Illinois Municipal Retirement Fund Sells 1,689 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Illinois Municipal Retirement Fund lowered its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,380 shares of the bank’s stock after selling 1,689 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of WSFS Financial worth $1,579,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in WSFS Financial in the third quarter valued at $1,268,000. Raymond James & Associates lifted its stake in WSFS Financial by 0.9% in the third quarter. Raymond James & Associates now owns 96,007 shares of the bank’s stock valued at $3,504,000 after acquiring an additional 841 shares during the last quarter. Brown Advisory Inc. grew its holdings in WSFS Financial by 18.8% during the third quarter. Brown Advisory Inc. now owns 822,433 shares of the bank’s stock worth $30,019,000 after purchasing an additional 130,189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in WSFS Financial by 15.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,450 shares of the bank’s stock worth $454,000 after buying an additional 1,652 shares during the last quarter. Finally, Strs Ohio raised its stake in WSFS Financial by 433.3% in the third quarter. Strs Ohio now owns 6,400 shares of the bank’s stock valued at $233,000 after buying an additional 5,200 shares during the period. 88.49% of the stock is owned by institutional investors.

Insider Transactions at WSFS Financial

In related news, EVP Arthur J. Bacci sold 15,992 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.79, for a total value of $748,265.68. Following the transaction, the executive vice president now owns 20,990 shares in the company, valued at approximately $982,122.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.29% of the stock is currently owned by corporate insiders.

WSFS Financial Stock Performance

WSFS opened at $42.85 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36. WSFS Financial Co. has a 12-month low of $29.59 and a 12-month high of $47.97. The business has a 50 day moving average of $43.10 and a 200-day moving average of $41.90. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 9.56 and a beta of 1.03.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. WSFS Financial had a return on equity of 12.11% and a net margin of 20.73%. The business had revenue of $251.10 million during the quarter, compared to the consensus estimate of $247.57 million. During the same quarter last year, the firm posted $1.02 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that WSFS Financial Co. will post 4.19 earnings per share for the current year.

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. 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.