Nationwide Fund Advisors lowered its position in shares of WSFS Financial Corp. (NASDAQ:WSFS) by 14.5% during the second quarter, Holdings Channel reports. The firm owned 62,584 shares of the company’s stock after selling 10,618 shares during the period. Nationwide Fund Advisors owned 0.21% of WSFS Financial Corp. worth $2,015,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Rothschild Asset Management Inc. boosted its stake in shares of WSFS Financial Corp. by 3.8% in the second quarter. Rothschild Asset Management Inc. now owns 286,506 shares of the company’s stock worth $9,223,000 after buying an additional 10,358 shares during the period. Societe Generale bought a new position in WSFS Financial Corp. during the second quarter valued at about $109,000. Aberdeen Asset Management PLC UK raised its position in WSFS Financial Corp. by 48.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 701,736 shares of the company’s stock valued at $22,588,000 after buying an additional 229,167 shares in the last quarter. Chatham Capital Group Inc. bought a new position in WSFS Financial Corp. during the second quarter valued at about $400,000. Finally, Strs Ohio raised 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 valued at $234,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 77.28% of the company’s stock.
Shares of WSFS Financial Corp. (NASDAQ:WSFS) traded up 1.82% during trading on Friday, reaching $35.85. The company’s stock had a trading volume of 7,119 shares. The firm’s 50-day moving average is $36.90 and its 200-day moving average is $35.03. The stock has a market capitalization of $1.06 billion, a PE ratio of 17.31 and a beta of 1.36. WSFS Financial Corp. has a 12-month low of $26.40 and a 12-month high of $39.31.
WSFS Financial Corp. (NASDAQ:WSFS) last posted its quarterly earnings results 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 return on equity of 11.78% and a net margin of 21.20%. The business had revenue of $46.41 million for the quarter, compared to the consensus estimate of $46.64 million. During the same quarter in the prior year, the company earned $0.43 EPS. The business’s revenue was up 18.7% compared to the same quarter last year. Equities analysts expect that WSFS Financial Corp. will post $2.20 earnings per share for the current year.
Several equities analysts have recently issued reports on WSFS shares. Zacks Investment Research lowered WSFS Financial Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Keefe, Bruyette & Woods lifted their price target on WSFS Financial Corp. from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st. Finally, Stephens started coverage on WSFS Financial Corp. in a research report on Friday, September 23rd. They issued an “equal weight” rating for the company.
In other news, EVP Stephen P. Clark sold 7,269 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $36.03, for a total transaction of $261,902.07. Following the transaction, the executive vice president now owns 15,689 shares of the company’s stock, valued at approximately $565,274.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.17% of the company’s stock.
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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