New York State Teachers Retirement System Buys 1,475 Shares of WSFS Financial Co. (NASDAQ:WSFS)

New York State Teachers Retirement System lifted its stake in WSFS Financial Co. (NASDAQ:WSFS) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,115 shares of the bank’s stock after buying an additional 1,475 shares during the quarter. New York State Teachers Retirement System’s holdings in WSFS Financial were worth $1,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WSFS. International Assets Investment Management LLC lifted its stake in WSFS Financial by 1,032.9% in the 4th quarter. International Assets Investment Management LLC now owns 827 shares of the bank’s stock worth $38,000 after purchasing an additional 754 shares in the last quarter. AlphaMark Advisors LLC bought a new position in shares of WSFS Financial in the 4th quarter valued at about $303,000. Assenagon Asset Management S.A. lifted its holdings 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 last quarter. Raymond James & Associates grew its position in WSFS Financial by 9.2% in the fourth quarter. Raymond James & Associates now owns 104,803 shares of the bank’s stock worth $4,814,000 after acquiring an additional 8,796 shares in the last quarter. Finally, Mutual Advisors LLC purchased a new position in shares of WSFS Financial in the 4th quarter worth approximately $233,000. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Price Performance

WSFS Financial stock opened at $41.74 on Thursday. The firm has a market capitalization of $2.51 billion, a PE ratio of 9.49 and a beta of 1.03. WSFS Financial Co. has a 12-month low of $29.59 and a 12-month high of $47.97. The firm has a 50-day moving average price of $42.89 and a 200-day moving average price of $41.62. 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 (NASDAQ:WSFS) last issued 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. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The firm had revenue of $265.33 million for the quarter, compared to the consensus estimate of $247.56 million. During the same period in the prior year, the business posted $1.38 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that WSFS Financial Co. will post 4.19 EPS for the current year.

Insider Activity

In other news, EVP Arthur J. Bacci sold 15,992 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.79, for a total value of $748,265.68. Following the transaction, the executive vice president now directly owns 20,990 shares in the company, valued at $982,122.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.21% of the company’s stock.

WSFS Financial Profile

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.