BNP Paribas Arbitrage SA Acquires 10,307 Shares of WSFS Financial Co. (WSFS)

BNP Paribas Arbitrage SA raised its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 931.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 11,414 shares of the bank’s stock after acquiring an additional 10,307 shares during the period. BNP Paribas Arbitrage SA’s holdings in WSFS Financial were worth $441,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in WSFS Financial by 8.9% in the 4th quarter. BlackRock Inc. now owns 2,341,196 shares of the bank’s stock worth $88,757,000 after purchasing an additional 191,758 shares during the period. Vanguard Group Inc boosted its stake in WSFS Financial by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 1,477,481 shares of the bank’s stock worth $69,664,000 after purchasing an additional 14,763 shares during the period. Vanguard Group Inc. boosted its stake in WSFS Financial by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,477,481 shares of the bank’s stock worth $69,664,000 after purchasing an additional 14,763 shares during the period. Macquarie Group Ltd. boosted its stake in WSFS Financial by 9.9% in the 4th quarter. Macquarie Group Ltd. now owns 1,448,624 shares of the bank’s stock worth $54,917,000 after purchasing an additional 130,328 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in WSFS Financial by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,361,132 shares of the bank’s stock worth $51,600,000 after purchasing an additional 64,474 shares during the period. Institutional investors own 92.02% of the company’s stock.

In other news, CEO Rodger Levenson sold 13,981 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $42.95, for a total transaction of $600,483.95. Following the completion of the transaction, the chief executive officer now directly owns 70,152 shares in the company, valued at approximately $3,013,028.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark A. Turner sold 65,736 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $42.85, for a total transaction of $2,816,787.60. Following the transaction, the director now owns 162,243 shares of the company’s stock, valued at $6,952,112.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 265,981 shares of company stock valued at $11,437,502. Company insiders own 2.42% of the company’s stock.

WSFS has been the subject of a number of research analyst reports. Boenning Scattergood reaffirmed a “buy” rating and issued a $47.75 target price on shares of WSFS Financial in a research note on Friday, April 26th. Stephens set a $51.00 target price on shares of WSFS Financial and gave the stock a “buy” rating in a research note on Thursday, February 28th. Zacks Investment Research raised shares of WSFS Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, BidaskClub raised shares of WSFS Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $55.94.

WSFS Financial stock opened at $41.67 on Friday. WSFS Financial Co. has a one year low of $33.75 and a one year high of $57.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market cap of $1.31 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.96 and a beta of 1.15.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $0.91 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.91. WSFS Financial had a net margin of 22.95% and a return on equity of 12.03%. The company had revenue of $124.44 million during the quarter, compared to the consensus estimate of $125.86 million. On average, sell-side analysts expect that WSFS Financial Co. will post 3.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from WSFS Financial’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, May 8th. WSFS Financial’s dividend payout ratio is currently 13.52%.

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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. 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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