JPMorgan Chase & Co. Has $89.67 Million Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

JPMorgan Chase & Co. boosted its holdings in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 309.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,687,824 shares of the bank's stock after purchasing an additional 1,276,078 shares during the period. JPMorgan Chase & Co. owned about 2.87% of WSFS Financial worth $89,674,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of WSFS Financial by 3.0% during the 3rd quarter. State Street Corp now owns 3,030,372 shares of the bank's stock valued at $154,519,000 after buying an additional 87,781 shares during the last quarter. Cooke & Bieler LP boosted its stake in WSFS Financial by 1.5% during the 4th quarter. Cooke & Bieler LP now owns 782,767 shares of the bank's stock valued at $41,588,000 after acquiring an additional 11,414 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of WSFS Financial by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 740,584 shares of the bank's stock worth $39,347,000 after purchasing an additional 19,650 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of WSFS Financial in the 4th quarter valued at about $18,167,000. Finally, Principal Financial Group Inc. lifted its position in shares of WSFS Financial by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank's stock worth $16,856,000 after purchasing an additional 10,915 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

WSFS Financial Stock Performance

NASDAQ WSFS traded down $0.36 during trading hours on Tuesday, reaching $46.00. The company's stock had a trading volume of 531,441 shares, compared to its average volume of 285,013. 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 business has a 50-day simple moving average of $53.26 and a 200 day simple moving average of $53.74. WSFS Financial Co. has a 52 week low of $41.33 and a 52 week high of $62.75. The stock has a market cap of $2.67 billion, a PE ratio of 10.41 and a beta of 0.90.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, beating 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%. Equities research analysts predict 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. Shareholders of record on Friday, February 7th were paid 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 1.30%. WSFS Financial's payout ratio is 13.57%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WSFS. Keefe, Bruyette & Woods upped their price objective on WSFS Financial from $64.00 to $68.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Stephens reissued an "overweight" rating and set a $68.00 price target on shares of WSFS Financial in a research report on Tuesday, January 28th. Three research 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, WSFS Financial currently has a consensus rating of "Hold" and an average target price of $64.75.

Insiders Place Their Bets

In other news, CEO Rodger Levenson sold 7,199 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $55.20, for a total transaction of $397,384.80. Following the completion of the sale, the chief executive officer now directly owns 142,780 shares of the company's stock, valued at $7,881,456. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.29% of the stock is currently owned by insiders.

WSFS Financial 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.