Truist Financial Corp Has $633,000 Stake in WSFS Financial Co. (NASDAQ:WSFS)

Truist Financial Corp trimmed its stake in shares of WSFS Financial Co. (NASDAQ:WSFSGet Rating) by 27.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,638 shares of the bank’s stock after selling 5,042 shares during the period. Truist Financial Corp’s holdings in WSFS Financial were worth $633,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in WSFS Financial by 34.8% in the first quarter. BlackRock Inc. now owns 9,464,621 shares of the bank’s stock valued at $441,240,000 after acquiring an additional 2,442,621 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of WSFS Financial by 16.2% during the first quarter. Vanguard Group Inc. now owns 7,112,476 shares of the bank’s stock worth $331,584,000 after purchasing an additional 992,425 shares during the period. Franklin Resources Inc. grew its stake in shares of WSFS Financial by 52.8% during the second quarter. Franklin Resources Inc. now owns 2,044,765 shares of the bank’s stock worth $81,975,000 after purchasing an additional 706,926 shares during the period. Bank of America Corp DE grew its stake in shares of WSFS Financial by 350.5% during the first quarter. Bank of America Corp DE now owns 893,790 shares of the bank’s stock worth $41,668,000 after purchasing an additional 695,405 shares during the period. Finally, State Street Corp grew its stake in shares of WSFS Financial by 29.1% during the first quarter. State Street Corp now owns 2,878,509 shares of the bank’s stock worth $134,196,000 after purchasing an additional 648,867 shares during the period. 88.10% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Stock Up 2.2 %

NASDAQ:WSFS opened at $48.16 on Monday. WSFS Financial Co. has a 1 year low of $37.03 and a 1 year high of $54.30. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 14.42 and a beta of 1.02. The stock has a 50-day moving average price of $46.71 and a two-hundred day moving average price of $47.00.

WSFS Financial (NASDAQ:WSFSGet Rating) last posted its quarterly earnings data on Monday, October 24th. The bank reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.03). The firm had revenue of $176.80 million for the quarter, compared to analyst estimates of $175.59 million. WSFS Financial had a return on equity of 10.64% and a net margin of 22.99%. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. As a group, equities analysts expect that WSFS Financial Co. will post 4.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WSFS shares. StockNews.com started coverage on WSFS Financial in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Janney Montgomery Scott began coverage on WSFS Financial in a research note on Wednesday, November 30th. They issued a “buy” rating and a $57.00 target price for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $54.75.

Insider Transactions at WSFS Financial

In other news, EVP Patrick Joseph Ward sold 1,305 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $46.38, for a total transaction of $60,525.90. Following the completion of the transaction, the executive vice president now directly owns 140,881 shares of the company’s stock, valued at $6,534,060.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Rodger Levenson sold 7,945 shares of the company’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $48.24, for a total transaction of $383,266.80. Following the sale, the chief executive officer now owns 130,369 shares in the company, valued at $6,289,000.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick Joseph Ward sold 1,305 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $46.38, for a total value of $60,525.90. Following the sale, the executive vice president now owns 140,881 shares in the company, valued at approximately $6,534,060.78. The disclosure for this sale can be found here. Insiders sold 19,638 shares of company stock valued at $927,562 over the last three months. Company insiders own 1.98% of the company’s stock.

WSFS Financial Company 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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