffirmed a “buy” rating on shares of WSFS Financial in a report on Thursday, August 9th. BidaskClub downgraded WSFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 11th. ValuEngine downgraded WSFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Stephens reaffirmed a “buy” rating and set a $58.00 price target on shares of WSFS Financial in a report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $59.67.
WSFS Financial Profile
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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.
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