Cibc World Markets Corp Makes New $294,000 Investment in WSFS Financial Co. (NASDAQ:WSFS)

Cibc World Markets Corp acquired a new position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,533 shares of the bank's stock, valued at approximately $294,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in WSFS Financial by 28.3% during the fourth quarter. Natixis Advisors LLC now owns 13,884 shares of the bank's stock worth $738,000 after purchasing an additional 3,064 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of WSFS Financial by 1.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank's stock valued at $1,686,000 after purchasing an additional 493 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in shares of WSFS Financial by 179.8% during the 4th quarter. Great Lakes Advisors LLC now owns 169,563 shares of the bank's stock worth $9,009,000 after purchasing an additional 108,968 shares during the period. Farther Finance Advisors LLC increased its position in WSFS Financial by 2,500.0% during the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock worth $30,000 after purchasing an additional 550 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in WSFS Financial by 6.5% in the fourth quarter. HighTower Advisors LLC now owns 4,762 shares of the bank's stock valued at $253,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 88.49% of the company's stock.

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WSFS Financial Stock Down 2.1 %

WSFS Financial stock traded down $1.11 during midday trading on Friday, hitting $51.78. 207,595 shares of the stock were exchanged, compared to its average volume of 277,984. WSFS Financial Co. has a 1 year low of $41.33 and a 1 year high of $62.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. The firm has a market cap of $3.03 billion, a P/E ratio of 11.71 and a beta of 1.06. The company has a 50 day moving average price of $54.18 and a two-hundred day moving average price of $53.90.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 predict that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, February 7th. WSFS Financial's dividend payout ratio is presently 13.57%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other 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 transaction of $397,384.80. Following the completion of the transaction, the chief executive officer now owns 142,780 shares of the company's stock, valued at approximately $7,881,456. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.29% of the stock is owned by company insiders.

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.