Vanguard Group Inc. lowered its stake in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,001,023 shares of the bank's stock after selling 18,659 shares during the period. Vanguard Group Inc. owned approximately 11.89% of WSFS Financial worth $371,964,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of WSFS. Farther Finance Advisors LLC boosted its position in shares of WSFS Financial by 2,500.0% during the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock valued at $30,000 after buying an additional 550 shares during the period. VSM Wealth Advisory LLC purchased a new position in WSFS Financial in the fourth quarter valued at about $40,000. AlphaQuest LLC purchased a new position in shares of WSFS Financial in the 4th quarter worth approximately $84,000. KBC Group NV increased its position in shares of WSFS Financial by 68.4% during 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. Finally, Smartleaf Asset Management LLC increased 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 buying an additional 804 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.
WSFS Financial Price Performance
NASDAQ:WSFS traded down $0.30 during trading hours on Monday, reaching $46.36. 654,328 shares of the company were exchanged, compared to its average volume of 283,346. The stock's 50-day moving average is $53.64 and its 200-day moving average is $53.84. WSFS Financial Co. has a twelve month low of $41.33 and a twelve month high of $62.75. The firm has a market cap of $2.69 billion, a PE ratio of 10.49 and a beta of 0.90. 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 (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping 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 anticipate that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.
WSFS Financial Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. WSFS Financial's dividend payout ratio is presently 13.57%.
Analysts Set New Price Targets
A number of research analysts have issued reports on WSFS shares. Stephens restated an "overweight" rating and set a $68.00 price target on shares of WSFS Financial in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their price target 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. 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 an average price target of $64.75.
Check Out Our Latest Analysis on WSFS Financial
Insider Buying and Selling
In related news, CEO Rodger Levenson sold 7,199 shares of the business's stock in a transaction dated 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 directly owns 142,780 shares in the company, valued at approximately $7,881,456. The trade was a 4.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.29% of the stock is owned by company 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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