Mirae Asset Global Investments Co. Ltd. Increases Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,880 shares of the bank’s stock after acquiring an additional 538 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in WSFS Financial were worth $1,281,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in shares of WSFS Financial by 169.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 205,025 shares of the bank’s stock worth $9,417,000 after acquiring an additional 128,834 shares during the period. Great Lakes Advisors LLC lifted its holdings in WSFS Financial by 93.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 38,389 shares of the bank’s stock valued at $1,401,000 after purchasing an additional 18,546 shares in the last quarter. Invesco Ltd. lifted its stake in shares of WSFS Financial by 1.7% in the third quarter. Invesco Ltd. now owns 611,641 shares of the bank’s stock worth $22,325,000 after buying an additional 10,343 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of WSFS Financial during the 3rd quarter worth approximately $1,317,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in WSFS Financial by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 613,322 shares of the bank’s stock worth $22,386,000 after buying an additional 27,106 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Stock Performance

WSFS Financial stock opened at $43.90 on Tuesday. WSFS Financial Co. has a 1-year low of $29.59 and a 1-year 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 $2.64 billion, a price-to-earnings ratio of 9.98 and a beta of 1.03. The firm has a 50 day simple moving average of $42.94 and a 200-day simple moving average of $41.80.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Friday, January 26th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.07. The company had revenue of $265.33 million for the quarter, compared to analyst estimates of $247.56 million. WSFS Financial had a net margin of 21.25% and a return on equity of 11.96%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 earnings per share. On average, analysts expect that WSFS Financial Co. will post 4.19 EPS for the current year.

Insider Buying and Selling at WSFS Financial

In other WSFS Financial news, EVP Arthur J. Bacci sold 15,992 shares of the business’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 transaction, the executive vice president now directly owns 20,990 shares of the company’s stock, valued at approximately $982,122.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.21% of the stock is currently owned by insiders.

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.