BNP Paribas Financial Markets Has $915,000 Position in WSFS Financial Co. (NASDAQ:WSFS)

BNP Paribas Financial Markets lessened its stake in shares of WSFS Financial Co. (NASDAQ:WSFSFree Report) by 36.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,922 shares of the bank’s stock after selling 11,267 shares during the period. BNP Paribas Financial Markets’ holdings in WSFS Financial were worth $915,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in WSFS Financial by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 641,895 shares of the bank’s stock valued at $29,482,000 after buying an additional 28,573 shares during the last quarter. Invesco Ltd. boosted its holdings in WSFS Financial by 1.7% during the third quarter. Invesco Ltd. now owns 611,641 shares of the bank’s stock valued at $22,325,000 after acquiring an additional 10,343 shares during the period. Earnest Partners LLC grew its position in shares of WSFS Financial by 3.3% in the third quarter. Earnest Partners LLC now owns 357,161 shares of the bank’s stock valued at $13,036,000 after purchasing an additional 11,519 shares during the last quarter. American Century Companies Inc. increased its stake in shares of WSFS Financial by 44.2% in the third quarter. American Century Companies Inc. now owns 352,093 shares of the bank’s stock worth $12,851,000 after purchasing an additional 107,879 shares during the period. Finally, Eagle Asset Management Inc. lifted its position in shares of WSFS Financial by 0.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 287,315 shares of the bank’s stock worth $10,487,000 after purchasing an additional 1,493 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stephen P. Clark sold 3,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $46.61, for a total value of $139,830.00. Following the completion of the transaction, the executive vice president now owns 25,671 shares in the company, valued at approximately $1,196,525.31. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.21% of the company’s stock.

WSFS Financial Stock Performance

NASDAQ WSFS opened at $42.67 on Thursday. The company’s fifty day moving average is $44.29 and its two-hundred day moving average is $43.43. WSFS Financial Co. has a 52-week low of $32.76 and a 52-week high of $47.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 9.55 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFSGet Free Report) last released its earnings results on Thursday, April 25th. The bank reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The business had revenue of $251.10 million for the quarter, compared to the consensus estimate of $247.57 million. WSFS Financial had a return on equity of 11.94% and a net margin of 20.73%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.02 earnings per share. Equities research analysts forecast that WSFS Financial Co. will post 4.27 EPS for the current year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.41%. WSFS Financial’s dividend payout ratio (DPR) is currently 13.39%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised their target price on WSFS Financial from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd.

Read Our Latest Research Report on WSFS Financial

WSFS Financial Company Profile

(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.

Further Reading

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

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