Graham Capital Management L.P. Makes New $1.03 Million Investment in WSFS Financial Co. (NASDAQ:WSFS)

Graham Capital Management L.P. acquired a new position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,448 shares of the bank's stock, valued at approximately $1,033,000.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in WSFS Financial by 2,500.0% in 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 in the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of WSFS Financial during the 4th quarter valued at approximately $32,000. VSM Wealth Advisory LLC acquired a new position in WSFS Financial during the 4th quarter worth approximately $40,000. AlphaQuest LLC bought a new position in WSFS Financial in the 4th quarter valued at approximately $84,000. Finally, Sterling Capital Management LLC boosted its position in WSFS Financial by 804.4% in the fourth quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank's stock valued at $99,000 after buying an additional 1,657 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other WSFS Financial 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 transaction of $397,384.80. Following the sale, the chief executive officer now owns 142,780 shares of the company's stock, valued at approximately $7,881,456. This represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

WSFS Financial Trading Down 0.5%

WSFS traded down $0.29 during midday trading on Monday, hitting $54.71. 49,488 shares of the company were exchanged, compared to its average volume of 299,392. The firm's 50 day moving average price is $51.01 and its 200-day moving average price is $53.93. WSFS Financial Co. has a 1-year low of $42.21 and a 1-year high of $62.75. The firm has a market capitalization of $3.11 billion, a P/E ratio of 12.39 and a beta of 0.86. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The business had revenue of $256.11 million for the quarter, compared to analysts' expectations of $235.44 million. During the same period in the prior year, the business posted $1.11 earnings per share. The firm's revenue was up 1.7% on a year-over-year basis. As a group, equities analysts forecast that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. WSFS Financial's dividend payout ratio is 15.28%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Stephens reaffirmed an "overweight" rating and issued a $64.00 target price on shares of WSFS Financial in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $62.75.

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.