WSFS Financial Corporation (WSFS) Holdings Lowered by CNA Financial Corp
CNA Financial Corp trimmed its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,631 shares of the bank’s stock after selling 1,256 shares during the quarter. CNA Financial Corp’s holdings in WSFS Financial Corporation were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in WSFS. Ameritas Investment Partners Inc. bought a new stake in shares of WSFS Financial Corporation during the 1st quarter worth about $110,000. Oppenheimer Asset Management Inc. bought a new stake in shares of WSFS Financial Corporation during the 1st quarter worth about $145,000. US Bancorp DE raised 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 in the last quarter. Victory Capital Management Inc. raised 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 in the last quarter. Finally, BNP Paribas Arbitrage SA raised 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 in the last quarter. Institutional investors own 78.42% of the company’s stock.
In other WSFS Financial Corporation news, EVP Peggy H. Eddens sold 8,580 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $44.29, for a total transaction of $380,008.20. Following the sale, the executive vice president now owns 27,659 shares of the company’s stock, valued at approximately $1,225,017.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP S James Mazarakis sold 7,161 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $44.86, for a total transaction of $321,242.46. Following the sale, the executive vice president now directly owns 48,288 shares in the company, valued at approximately $2,166,199.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,240 shares of company stock worth $723,172. Insiders own 4.89% of the company’s stock.
A number of analysts have commented on WSFS shares. BidaskClub upgraded shares of WSFS Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Boenning Scattergood restated a “buy” rating and set a $49.00 price target 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, one has issued a hold rating and three have given a buy rating to the company’s stock. WSFS Financial Corporation has a consensus rating of “Hold” and an average price target of $51.75.
Shares of WSFS Financial Corporation (NASDAQ:WSFS) opened at 44.75 on Thursday. WSFS Financial Corporation has a 12-month low of $31.90 and a 12-month high of $50.55. The company has a market capitalization of $1.41 billion, a P/E ratio of 20.48 and a beta of 1.20. The company has a 50 day moving average of $44.47 and a 200-day moving average of $45.35.
WSFS Financial Corporation (NASDAQ:WSFS) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. WSFS Financial Corporation had a net margin of 19.96% and a return on equity of 10.44%. The firm had revenue of $54.31 million for the quarter, compared to analyst estimates of $54.83 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s revenue was up 17.0% on a year-over-year basis. On average, equities analysts anticipate that WSFS Financial Corporation will post $2.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 9th. WSFS Financial Corporation’s dividend payout ratio is currently 12.73%.
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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