Penn Capital Management Co. Inc. Sells 2,805 Shares of WSFS Financial Co. (WSFS)

Penn Capital Management Co. Inc. decreased its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 271,365 shares of the bank’s stock after selling 2,805 shares during the period. Penn Capital Management Co. Inc. owned approximately 0.86% of WSFS Financial worth $13,003,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. increased its stake in WSFS Financial by 10.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,653 shares of the bank’s stock valued at $120,000 after buying an additional 256 shares during the period. Parametric Portfolio Associates LLC increased its stake in WSFS Financial by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,659 shares of the bank’s stock valued at $2,660,000 after buying an additional 488 shares during the period. Victory Capital Management Inc. increased its stake in WSFS Financial by 25.3% during the 3rd quarter. Victory Capital Management Inc. now owns 4,984 shares of the bank’s stock valued at $243,000 after buying an additional 1,007 shares during the period. Jennison Associates LLC increased its stake in WSFS Financial by 0.5% during the 3rd quarter. Jennison Associates LLC now owns 193,605 shares of the bank’s stock valued at $9,438,000 after buying an additional 1,027 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in WSFS Financial by 3.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 32,366 shares of the bank’s stock valued at $1,578,000 after buying an additional 1,193 shares during the period. 80.10% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on WSFS. Merion Capital Group raised their target price on shares of WSFS Financial from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. BidaskClub raised shares of WSFS Financial from a “strong sell” rating to a “sell” rating in a research note on Thursday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 target price on shares of WSFS Financial in a research note on Tuesday, October 24th. DA Davidson raised their target price on shares of WSFS Financial to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill reissued a “buy” rating and set a $57.00 target price on shares of WSFS Financial in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. WSFS Financial presently has an average rating of “Hold” and an average price target of $56.00.

WSFS Financial Co. (NASDAQ:WSFS) opened at $49.45 on Friday. The stock has a market cap of $1,544.19, a P/E ratio of 19.13, a PEG ratio of 1.23 and a beta of 1.22. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. WSFS Financial Co. has a 52 week low of $42.45 and a 52 week high of $53.00.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The company had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $57.89 million. WSFS Financial had a net margin of 15.70% and a return on equity of 11.46%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. research analysts expect that WSFS Financial Co. will post 3.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.36 annualized dividend and a dividend yield of 0.73%. WSFS Financial’s dividend payout ratio is currently 19.46%.

In other news, EVP Patrick Joseph Ward sold 2,070 shares of WSFS Financial stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.52, for a total value of $100,436.40. Following the transaction, the executive vice president now owns 90,589 shares of the company’s stock, valued at approximately $4,395,378.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP S James Mazarakis sold 1,868 shares of WSFS Financial stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $51.49, for a total transaction of $96,183.32. Following the completion of the transaction, the executive vice president now directly owns 42,995 shares in the company, valued at approximately $2,213,812.55. The disclosure for this sale can be found here. Insiders own 4.89% of the company’s stock.

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About WSFS Financial

WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.

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

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