Airain ltd Purchase New Holding in WSFS Financial Co. (WSFS)

Airain ltd Purchase New Holding in WSFS Financial Co. (WSFS)

Airain ltd acquired a new stake in shares of WSFS Financial Co. (NASDAQ:WSFS) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,817 shares of the bank’s stock, valued at approximately $267,000.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of WSFS Financial by 2.6% in the third quarter. BlackRock Inc. now owns 7,268 shares of the bank’s stock valued at $266,000 after buying an additional 183 shares in the last quarter. First Mercantile Trust Co. raised its position in shares of WSFS Financial by 11.3% in the first quarter. First Mercantile Trust Co. now owns 2,650 shares of the bank’s stock valued at $122,000 after buying an additional 270 shares in the last quarter. US Bancorp DE raised its position in shares of WSFS Financial by 12.7% in the first quarter. US Bancorp DE now owns 3,290 shares of the bank’s stock valued at $151,000 after buying an additional 371 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of WSFS Financial by 8.8% in the first quarter. Advisors Asset Management Inc. now owns 6,425 shares of the bank’s stock valued at $295,000 after buying an additional 519 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of WSFS Financial by 1.3% in the first quarter. Parametric Portfolio Associates LLC now owns 58,171 shares of the bank’s stock valued at $2,673,000 after buying an additional 744 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

WSFS Financial Co. (NASDAQ:WSFS) remained flat at $44.75 during midday trading on Friday. The stock had a trading volume of 109,276 shares. WSFS Financial Co. has a one year low of $30.56 and a one year high of $50.55. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 20.99 and a beta of 1.22. The firm’s 50-day moving average is $45.90 and its 200 day moving average is $45.30.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Thursday, April 27th. The bank reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. WSFS Financial had a net margin of 20.09% and a return on equity of 10.42%. The firm had revenue of $81.20 million for the quarter, compared to analyst estimates of $80.53 million. During the same quarter in the previous year, the firm posted $0.53 EPS. Equities analysts expect that WSFS Financial Co. will post $2.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, May 10th. This represents a $0.28 dividend on an annualized basis and a yield of 0.63%. WSFS Financial’s dividend payout ratio (DPR) is currently 13.53%.

Several brokerages have recently weighed in on WSFS. Keefe, Bruyette & Woods lowered shares of WSFS Financial from an “outperform” rating to a “mkt perform” rating in a report on Tuesday, May 2nd. Zacks Investment Research lowered shares of WSFS Financial from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Finally, DA Davidson assumed coverage on shares of WSFS Financial in a report on Monday, March 6th. They issued a “buy” rating and a $55.00 target price on the stock.

In related news, EVP Richard Wright sold 2,061 shares of WSFS Financial stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $45.20, for a total transaction of $93,157.20. Following the completion of the transaction, the executive vice president now directly owns 46,001 shares of the company’s stock, valued at approximately $2,079,245.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP S James Mazarakis sold 2,202 shares of WSFS Financial stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $44.50, for a total transaction of $97,989.00. Following the transaction, the executive vice president now directly owns 43,828 shares of the company’s stock, valued at $1,950,346. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,394 shares of company stock valued at $790,268. 4.17% of the stock is currently owned by corporate insiders.

About WSFS Financial

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. It 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WSFS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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