WSFS Financial Co. (NASDAQ:WSFS) Stock Position Decreased by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,363 shares of the bank’s stock after selling 672 shares during the quarter. State of Alaska Department of Revenue’s holdings in WSFS Financial were worth $1,716,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Quarry LP bought a new position in WSFS Financial during the 1st quarter worth $36,000. Covestor Ltd increased its holdings in shares of WSFS Financial by 77.7% in the 3rd quarter. Covestor Ltd now owns 1,180 shares of the bank’s stock worth $43,000 after acquiring an additional 516 shares during the period. Quantbot Technologies LP bought a new stake in WSFS Financial in the 3rd quarter valued at about $66,000. Tower Research Capital LLC TRC lifted its position in WSFS Financial by 146.3% in the 3rd 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 during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in WSFS Financial during the 2nd quarter valued at about $152,000. Institutional investors own 88.49% of the company’s stock.

Insider Buying and Selling at WSFS Financial

In related news, EVP Arthur J. Bacci sold 15,992 shares of the business’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 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 filing with the SEC, which is available through the SEC website. 1.29% of the stock is owned by corporate insiders.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS opened at $43.25 on Friday. The firm’s 50 day moving average is $43.06 and its two-hundred day moving average is $41.24. The firm has a market capitalization of $2.60 billion, a P/E ratio of 9.83 and a beta of 1.03. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. 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 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. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The firm had revenue of $265.33 million for the quarter, compared to analysts’ expectations of $247.56 million. During the same period last year, the firm earned $1.38 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that WSFS Financial Co. will post 4.19 earnings per share for the current year.

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, February 8th. WSFS Financial’s payout ratio is currently 13.64%.

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.