Illinois Municipal Retirement Fund Makes New Investment in WSFS Financial Co. (NASDAQ:WSFS)

Illinois Municipal Retirement Fund bought a new stake in WSFS Financial Co. (NASDAQ:WSFSFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 36,069 shares of the bank’s stock, valued at approximately $1,317,000. Illinois Municipal Retirement Fund owned 0.06% of WSFS Financial at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Covestor Ltd increased its holdings in shares of WSFS Financial by 13,180.0% in the 2nd quarter. Covestor Ltd now owns 664 shares of the bank’s stock valued at $25,000 after purchasing an additional 659 shares during the period. Quarry LP acquired a new position in shares of WSFS Financial in the 1st quarter valued at about $36,000. Strs Ohio increased its holdings in shares of WSFS Financial by 71.4% in the 2nd quarter. Strs Ohio now owns 1,200 shares of the bank’s stock valued at $45,000 after purchasing an additional 500 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of WSFS Financial by 385.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,432 shares of the bank’s stock valued at $92,000 after purchasing an additional 1,931 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of WSFS Financial in the 2nd quarter valued at about $152,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insiders Place Their Bets

In other WSFS Financial news, Director Michael J. Donahue sold 3,148 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.30, for a total transaction of $126,864.40. Following the completion of the sale, the director now owns 11,495 shares of the company’s stock, valued at $463,248.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other WSFS Financial news, Director Michael J. Donahue sold 3,148 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.30, for a total transaction of $126,864.40. Following the completion of the sale, the director now owns 11,495 shares of the company’s stock, valued at $463,248.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick Joseph Ward sold 2,227 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $41.50, for a total value of $92,420.50. Following the completion of the sale, the executive vice president now directly owns 139,186 shares of the company’s stock, valued at $5,776,219. The disclosure for this sale can be found here. Company insiders own 1.29% of the company’s stock.

WSFS Financial Trading Up 0.3 %

Shares of NASDAQ WSFS opened at $47.34 on Wednesday. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 10.76 and a beta of 1.06. The business has a 50 day simple moving average of $43.81 and a 200 day simple moving average of $40.55. WSFS Financial Co. has a 52 week low of $29.59 and a 52 week high of $51.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.82 and a current ratio of 0.83.

WSFS Financial (NASDAQ:WSFSGet Free Report) last announced its earnings results on Friday, January 26th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.07. The firm had revenue of $265.33 million during the quarter, compared to analysts’ expectations of $247.56 million. WSFS Financial had a return on equity of 11.96% and a net margin of 21.25%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 earnings per share. On average, research analysts predict that WSFS Financial Co. will post 4.18 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. WSFS Financial’s payout ratio is currently 13.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler upped their target price on WSFS Financial from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. StockNews.com initiated coverage on WSFS Financial in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, WSFS Financial currently has an average rating of “Hold” and an average target price of $44.75.

View Our Latest Analysis on WSFS

About WSFS Financial

(Free Report)

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.

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Institutional Ownership by Quarter for WSFS Financial (NASDAQ:WSFS)

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