Brown Brothers Harriman & Co. Maintains Position in WSFS Financial Corporation (WSFS)
Brown Brothers Harriman & Co. held its stake in WSFS Financial Corporation (NASDAQ:WSFS) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 49,047 shares of the company’s stock at the end of the third quarter. Brown Brothers Harriman & Co. owned about 0.16% of WSFS Financial Corporation worth $1,790,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of WSFS. Two Sigma Advisers LP boosted its position in WSFS Financial Corporation by 70.0% in the third quarter. Two Sigma Advisers LP now owns 54,903 shares of the company’s stock worth $2,003,000 after buying an additional 22,600 shares during the last quarter. KCG Holdings Inc. boosted its position in WSFS Financial Corporation by 35.7% in the third quarter. KCG Holdings Inc. now owns 10,858 shares of the company’s stock worth $396,000 after buying an additional 2,854 shares during the last quarter. Citadel Advisors LLC bought a new position in WSFS Financial Corporation during the third quarter worth $367,000. Morgan Stanley boosted its position in WSFS Financial Corporation by 7.4% in the third quarter. Morgan Stanley now owns 124,149 shares of the company’s stock worth $4,530,000 after buying an additional 8,522 shares during the last quarter. Finally, Northern Trust Corp boosted its position in WSFS Financial Corporation by 2.6% in the third quarter. Northern Trust Corp now owns 963,070 shares of the company’s stock worth $35,143,000 after buying an additional 24,674 shares during the last quarter. 74.20% of the stock is owned by institutional investors and hedge funds.
WSFS Financial Corporation (NASDAQ:WSFS) traded up 0.28% during midday trading on Friday, reaching $45.30. 208,765 shares of the company’s stock were exchanged. WSFS Financial Corporation has a 52 week low of $26.40 and a 52 week high of $47.65. The firm has a market capitalization of $1.42 billion, a P/E ratio of 23.10 and a beta of 1.24. The stock’s 50 day moving average is $44.84 and its 200 day moving average is $38.00.
WSFS Financial Corporation (NASDAQ:WSFS) last released its earnings results on Thursday, October 27th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.10. WSFS Financial Corporation had a net margin of 19.56% and a return on equity of 10.75%. The company earned $46 million during the quarter, compared to analysts’ expectations of $50.03 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. WSFS Financial Corporation’s revenue for the quarter was up 54.9% compared to the same quarter last year. On average, analysts expect that WSFS Financial Corporation will post $2.11 EPS for the current fiscal year.
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WSFS has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, January 3rd. Stephens raised shares of WSFS Financial Corporation from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 21st. Finally, Keefe, Bruyette & Woods raised shares of WSFS Financial Corporation from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $37.00 to $38.00 in a research report on Monday, October 31st.
In other WSFS Financial Corporation news, EVP Paul D. Geraghty sold 3,772 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $40.53, for a total transaction of $152,879.16. Following the completion of the sale, the executive vice president now directly owns 31,699 shares in the company, valued at $1,284,760.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rodger Levenson sold 45,024 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $40.89, for a total transaction of $1,841,031.36. Following the sale, the executive vice president now owns 55,297 shares of the company’s stock, valued at $2,261,094.33. The disclosure for this sale can be found here. 4.17% of the stock is currently owned by corporate insiders.
WSFS Financial Corporation Company Profile
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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