WSFS Financial Corporation $WSFS Stock Sold by Cooke & Bieler LP

Cooke & Bieler LP lowered its position in WSFS Financial Corporation (NASDAQ:WSFS) by 5.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 313,020 shares of the bank’s stock after selling 17,320 shares during the period. Cooke & Bieler LP owned about 0.61% of WSFS Financial worth $23,655,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WSFS. BlackRock Inc. acquired a new stake in shares of WSFS Financial during the 2nd quarter valued at about $576,695,000. Pzena Investment Management LLC purchased a new position in shares of WSFS Financial in the 2nd quarter valued at about $68,174,000. Bank of America Corp DE increased its stake in shares of WSFS Financial by 11.4% in the 1st quarter. Bank of America Corp DE now owns 737,587 shares of the bank’s stock valued at $48,282,000 after purchasing an additional 75,283 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of WSFS Financial in the 2nd quarter valued at about $40,024,000. Finally, Principal Financial Group Inc. raised its holdings in WSFS Financial by 64.0% in the 1st quarter. Principal Financial Group Inc. now owns 427,481 shares of the bank’s stock worth $27,983,000 after purchasing an additional 166,837 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Stock Performance

WSFS opened at $76.81 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 12.84 and a beta of 0.84. WSFS Financial Corporation has a 52-week low of $50.79 and a 52-week high of $82.94. The firm’s fifty day simple moving average is $78.08 and its two-hundred day simple moving average is $75.67.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Thursday, July 23rd. The bank reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.16. WSFS Financial had a net margin of 23.34% and a return on equity of 11.71%. The business had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $278.41 million. During the same quarter in the previous year, the company earned $1.27 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts anticipate that WSFS Financial Corporation will post 6.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WSFS shares. Weiss Ratings upgraded WSFS Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 31st. DA Davidson set a $83.00 price objective on WSFS Financial and gave the company a “neutral” rating in a report on Monday, July 27th. TD Cowen dropped their price objective on WSFS Financial from $92.00 to $89.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Piper Sandler restated a “neutral” rating and issued a $90.00 price objective (up from $80.00) on shares of WSFS Financial in a research report on Monday, August 3rd. Finally, Stephens downgraded WSFS Financial from an “overweight” rating to an “equal weight” rating and set a $87.00 target price for the company. in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $84.07.

Insider Transactions at WSFS Financial

In related news, EVP Shari Kruzinski sold 3,500 shares of WSFS Financial stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $81.74, for a total value of $286,090.00. Following the sale, the executive vice president directly owned 15,207 shares in the company, valued at approximately $1,243,020.18. The trade was a 18.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Donahue sold 3,247 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $79.46, for a total value of $258,006.62. Following the sale, the director owned 11,495 shares of the company’s stock, valued at approximately $913,392.70. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

WSFS Financial Company Profile

WSFS Financial Corporation is the financial holding company for WSFS Bank, a full-service community banking institution headquartered in Wilmington, Delaware. Founded in 1832, WSFS is one of the oldest and largest locally managed banks in the Delaware Valley.

WSFS Bank provides a range of banking services for individuals, families, businesses and institutions. Its offerings include checking and savings accounts, consumer lending, residential mortgages, commercial loans, treasury and cash-management services, and online and mobile banking.