Westover Capital Advisors LLC Has $272,000 Holdings in WSFS Financial Corporation (WSFS)
Westover Capital Advisors LLC held its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,000 shares of the bank’s stock at the end of the 2nd quarter. Westover Capital Advisors LLC’s holdings in WSFS Financial Corporation were worth $272,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of WSFS Financial Corporation during the 1st quarter worth $110,000. Oppenheimer Asset Management Inc. bought a new stake in shares of WSFS Financial Corporation during the 1st quarter worth $145,000. US Bancorp DE lifted its position in shares of WSFS Financial Corporation by 12.7% during the 1st quarter. US Bancorp DE now owns 3,290 shares of the bank’s stock worth $151,000 after buying an additional 371 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of WSFS Financial Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,977 shares of the bank’s stock worth $180,000 after buying an additional 596 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of WSFS Financial Corporation by 601.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,005 shares of the bank’s stock worth $182,000 after buying an additional 3,434 shares during the last quarter. Institutional investors and hedge funds own 78.40% of the company’s stock.
In other WSFS Financial Corporation news, EVP S James Mazarakis sold 7,161 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $44.86, for a total value of $321,242.46. Following the completion of the sale, the executive vice president now owns 48,288 shares of the company’s stock, valued at $2,166,199.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Peggy H. Eddens sold 8,580 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $44.29, for a total transaction of $380,008.20. Following the completion of the sale, the executive vice president now directly owns 27,659 shares of the company’s stock, valued at approximately $1,225,017.11. The disclosure for this sale can be found here. In the last three months, insiders sold 16,240 shares of company stock valued at $723,172. 4.89% of the stock is owned by insiders.
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Several analysts recently weighed in on WSFS shares. BidaskClub downgraded WSFS Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Boenning Scattergood restated a “buy” rating and set a $49.00 price objective on shares of WSFS Financial Corporation in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $51.33.
Shares of WSFS Financial Corporation (WSFS) traded up 1.22% during mid-day trading on Friday, hitting $49.65. The company had a trading volume of 55,771 shares. The company’s 50-day moving average is $45.59 and its 200 day moving average is $45.52. WSFS Financial Corporation has a one year low of $31.90 and a one year high of $50.55. The company has a market capitalization of $1.56 billion, a PE ratio of 22.72 and a beta of 1.22.
WSFS Financial Corporation (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The business had revenue of $54.31 million during the quarter, compared to the consensus estimate of $54.83 million. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.44%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. On average, equities research analysts forecast that WSFS Financial Corporation will post $2.56 EPS for the current fiscal year.
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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