Jane Street Group LLC trimmed its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 84.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,301 shares of the bank's stock after selling 96,853 shares during the period. Jane Street Group LLC's holdings in WSFS Financial were worth $919,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WSFS. Farther Finance Advisors LLC increased its stake in shares of WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock worth $30,000 after buying an additional 550 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of WSFS Financial in the 4th quarter worth about $32,000. VSM Wealth Advisory LLC acquired a new stake in shares of WSFS Financial in the 4th quarter worth about $40,000. AlphaQuest LLC bought a new position in WSFS Financial in the 4th quarter valued at about $84,000. Finally, Sterling Capital Management LLC grew its position in WSFS Financial by 804.4% in the 4th 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 owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
WSFS has been the subject of several research reports. Stephens restated an "overweight" rating and set a $64.00 price objective on shares of WSFS Financial in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced 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 research report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.75.
View Our Latest Report on WSFS
WSFS Financial Price Performance
Shares of NASDAQ:WSFS traded down $0.24 on Thursday, hitting $52.67. The stock had a trading volume of 15,677 shares, compared to its average volume of 302,394. WSFS Financial Co. has a twelve month low of $42.21 and a twelve month high of $62.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. The firm's 50 day moving average price is $51.31 and its 200-day moving average price is $53.93. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 11.91 and a beta of 0.86.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued 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 net margin of 18.77% and a return on equity of 10.30%. The company had revenue of $256.11 million for the quarter, compared to the consensus estimate of $235.44 million. During the same quarter in the previous year, the company earned $1.11 EPS. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current year.
WSFS Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.29%. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, May 9th. WSFS Financial's payout ratio is currently 15.28%.
WSFS Financial Company Profile
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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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