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16,307 Shares in WSFS Financial Co. (NASDAQ:WSFS) Bought by Haverford Trust Co

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Haverford Trust Co acquired a new stake in WSFS Financial Co. (NASDAQ:WSFS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 16,307 shares of the bank's stock, valued at approximately $749,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in shares of WSFS Financial by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,757,216 shares of the bank's stock worth $172,572,000 after purchasing an additional 77,589 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of WSFS Financial by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 641,895 shares of the bank's stock valued at $29,482,000 after buying an additional 28,573 shares during the last quarter. Invesco Ltd. boosted its stake in shares of 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 acquiring an additional 10,343 shares during the period. Earnest Partners LLC increased its holdings in shares of WSFS Financial by 3.3% during the 3rd quarter. Earnest Partners LLC now owns 357,161 shares of the bank's stock worth $13,036,000 after acquiring an additional 11,519 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in WSFS Financial by 44.2% in the 3rd quarter. American Century Companies Inc. now owns 352,093 shares of the bank's stock valued at $12,851,000 after acquiring an additional 107,879 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Stock Performance


WSFS stock traded down $0.11 during midday trading on Friday, reaching $46.37. 158,853 shares of the company were exchanged, compared to its average volume of 268,232. The business has a 50-day moving average price of $44.00 and a two-hundred day moving average price of $42.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 10.35 and a beta of 1.02. WSFS Financial Co. has a one year low of $32.35 and a one year high of $47.97.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. WSFS Financial had a net margin of 20.73% and a return on equity of 11.94%. The firm had revenue of $251.10 million during the quarter, compared to the consensus estimate of $247.57 million. During the same period last year, the business posted $1.02 earnings per share. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts forecast that WSFS Financial Co. will post 4.25 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, May 9th. WSFS Financial's dividend payout ratio is 13.39%.

Insider Transactions at WSFS Financial

In related news, EVP Stephen P. Clark sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $46.61, for a total transaction of $139,830.00. Following the sale, the executive vice president now owns 25,671 shares of the company's stock, valued at $1,196,525.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.29% of the company's stock.

WSFS Financial Company Profile

(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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Institutional Ownership by Quarter for WSFS Financial (NASDAQ:WSFS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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