KLP Kapitalforvaltning AS Makes New $671,000 Investment in WSFS Financial Co. (NASDAQ:WSFS)

KLP Kapitalforvaltning AS acquired a new position in WSFS Financial Co. (NASDAQ:WSFS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,630 shares of the bank's stock, valued at approximately $671,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock worth $30,000 after buying an additional 550 shares during the period. VSM Wealth Advisory LLC purchased a new stake in WSFS Financial in the 4th quarter worth about $40,000. AlphaQuest LLC acquired a new stake in WSFS Financial during the 4th quarter worth about $84,000. KBC Group NV grew its stake in WSFS Financial by 68.4% during the 4th quarter. KBC Group NV now owns 2,885 shares of the bank's stock valued at $153,000 after acquiring an additional 1,172 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of WSFS Financial by 32.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,304 shares of the bank's stock valued at $176,000 after purchasing an additional 804 shares during the period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Rodger Levenson sold 7,199 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $55.20, for a total value of $397,384.80. Following the completion of the sale, the chief executive officer now directly owns 142,780 shares in the company, valued at approximately $7,881,456. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.29% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently commented on WSFS. Keefe, Bruyette & Woods raised their price target on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Stephens reissued an "overweight" rating and set a $68.00 target price on shares of WSFS Financial in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $64.75.

WSFS Financial Stock Down 8.8 %

NASDAQ:WSFS traded down $4.64 during mid-day trading on Thursday, reaching $48.03. The stock had a trading volume of 538,906 shares, compared to its average volume of 279,653. The stock has a market cap of $2.81 billion, a P/E ratio of 10.87 and a beta of 1.06. The business's 50 day moving average is $53.95 and its 200 day moving average is $53.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. WSFS Financial Co. has a fifty-two week low of $41.33 and a fifty-two week high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. As a group, sell-side analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 7th. This represents a $0.60 annualized dividend and a yield of 1.25%. WSFS Financial's dividend payout ratio (DPR) is currently 13.57%.

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.