Louisiana State Employees Retirement System Purchases New Position in WSFS Financial Co. (NASDAQ:WSFS)

Louisiana State Employees Retirement System purchased a new stake in WSFS Financial Co. (NASDAQ:WSFS) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 30,400 shares of the bank’s stock, valued at approximately $1,396,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in WSFS Financial in the first quarter valued at approximately $36,000. International Assets Investment Management LLC boosted its holdings in WSFS Financial by 1,032.9% in the fourth quarter. International Assets Investment Management LLC now owns 827 shares of the bank’s stock valued at $38,000 after purchasing an additional 754 shares in the last quarter. Covestor Ltd boosted its holdings in WSFS Financial by 77.7% in the third quarter. Covestor Ltd now owns 1,180 shares of the bank’s stock valued at $43,000 after purchasing an additional 516 shares in the last quarter. Quantbot Technologies LP acquired a new position in WSFS Financial in the third quarter valued at approximately $66,000. Finally, Tower Research Capital LLC TRC boosted its holdings in WSFS Financial by 146.3% in the third quarter. Tower Research Capital LLC TRC now owns 2,549 shares of the bank’s stock valued at $93,000 after purchasing an additional 1,514 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Arthur J. Bacci sold 15,992 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.79, for a total transaction of $748,265.68. Following the completion of the sale, the executive vice president now owns 20,990 shares in the company, valued at $982,122.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.21% of the company’s stock.

WSFS Financial Stock Performance

Shares of WSFS opened at $43.27 on Monday. The stock has a 50 day moving average price of $42.91 and a 200 day moving average price of $41.75. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 9.83 and a beta of 1.03. WSFS Financial Co. has a 52-week low of $29.59 and a 52-week high of $47.97.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Friday, January 26th. The bank reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.07. The business had revenue of $265.33 million during 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 company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 earnings per share. Research analysts predict that WSFS Financial Co. will post 4.19 EPS for the current fiscal year.

About WSFS Financial

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.