KLP Kapitalforvaltning AS acquired a new stake in WSFS Financial Co. (NASDAQ:WSFS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,630 shares of the bank's stock, valued at approximately $671,000.
Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of WSFS Financial by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank's stock valued at $16,856,000 after purchasing an additional 10,915 shares during the last quarter. Jane Street Group LLC grew its holdings in WSFS Financial by 47.9% in the 3rd quarter. Jane Street Group LLC now owns 114,154 shares of the bank's stock valued at $5,821,000 after buying an additional 36,990 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of WSFS Financial in the 4th quarter worth $18,167,000. AlphaQuest LLC purchased a new position in shares of WSFS Financial during the 4th quarter worth $84,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of WSFS Financial by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 740,584 shares of the bank's stock valued at $39,347,000 after acquiring an additional 19,650 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at WSFS Financial
In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.20, for a total transaction of $397,384.80. Following the sale, the chief executive officer now directly owns 142,780 shares in the company, valued at $7,881,456. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.29% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Stephens restated an "overweight" rating and set a $68.00 price target on shares of WSFS Financial in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $64.75.
Get Our Latest Stock Analysis on WSFS Financial
WSFS Financial Trading Down 2.9 %
WSFS stock traded down $1.37 during mid-day trading on Friday, hitting $46.66. 548,162 shares of the company were exchanged, compared to its average volume of 281,862. WSFS Financial Co. has a 12-month low of $41.33 and a 12-month high of $62.75. The firm has a market capitalization of $2.71 billion, a P/E ratio of 10.56 and a beta of 0.90. The business has a fifty day simple moving average of $53.81 and a 200-day simple moving average of $53.89. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. On average, equities research analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.
WSFS Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.15 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. WSFS Financial's payout ratio is presently 13.57%.
WSFS Financial Profile
(
Free Report)
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.
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