Arizona State Retirement System Raises Stake in WSFS Financial Co. (NASDAQ:WSFS)

Arizona State Retirement System boosted its position in WSFS Financial Co. (NASDAQ:WSFSGet Rating) by 38.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,694 shares of the bank’s stock after buying an additional 4,900 shares during the quarter. Arizona State Retirement System’s holdings in WSFS Financial were worth $825,000 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 the company. State Street Corp boosted its stake in WSFS Financial by 15.3% in the fourth quarter. State Street Corp now owns 2,229,642 shares of the bank’s stock worth $111,750,000 after buying an additional 296,184 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of WSFS Financial by 303.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,473,111 shares of the bank’s stock valued at $73,832,000 after purchasing an additional 1,107,875 shares during the period. Palisade Capital Management LLC NJ boosted its stake in shares of WSFS Financial by 3.8% during the fourth quarter. Palisade Capital Management LLC NJ now owns 880,621 shares of the bank’s stock valued at $44,137,000 after purchasing an additional 32,081 shares during the period. Northern Trust Corp boosted its stake in shares of WSFS Financial by 0.7% during the fourth quarter. Northern Trust Corp now owns 756,389 shares of the bank’s stock valued at $37,911,000 after purchasing an additional 5,058 shares during the period. Finally, Pzena Investment Management LLC boosted its stake in shares of WSFS Financial by 1.3% during the fourth quarter. Pzena Investment Management LLC now owns 704,492 shares of the bank’s stock valued at $35,309,000 after purchasing an additional 8,751 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

WSFS Financial Stock Performance

Shares of WSFS stock opened at $47.56 on Wednesday. The stock has a fifty day moving average of $41.77 and a 200 day moving average of $45.28. WSFS Financial Co. has a 52 week low of $37.03 and a 52 week high of $56.30. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 14.33 and a beta of 1.12. The company has a quick ratio of 0.77, a current ratio of 0.76 and a debt-to-equity ratio of 0.16.

WSFS Financial (NASDAQ:WSFSGet Rating) last posted its quarterly earnings data on Monday, July 25th. The bank reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. WSFS Financial had a return on equity of 9.91% and a net margin of 23.44%. During the same period in the prior year, the business earned $2.00 earnings per share. As a group, research analysts expect that WSFS Financial Co. will post 4.33 earnings per share for the current year.

WSFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 5th will be issued a $0.15 dividend. This is an increase from WSFS Financial’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, August 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. WSFS Financial’s dividend payout ratio is 15.66%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WSFS. DA Davidson reissued a “neutral” rating on shares of WSFS Financial in a research note on Wednesday, July 27th. StockNews.com raised WSFS Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Stephens dropped their price objective on WSFS Financial from $53.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. Finally, Piper Sandler raised their price target on WSFS Financial to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.00.

WSFS Financial Profile

(Get Rating)

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. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.

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Institutional Ownership by Quarter for WSFS Financial (NASDAQ:WSFS)

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