Great Lakes Advisors LLC raised its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 179.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,563 shares of the bank's stock after purchasing an additional 108,968 shares during the quarter. Great Lakes Advisors LLC owned 0.29% of WSFS Financial worth $9,009,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of WSFS Financial by 2,500.0% in the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock worth $30,000 after acquiring an additional 550 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of WSFS Financial in the 4th quarter worth approximately $84,000. KBC Group NV boosted its holdings in shares of WSFS Financial by 68.4% in the 4th quarter. KBC Group NV now owns 2,885 shares of the bank's stock worth $153,000 after acquiring an additional 1,172 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 worth $176,000 after acquiring an additional 804 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of WSFS Financial in the 4th quarter worth approximately $207,000. 88.49% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WSFS has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Stephens restated an "overweight" rating and issued a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, WSFS Financial presently has an average rating of "Hold" and a consensus price target of $64.75.
Read Our Latest Report on WSFS
WSFS Financial Trading Up 0.1 %
Shares of WSFS Financial stock traded up $0.05 on Thursday, hitting $50.62. 463,881 shares of the company's stock traded hands, compared to its average volume of 274,152. The firm's 50-day moving average price is $54.29 and its two-hundred day moving average price is $53.99. The stock has a market capitalization of $2.96 billion, a PE ratio of 11.45 and a beta of 1.06. WSFS Financial Co. has a one year low of $40.99 and a one 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.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. On average, research analysts expect that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.
WSFS Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, February 7th. WSFS Financial's dividend payout ratio is currently 13.57%.
Insider Activity at WSFS Financial
In related news, CEO Rodger Levenson sold 7,199 shares of the company'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 completion of the sale, the chief executive officer now owns 142,780 shares in the company, valued at $7,881,456. This represents a 4.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is owned by corporate insiders.
WSFS Financial Company Profile
(
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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