Renaissance Technologies LLC decreased its position in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 41.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,077 shares of the bank's stock after selling 16,400 shares during the period. Renaissance Technologies LLC's holdings in WSFS Financial were worth $1,511,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC increased its position in shares of WSFS Financial by 92.4% during the first quarter. Root Financial Partners LLC now owns 431 shares of the bank's stock worth $28,000 after purchasing an additional 207 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of WSFS Financial during the 4th quarter valued at $33,000. Torren Management LLC acquired a new stake in shares of WSFS Financial in the 4th quarter worth $35,000. Clearstead Advisors LLC boosted its position in shares of WSFS Financial by 167.5% in the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank's stock worth $43,000 after purchasing an additional 489 shares in the last quarter. Finally, Quarry LP grew its stake in WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank's stock worth $44,000 after buying an additional 500 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on WSFS shares. TD Cowen reaffirmed a "buy" rating on shares of WSFS Financial in a research report on Wednesday, July 29th. Piper Sandler reissued a "neutral" rating and issued a $90.00 price target (up from $80.00) on shares of WSFS Financial in a report on Monday, August 3rd. Stephens lowered WSFS Financial from an "overweight" rating to an "equal weight" rating and set a $87.00 price target on the stock. in a research note on Wednesday. DA Davidson set a $83.00 price objective on shares of WSFS Financial and gave the company a "neutral" rating in a report on Monday, July 27th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of WSFS Financial in a research report on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $83.07.
Check Out Our Latest Stock Analysis on WSFS
Insider Buying and Selling
In other WSFS Financial news, CEO Rodger Levenson sold 65,446 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the completion of the transaction, the chief executive officer directly owned 186,088 shares of the company's stock, valued at approximately $13,790,981.68. This trade represents a 26.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $81.74, for a total transaction of $286,090.00. Following the sale, the executive vice president owned 15,207 shares of the company's stock, valued at approximately $1,243,020.18. The trade was a 18.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.
WSFS Financial Price Performance
NASDAQ WSFS opened at $81.14 on Thursday. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 13.57 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84. The stock's fifty day moving average price is $77.60 and its 200 day moving average price is $71.06. WSFS Financial Corporation has a 1 year low of $49.92 and a 1 year high of $82.94.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.16. The company had revenue of $284.70 million during the quarter, compared to analysts' expectations of $278.41 million. WSFS Financial had a return on equity of 11.71% and a net margin of 23.34%.The firm's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 EPS. As a group, equities research analysts forecast that WSFS Financial Corporation will post 6.58 earnings per share for the current year.
WSFS Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. WSFS Financial's payout ratio is 13.38%.
WSFS Financial Profile
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Free Report)
WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.
WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.
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