Cooke & Bieler LP Acquires 11,414 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Cooke & Bieler LP grew its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 782,767 shares of the bank's stock after buying an additional 11,414 shares during the quarter. Cooke & Bieler LP owned 1.33% of WSFS Financial worth $41,588,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. AlphaQuest LLC bought a new position in WSFS Financial in the fourth quarter worth approximately $84,000. KBC Group NV grew its stake in WSFS Financial by 68.4% in the fourth quarter. KBC Group NV now owns 2,885 shares of the bank's stock worth $153,000 after purchasing an additional 1,172 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in WSFS Financial by 32.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,304 shares of the bank's stock valued at $176,000 after acquiring an additional 804 shares in the last quarter. CIBC Asset Management Inc bought a new stake in WSFS Financial during the 3rd quarter valued at $202,000. Finally, Crossmark Global Holdings Inc. bought a new stake in WSFS Financial during the 4th quarter valued at $207,000. Hedge funds and other institutional investors own 88.49% of the company's stock.

WSFS Financial Trading Down 3.7 %

WSFS stock opened at $50.54 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. WSFS Financial Co. has a 12-month low of $40.99 and a 12-month high of $62.75. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 11.43 and a beta of 1.06. The business's 50-day moving average is $54.46 and its 200 day moving average is $54.06.

Remove Ads

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 (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 anticipate that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial's dividend payout ratio is currently 13.57%.

Analyst Upgrades and Downgrades

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

Insider Transactions at WSFS Financial

In other WSFS Financial 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 sale, the chief executive officer now owns 142,780 shares of the company's stock, valued at $7,881,456. The trade was 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 through this link. Insiders own 1.29% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.