Texas Permanent School Fund Corp Decreases Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

Texas Permanent School Fund Corp cut its position in WSFS Financial Co. (NASDAQ:WSFS) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,289 shares of the bank’s stock after selling 3,693 shares during the quarter. Texas Permanent School Fund Corp owned about 0.08% of WSFS Financial worth $2,317,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new position in shares of WSFS Financial in the first quarter valued at $45,000. GAMMA Investing LLC increased its position in shares of WSFS Financial by 40.5% during the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock valued at $48,000 after buying an additional 295 shares during the period. TFO Wealth Partners LLC lifted its holdings in shares of WSFS Financial by 115,450.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,311 shares of the bank’s stock worth $106,000 after buying an additional 2,309 shares in the last quarter. Innealta Capital LLC bought a new position in shares of WSFS Financial in the second quarter valued at approximately $114,000. Finally, SG Americas Securities LLC purchased a new position in WSFS Financial during the first quarter valued at approximately $298,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Insiders Place Their Bets

In other WSFS Financial news, EVP Stephen P. Clark sold 12,663 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $56.52, for a total value of $715,712.76. Following the completion of the sale, the executive vice president now owns 25,671 shares in the company, valued at $1,450,924.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WSFS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of WSFS Financial from $53.00 to $61.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. DA Davidson upped their target price on WSFS Financial from $59.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Stephens lifted their price target on WSFS Financial from $54.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Finally, Piper Sandler upped their price objective on shares of WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.50.

WSFS Financial Trading Up 0.5 %

NASDAQ WSFS opened at $52.24 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.46. The stock’s 50-day simple moving average is $52.38 and its two-hundred day simple moving average is $47.04. WSFS Financial Co. has a twelve month low of $33.12 and a twelve month high of $58.59. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 11.60 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The company had revenue of $266.00 million for the quarter, compared to analysts’ expectations of $254.48 million. WSFS Financial had a return on equity of 11.47% and a net margin of 20.04%. WSFS Financial’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.16 EPS. Research analysts forecast that WSFS Financial Co. will post 4.33 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. WSFS Financial’s dividend payout ratio (DPR) is 13.39%.

WSFS Financial Company Profile

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.