Jane Street Group LLC Has $919,000 Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Jane Street Group LLC cut its position in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 84.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,301 shares of the bank's stock after selling 96,853 shares during the quarter. Jane Street Group LLC's holdings in WSFS Financial were worth $919,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WSFS. Barclays PLC lifted its position in WSFS Financial by 110.8% in the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank's stock valued at $6,139,000 after purchasing an additional 63,284 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of WSFS Financial during the 4th quarter worth about $207,000. KBC Group NV raised its position in shares of WSFS Financial by 68.4% during the 4th quarter. KBC Group NV now owns 2,885 shares of the bank's stock worth $153,000 after buying an additional 1,172 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of WSFS Financial by 2.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 59,136 shares of the bank's stock worth $3,142,000 after purchasing an additional 1,578 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of WSFS Financial by 10.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,926 shares of the bank's stock worth $12,110,000 after purchasing an additional 21,990 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Stock Performance

Shares of WSFS Financial stock traded up $0.42 on Thursday, reaching $53.33. The stock had a trading volume of 271,020 shares, compared to its average volume of 303,652. The business's 50-day moving average price is $51.31 and its two-hundred day moving average price is $53.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. WSFS Financial Co. has a fifty-two week low of $42.21 and a fifty-two week high of $62.75. The stock has a market cap of $3.03 billion, a P/E ratio of 12.07 and a beta of 0.86.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.09. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. The business had revenue of $256.11 million during the quarter, compared to analysts' expectations of $235.44 million. During the same period in the previous year, the company earned $1.11 earnings per share. WSFS Financial's revenue for the quarter was up 1.7% on a year-over-year basis. On average, sell-side analysts forecast that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.17 dividend. This is a positive change from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 9th. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. WSFS Financial's dividend payout ratio is presently 15.28%.

Wall Street Analyst Weigh In

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

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.