State of Tennessee Department of Treasury Has $1.36 Million Position in WSFS Financial Co. (NASDAQ:WSFS)

State of Tennessee Department of Treasury lifted its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 60.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,536 shares of the bank's stock after acquiring an additional 9,663 shares during the period. State of Tennessee Department of Treasury's holdings in WSFS Financial were worth $1,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WSFS. MetLife Investment Management LLC increased its holdings in WSFS Financial by 7.6% during the 4th quarter. MetLife Investment Management LLC now owns 35,647 shares of the bank's stock worth $1,894,000 after purchasing an additional 2,503 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of WSFS Financial by 18.7% during the fourth quarter. First Trust Advisors LP now owns 114,233 shares of the bank's stock worth $6,069,000 after buying an additional 18,017 shares in the last quarter. XTX Topco Ltd acquired a new stake in WSFS Financial in the 4th quarter valued at approximately $228,000. Mariner LLC lifted its stake in WSFS Financial by 5.1% in the 4th quarter. Mariner LLC now owns 4,457 shares of the bank's stock valued at $237,000 after acquiring an additional 215 shares in the last quarter. Finally, Barclays PLC boosted its position in WSFS Financial by 2.3% during the 4th quarter. Barclays PLC now owns 123,166 shares of the bank's stock worth $6,544,000 after acquiring an additional 2,769 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Stock Up 0.2 %

Shares of NASDAQ WSFS traded up $0.13 during trading hours on Monday, hitting $53.43. The company had a trading volume of 135,945 shares, compared to its average volume of 294,793. WSFS Financial Co. has a 1-year low of $42.21 and a 1-year high of $62.75. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The firm's 50 day moving average is $50.66 and its 200-day moving average is $53.65. The stock has a market capitalization of $3.10 billion, a P/E ratio of 12.11 and a beta of 0.90.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating 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 company had revenue of $256.11 million during the quarter, compared to the consensus estimate of $235.44 million. During the same quarter last year, the firm posted $1.11 EPS. The company's quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts expect that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Increases Dividend

The firm 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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date is Friday, May 9th. WSFS Financial's dividend payout ratio (DPR) is presently 15.28%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Stephens reiterated an "overweight" rating and issued a $64.00 price target on shares of WSFS Financial in a research note on Monday, April 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $62.75.

Insider Transactions at WSFS Financial

In other WSFS Financial news, CEO Rodger Levenson sold 7,199 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $55.20, for a total transaction of $397,384.80. Following the completion of the sale, the chief executive officer now owns 142,780 shares of the company's stock, valued at $7,881,456. This trade represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.