Emerald Mutual Fund Advisers Trust continued to hold its position in shares of WSFS Financial Corp. (NASDAQ:WSFS) during the second quarter, Holdings Channel reports. The institutional investor owned 169,608 shares of the company’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust’s holdings in WSFS Financial Corp. were worth $5,460,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in WSFS Financial Corp. by 4.9% in the first quarter. Renaissance Technologies LLC now owns 1,041,914 shares of the company’s stock worth $33,883,000 after buying an additional 48,509 shares during the last quarter. Nuveen Asset Management LLC increased its stake in WSFS Financial Corp. by 34.1% in the first quarter. Nuveen Asset Management LLC now owns 107,461 shares of the company’s stock worth $3,495,000 after buying an additional 27,324 shares during the last quarter. Hancock Holding Co. bought a new stake in WSFS Financial Corp. during the first quarter worth $769,000. Shell Asset Management Co. bought a new stake in WSFS Financial Corp. during the second quarter worth $513,000. Finally, Stoneridge Investment Partners LLC bought a new stake in WSFS Financial Corp. during the second quarter worth $211,000. Institutional investors own 77.28% of the company’s stock.
Shares of WSFS Financial Corp. (NASDAQ:WSFS) traded up 0.28% during mid-day trading on Friday, reaching $36.26. 85,174 shares of the company’s stock were exchanged. WSFS Financial Corp. has a one year low of $26.40 and a one year high of $39.31. The stock has a market cap of $1.07 billion, a PE ratio of 17.51 and a beta of 1.36. The company has a 50 day moving average price of $37.18 and a 200-day moving average price of $34.93.
WSFS Financial Corp. (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. WSFS Financial Corp. had a net margin of 21.20% and a return on equity of 11.78%. The company earned $46.41 million during the quarter, compared to the consensus estimate of $46.64 million. During the same period in the previous year, the firm posted $0.43 EPS. The firm’s revenue was up 18.7% compared to the same quarter last year. On average, analysts predict that WSFS Financial Corp. will post $2.20 EPS for the current year.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of WSFS Financial Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, August 2nd. Stephens assumed coverage on shares of WSFS Financial Corp. in a research report on Friday, September 23rd. They set an “equal weight” rating on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of WSFS Financial Corp. from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, August 1st.
In other news, EVP Stephen P. Clark sold 7,269 shares of WSFS Financial Corp. stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $36.03, for a total transaction of $261,902.07. Following the completion of the sale, the executive vice president now directly owns 15,689 shares of the company’s stock, valued at approximately $565,274.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.17% of the company’s stock.
WSFS Financial Corp. 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. 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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