Tower Research Capital LLC TRC Has $155,000 Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Tower Research Capital LLC TRC decreased its stake in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 62.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,918 shares of the bank's stock after selling 4,802 shares during the quarter. Tower Research Capital LLC TRC's holdings in WSFS Financial were worth $155,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WSFS. Barclays PLC raised its holdings in shares of WSFS Financial by 110.8% in the third quarter. Barclays PLC now owns 120,397 shares of the bank's stock valued at $6,139,000 after buying an additional 63,284 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in WSFS Financial by 819.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank's stock valued at $13,528,000 after purchasing an additional 226,933 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in WSFS Financial in the 4th quarter valued at approximately $207,000. KBC Group NV increased its position in 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 purchasing an additional 1,172 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of WSFS Financial by 2.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 59,136 shares of the bank's stock worth $3,142,000 after buying an additional 1,578 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

WSFS Financial Trading Up 3.6%

NASDAQ WSFS traded up $1.93 on Monday, hitting $55.28. 37,333 shares of the company were exchanged, compared to its average volume of 295,840. WSFS Financial Co. has a twelve month low of $42.21 and a twelve month high of $62.75. The firm has a market capitalization of $3.14 billion, a P/E ratio of 12.54 and a beta of 0.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. The company's 50 day moving average price is $50.64 and its 200-day moving average price is $53.74.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The business had revenue of $256.11 million during the quarter, compared to analyst estimates of $235.44 million. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. WSFS Financial's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 EPS. Analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders 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 yield of 1.23%. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, May 9th. WSFS Financial's dividend payout ratio is 15.28%.

Wall Street Analyst Weigh In

A number of research firms have commented on WSFS. Stephens reiterated an "overweight" rating and set a $64.00 target price on shares of WSFS Financial in a research report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, WSFS Financial presently has a consensus rating of "Hold" and an average price target of $62.75.

Insider Transactions at WSFS Financial

In related news, CEO Rodger Levenson sold 7,199 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the sale, the chief executive officer now directly owns 142,780 shares in the company, valued at $7,881,456. This trade represents a 4.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by company insiders.

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.