Cooke & Bieler LP Has $45.10 Million Position in WSFS Financial Co. (NASDAQ:WSFS)

Cooke & Bieler LP trimmed its position in WSFS Financial Co. (NASDAQ:WSFS) by 3.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 959,524 shares of the bank’s stock after selling 35,325 shares during the period. Cooke & Bieler LP’s holdings in WSFS Financial were worth $45,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of WSFS. Hantz Financial Services Inc. bought a new position in WSFS Financial during the second quarter worth $2,664,000. Innealta Capital LLC bought a new position in shares of WSFS Financial during the 2nd quarter worth about $114,000. Louisiana State Employees Retirement System raised its position in shares of WSFS Financial by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank’s stock valued at $1,419,000 after buying an additional 200 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in WSFS Financial during the second quarter worth about $329,000. Finally, Wedge Capital Management L L P NC lifted its position in shares of WSFS Financial by 29.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank’s stock worth $3,871,000 after acquiring an additional 18,636 shares during the period. 88.49% of the stock is owned by institutional investors.

WSFS Financial Trading Down 0.3 %

WSFS traded down $0.14 during mid-day trading on Wednesday, reaching $53.33. The stock had a trading volume of 24,047 shares, compared to its average volume of 268,901. The firm’s fifty day simple moving average is $51.57 and its two-hundred day simple moving average is $46.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $3.16 billion, a P/E ratio of 11.94 and a beta of 1.02. WSFS Financial Co. has a 52 week low of $33.12 and a 52 week high of $58.59.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Thursday, July 25th. The bank reported $1.08 EPS for the quarter, beating the consensus estimate of $1.04 by $0.04. WSFS Financial had a net margin of 20.04% and a return on equity of 11.47%. The company had revenue of $266.00 million during the quarter, compared to analysts’ expectations of $254.48 million. During the same quarter in the previous year, the company posted $1.16 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts predict that WSFS Financial Co. will post 4.33 EPS for the current 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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, August 9th. WSFS Financial’s dividend payout ratio (DPR) is presently 13.39%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, EVP Stephen P. Clark sold 12,663 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $56.52, for a total transaction of $715,712.76. Following the completion of the transaction, 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 owned by company insiders.

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.