Emerald Acquisition Ltd. purchased a new stake in WSFS Financial Corp. (NASDAQ:WSFS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 73,139 shares of the company’s stock, valued at approximately $2,355,000. Emerald Acquisition Ltd. owned about 0.24% of WSFS Financial Corp. as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in WSFS. Societe Generale purchased a new position in WSFS Financial Corp. during the second quarter worth $109,000. Legal & General Group Plc boosted its position in WSFS Financial Corp. by 15.5% in the first quarter. Legal & General Group Plc now owns 4,605 shares of the company’s stock worth $151,000 after buying an additional 618 shares during the period. Huntington Asset Advisors Inc. purchased a new position in WSFS Financial Corp. during the first quarter worth $167,000. Stoneridge Investment Partners LLC purchased a new position in WSFS Financial Corp. during the second quarter worth $211,000. Finally, Strs Ohio boosted its position in WSFS Financial Corp. by 9.0% in the second quarter. Strs Ohio now owns 7,300 shares of the company’s stock worth $234,000 after buying an additional 600 shares during the period. Institutional investors own 77.28% of the company’s stock.
Shares of WSFS Financial Corp. (NASDAQ:WSFS) traded up 0.9890% during mid-day trading on Wednesday, hitting $36.7499. 167,448 shares of the stock were exchanged. The company has a 50-day moving average price of $37.32 and a 200-day moving average price of $34.77. WSFS Financial Corp. has a 12 month low of $26.40 and a 12 month high of $39.31. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 17.7450 and a beta of 1.36.
WSFS Financial Corp. (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $46.41 million for the quarter, compared to analyst estimates of $46.64 million. WSFS Financial Corp. had a return on equity of 11.78% and a net margin of 21.20%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Equities analysts expect that WSFS Financial Corp. will post $2.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were issued a $0.06 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $0.24 dividend on an annualized basis and a yield of 0.66%. WSFS Financial Corp.’s payout ratio is currently 11.59%.
A number of research analysts have weighed in on WSFS shares. Zacks Investment Research cut shares of WSFS Financial Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Keefe, Bruyette & Woods boosted their target price on shares of WSFS Financial Corp. from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Finally, Stephens began coverage on shares of WSFS Financial Corp. in a research note on Friday, September 23rd. They set an “equal weight” rating for the company.
In other WSFS Financial Corp. news, EVP Stephen P. Clark sold 7,269 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $36.03, for a total value of $261,902.07. Following the transaction, the executive vice president now owns 15,689 shares in the company, valued at approximately $565,274.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.17% of the stock is owned by company insiders.
About WSFS Financial Corp.
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. The Company 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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