Charles Schwab Investment Management Inc. lifted its position in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 740,584 shares of the bank's stock after buying an additional 19,650 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.26% of WSFS Financial worth $39,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of the company. Mill Creek Capital Advisors LLC purchased a new position in WSFS Financial in the third quarter worth about $718,000. Principal Financial Group Inc. boosted 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 worth $16,856,000 after buying an additional 10,915 shares during the last quarter. Jane Street Group LLC grew its position in WSFS Financial by 47.9% during the third 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 during the period. Victory Capital Management Inc. increased its holdings in WSFS Financial by 30.6% during the third quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank's stock valued at $1,875,000 after buying an additional 8,617 shares during the last quarter. Finally, Barclays PLC raised its position in WSFS Financial by 110.8% in the third quarter. Barclays PLC now owns 120,397 shares of the bank's stock worth $6,139,000 after acquiring an additional 63,284 shares during the period. Institutional investors own 88.49% of the company's stock.
Insider Buying and Selling
In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the sale, the chief executive officer now owns 142,780 shares in the company, valued at $7,881,456. The trade was a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.29% of the stock is owned by company insiders.
WSFS Financial Price Performance
WSFS Financial stock traded up $0.91 during mid-day trading on Wednesday, hitting $52.98. The stock had a trading volume of 177,474 shares, compared to its average volume of 261,131. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The firm's 50 day moving average is $54.20 and its 200 day moving average is $53.93. The firm has a market capitalization of $3.10 billion, a P/E ratio of 11.99 and a beta of 1.06. WSFS Financial Co. has a one year low of $41.33 and a one year high of $62.75.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. On average, sell-side analysts forecast that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.
WSFS Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, February 7th. WSFS Financial's dividend payout ratio (DPR) is presently 13.57%.
Wall Street Analyst Weigh In
WSFS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Stephens reaffirmed an "overweight" rating and set a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, WSFS Financial presently has a consensus rating of "Hold" and a consensus price target of $64.75.
Get Our Latest Stock Analysis on WSFS Financial
About WSFS Financial
(
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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