Cooke & Bieler LP trimmed its position in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,023,909 shares of the bank's stock after selling 19,670 shares during the period. Cooke & Bieler LP owned 1.69% of WSFS Financial worth $47,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of WSFS Financial by 7,791.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 166,426 shares of the bank's stock valued at $7,644,000 after acquiring an additional 164,317 shares during the period. Assenagon Asset Management S.A. increased its position in shares of WSFS Financial by 169.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 205,025 shares of the bank's stock valued at $9,417,000 after acquiring an additional 128,834 shares during the period. Great Lakes Advisors LLC grew its position in WSFS Financial by 93.5% during the 3rd quarter. Great Lakes Advisors LLC now owns 38,389 shares of the bank's stock worth $1,401,000 after purchasing an additional 18,546 shares during the period. Invesco Ltd. grew its position in WSFS Financial by 1.7% during the 3rd quarter. Invesco Ltd. now owns 611,641 shares of the bank's stock worth $22,325,000 after purchasing an additional 10,343 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in WSFS Financial during the 3rd quarter worth about $1,317,000. 88.49% of the stock is owned by institutional investors and hedge funds.
WSFS Financial Stock Performance
WSFS traded up $1.42 during midday trading on Friday, hitting $43.27. 270,200 shares of the company were exchanged, compared to its average volume of 197,337. The company's 50 day simple moving average is $42.91 and its 200 day simple moving average is $41.75. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 9.83 and a beta of 1.03. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. WSFS Financial Co. has a 1-year low of $29.59 and a 1-year high of $47.97.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings results on Friday, January 26th. The bank reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.07. The company had revenue of $265.33 million for the quarter, compared to the consensus estimate of $247.56 million. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $1.38 EPS. As a group, sell-side analysts predict that WSFS Financial Co. will post 4.19 earnings per share for the current year.
Insiders Place Their Bets
In other WSFS Financial news, EVP Arthur J. Bacci sold 15,992 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.79, for a total transaction of $748,265.68. Following the sale, the executive vice president now directly owns 20,990 shares of the company's stock, valued at approximately $982,122.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.29% of the stock is owned by insiders.
About WSFS Financial
(
Free Report)
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.
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