BlackRock Inc. Purchases 191,758 Shares of WSFS Financial Co. (WSFS)

BlackRock Inc. boosted its position in WSFS Financial Co. (NASDAQ:WSFS) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,341,196 shares of the bank’s stock after acquiring an additional 191,758 shares during the period. BlackRock Inc. owned 7.46% of WSFS Financial worth $88,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jennison Associates LLC raised its position in WSFS Financial by 2.0% in the 4th quarter. Jennison Associates LLC now owns 16,320 shares of the bank’s stock valued at $619,000 after buying an additional 323 shares during the last quarter. Prudential Financial Inc. increased its position in shares of WSFS Financial by 4.1% during the 4th quarter. Prudential Financial Inc. now owns 10,790 shares of the bank’s stock worth $409,000 after purchasing an additional 427 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of WSFS Financial by 39.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,450 shares of the bank’s stock worth $93,000 after purchasing an additional 697 shares during the last quarter. Pearl River Capital LLC acquired a new position in shares of WSFS Financial during the 4th quarter worth approximately $48,000. Finally, Bank of New York Mellon Corp increased its position in shares of WSFS Financial by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 176,378 shares of the bank’s stock worth $8,316,000 after purchasing an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

In other news, Director Mark A. Turner sold 14,335 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $45.02, for a total transaction of $645,361.70. Following the completion of the transaction, the director now owns 155,205 shares of the company’s stock, valued at approximately $6,987,329.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.42% of the stock is currently owned by insiders.

WSFS traded down $0.18 during trading on Friday, hitting $42.05. The stock had a trading volume of 189,776 shares, compared to its average volume of 213,726. The company has a market capitalization of $1.32 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.97 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.95. WSFS Financial Co. has a one year low of $33.75 and a one year high of $57.70.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Tuesday, January 22nd. The bank reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. WSFS Financial had a return on equity of 14.60% and a net margin of 29.58%. The firm had revenue of $102.86 million during the quarter, compared to the consensus estimate of $98.34 million. Equities analysts anticipate that WSFS Financial Co. will post 3.63 earnings per share for the current fiscal year.

Several brokerages have recently commented on WSFS. Zacks Investment Research downgraded WSFS Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. BidaskClub upgraded WSFS Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 13th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of WSFS Financial in a research note on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $58.67.

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About WSFS Financial

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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.

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

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