Public Sector Pension Investment Board Has $11.77 Million Stock Position in WSFS Financial Corporation $WSFS

Public Sector Pension Investment Board increased its stake in WSFS Financial Corporation (NASDAQ:WSFS) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,282 shares of the bank’s stock after buying an additional 24,691 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.39% of WSFS Financial worth $11,772,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WSFS. First Horizon Corp acquired a new stake in WSFS Financial in the third quarter valued at $31,000. CWM LLC raised its holdings in shares of WSFS Financial by 31.2% in the 2nd quarter. CWM LLC now owns 920 shares of the bank’s stock valued at $51,000 after purchasing an additional 219 shares during the period. EverSource Wealth Advisors LLC lifted its stake in WSFS Financial by 265.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the bank’s stock valued at $53,000 after purchasing an additional 706 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in WSFS Financial by 17.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after purchasing an additional 212 shares during the period. Finally, GAMMA Investing LLC grew its holdings in WSFS Financial by 14.4% during the third quarter. GAMMA Investing LLC now owns 1,939 shares of the bank’s stock worth $105,000 after purchasing an additional 244 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WSFS. Zacks Research raised WSFS Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. DA Davidson cut WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. TD Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 28th. Keefe, Bruyette & Woods upped their price objective on shares of WSFS Financial from $63.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Finally, Piper Sandler increased their price objective on shares of WSFS Financial from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Insiders Place Their Bets

In related news, EVP Shari Kruzinski sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $70.10, for a total value of $70,100.00. Following the completion of the sale, the executive vice president directly owned 14,740 shares in the company, valued at approximately $1,033,274. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Arthur J. Bacci sold 2,005 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $70.51, for a total value of $141,372.55. Following the sale, the executive vice president directly owned 26,366 shares in the company, valued at $1,859,066.66. This represents a 7.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,455 shares of company stock worth $242,923 in the last quarter. 1.21% of the stock is currently owned by corporate insiders.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $66.80 on Monday. The stock has a 50 day simple moving average of $59.70 and a 200 day simple moving average of $56.58. The stock has a market cap of $3.65 billion, a P/E ratio of 13.10 and a beta of 0.79. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $71.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The firm had revenue of $90.08 million for the quarter, compared to analysts’ expectations of $267.36 million. During the same quarter last year, the business earned $1.11 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts anticipate that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.17 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.68 annualized dividend and a yield of 1.0%. WSFS Financial’s payout ratio is 13.33%.

WSFS Financial Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.