Diversified Trust Co Acquires 3,280 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Diversified Trust Co lifted its stake in WSFS Financial Co. (NASDAQ:WSFSFree Report) by 41.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,157 shares of the bank’s stock after buying an additional 3,280 shares during the period. Diversified Trust Co’s holdings in WSFS Financial were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in WSFS. International Assets Investment Management LLC lifted its stake in WSFS Financial by 1,032.9% during the fourth quarter. International Assets Investment Management LLC now owns 827 shares of the bank’s stock worth $38,000 after purchasing an additional 754 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of WSFS Financial during the 4th quarter worth $54,000. TFO Wealth Partners LLC lifted its position in shares of WSFS Financial by 115,450.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,311 shares of the bank’s stock worth $106,000 after buying an additional 2,309 shares during the last quarter. Affinity Wealth Management LLC acquired a new stake in WSFS Financial in the fourth quarter valued at about $211,000. Finally, Los Angeles Capital Management LLC bought a new position in WSFS Financial in the fourth quarter valued at about $212,000. 88.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on WSFS Financial

WSFS Financial Stock Performance

Shares of WSFS Financial stock opened at $46.48 on Thursday. The company’s 50 day moving average price is $44.77 and its two-hundred day moving average price is $44.16. The firm has a market capitalization of $2.79 billion, a P/E ratio of 10.38 and a beta of 1.02. WSFS Financial Co. has a fifty-two week low of $33.12 and a fifty-two 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.

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

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.29%. WSFS Financial’s dividend payout ratio is presently 13.39%.

Insiders Place Their Bets

In other news, EVP Stephen P. Clark sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $46.61, for a total transaction of $139,830.00. Following the completion of the transaction, the executive vice president now owns 25,671 shares of the company’s stock, valued at $1,196,525.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.21% of the company’s stock.

WSFS Financial 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.

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

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