WSFS Financial Co. (NASDAQ:WSFS) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in shares of WSFS Financial Co. (NASDAQ:WSFSFree Report) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,054 shares of the bank’s stock after purchasing an additional 11,472 shares during the period. Wellington Management Group LLP owned 0.37% of WSFS Financial worth $8,214,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of WSFS Financial by 34.8% in the 1st quarter. BlackRock Inc. now owns 9,464,621 shares of the bank’s stock valued at $441,240,000 after acquiring an additional 2,442,621 shares during the period. Vanguard Group Inc. increased its position in shares of WSFS Financial by 16.2% in the 1st quarter. Vanguard Group Inc. now owns 7,112,476 shares of the bank’s stock valued at $331,584,000 after acquiring an additional 992,425 shares during the period. State Street Corp increased its position in shares of WSFS Financial by 11.6% in the 1st quarter. State Street Corp now owns 2,930,306 shares of the bank’s stock valued at $110,209,000 after acquiring an additional 304,198 shares during the period. Franklin Resources Inc. increased its position in shares of WSFS Financial by 8.6% in the 2nd quarter. Franklin Resources Inc. now owns 2,568,967 shares of the bank’s stock valued at $96,901,000 after acquiring an additional 202,495 shares during the period. Finally, Invesco Ltd. increased its position in shares of WSFS Financial by 7.0% in the 1st quarter. Invesco Ltd. now owns 1,369,339 shares of the bank’s stock valued at $63,838,000 after acquiring an additional 89,948 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Price Performance

NASDAQ WSFS opened at $43.53 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s fifty day moving average price is $43.29 and its 200 day moving average price is $40.84. WSFS Financial Co. has a 1 year low of $29.59 and a 1 year high of $47.97. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 9.89 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFSGet Free Report) last posted its quarterly earnings results on Friday, January 26th. The bank reported $1.15 EPS for the quarter, beating the consensus estimate of $1.08 by $0.07. WSFS Financial had a net margin of 21.25% and a return on equity of 11.96%. The company had revenue of $265.33 million for the quarter, compared to analyst estimates of $247.56 million. During the same period in the prior year, the company earned $1.38 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that WSFS Financial Co. will post 4.18 earnings per share for the current year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 8th. WSFS Financial’s payout ratio is 13.64%.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, EVP Arthur J. Bacci sold 15,992 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.79, for a total value of $748,265.68. Following the sale, the executive vice president now directly owns 20,990 shares of the company’s stock, valued at $982,122.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.29% of the stock is owned by corporate 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.

See Also

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

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