JPMorgan Chase & Co. Decreases Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

JPMorgan Chase & Co. trimmed its stake in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 411,746 shares of the bank's stock after selling 35,381 shares during the period. JPMorgan Chase & Co. owned approximately 0.70% of WSFS Financial worth $20,995,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of WSFS Financial by 3.9% in the 2nd quarter. Victory Capital Management Inc. now owns 28,156 shares of the bank's stock worth $1,323,000 after purchasing an additional 1,056 shares in the last quarter. American Century Companies Inc. grew its position in WSFS Financial by 27.9% during the second quarter. American Century Companies Inc. now owns 877,467 shares of the bank's stock valued at $41,241,000 after acquiring an additional 191,566 shares during the last quarter. Dimensional Fund Advisors LP grew its position in WSFS Financial by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,903,255 shares of the bank's stock valued at $183,450,000 after acquiring an additional 110,279 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of WSFS Financial in the 2nd quarter worth approximately $3,436,000. Finally, XTX Topco Ltd purchased a new stake in shares of WSFS Financial in the 2nd quarter valued at $257,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

WSFS Financial Trading Down 0.2 %

WSFS traded down $0.13 during trading on Thursday, hitting $52.49. 260,369 shares of the stock traded hands, compared to its average volume of 222,014. The firm has a 50-day moving average of $56.20 and a 200 day moving average of $52.87. WSFS Financial Co. has a 12-month low of $40.19 and a 12-month high of $62.75. The firm has a market capitalization of $3.09 billion, a P/E ratio of 11.98 and a beta of 1.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. The company had revenue of $267.61 million for the quarter, compared to analysts' expectations of $260.35 million. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. WSFS Financial's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share. Equities research analysts anticipate that WSFS Financial Co. will post 4.27 EPS for the current year.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. WSFS Financial's dividend payout ratio is presently 13.70%.

Wall Street Analyst Weigh In

WSFS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Janney Montgomery Scott reiterated a "neutral" rating on shares of WSFS Financial in a report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $59.75.

About WSFS Financial

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.