WSFS Financial Co. (NASDAQ:WSFS) Stock Position Reduced by Arizona State Retirement System

Arizona State Retirement System decreased its stake in WSFS Financial Co. (NASDAQ:WSFS) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,068 shares of the bank’s stock after selling 428 shares during the period. Arizona State Retirement System’s holdings in WSFS Financial were worth $784,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of WSFS Financial by 0.4% in the 3rd quarter. Royal Bank of Canada now owns 73,862 shares of the bank’s stock worth $2,696,000 after purchasing an additional 284 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of WSFS Financial by 4.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,725 shares of the bank’s stock worth $282,000 after purchasing an additional 316 shares during the last quarter. Diversified Trust Co increased its position in WSFS Financial by 4.6% in the 3rd quarter. Diversified Trust Co now owns 7,877 shares of the bank’s stock valued at $288,000 after acquiring an additional 345 shares during the period. Captrust Financial Advisors increased its position in WSFS Financial by 5.5% in the 2nd quarter. Captrust Financial Advisors now owns 7,427 shares of the bank’s stock valued at $298,000 after acquiring an additional 390 shares during the period. Finally, First Republic Investment Management Inc. increased its position in WSFS Financial by 3.4% in the 4th quarter. First Republic Investment Management Inc. now owns 12,993 shares of the bank’s stock valued at $589,000 after acquiring an additional 430 shares during the period. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Down 0.3 %

WSFS opened at $41.74 on Thursday. WSFS Financial Co. has a 12 month low of $29.59 and a 12 month high of $47.97. 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 has a market cap of $2.51 billion, a P/E ratio of 9.49 and a beta of 1.03. The stock’s 50 day moving average price is $42.89 and its 200 day moving average price is $41.62.

WSFS Financial (NASDAQ:WSFS) last posted its 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. The firm had revenue of $265.33 million for the quarter, compared to analysts’ expectations 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 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, research analysts predict that WSFS Financial Co. will post 4.19 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Arthur J. Bacci sold 15,992 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.79, for a total value of $748,265.68. Following the completion of the sale, the executive vice president now owns 20,990 shares of the company’s stock, valued at $982,122.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.21% of the company’s stock.

WSFS Financial Company 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.