Smartleaf Asset Management LLC Increases Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Smartleaf Asset Management LLC increased its position in WSFS Financial Co. (NASDAQ:WSFS) by 32.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,304 shares of the bank’s stock after buying an additional 804 shares during the period. Smartleaf Asset Management LLC’s holdings in WSFS Financial were worth $176,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mill Creek Capital Advisors LLC purchased a new stake in shares of WSFS Financial in the third quarter worth about $718,000. Principal Financial Group Inc. lifted its position in shares of WSFS Financial by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank’s stock worth $16,856,000 after buying an additional 10,915 shares in the last quarter. Jane Street Group LLC lifted its position in shares of WSFS Financial by 47.9% in the third quarter. Jane Street Group LLC now owns 114,154 shares of the bank’s stock worth $5,821,000 after buying an additional 36,990 shares in the last quarter. Victory Capital Management Inc. raised its position in WSFS Financial by 30.6% during the third quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank’s stock valued at $1,875,000 after purchasing an additional 8,617 shares during the period. Finally, Barclays PLC raised its position in WSFS Financial by 110.8% during the third 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 period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Rodger Levenson sold 7,199 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $55.20, for a total value of $397,384.80. Following the transaction, the chief executive officer now owns 142,780 shares of the company’s stock, valued at $7,881,456. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WSFS shares. Stephens restated an “overweight” rating and set a $68.00 price objective on shares of WSFS Financial in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods upped their price objective on WSFS Financial from $64.00 to $68.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, WSFS Financial presently has a consensus rating of “Hold” and a consensus target price of $64.75.

WSFS Financial Trading Down 1.4 %

WSFS opened at $51.59 on Friday. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 11.67 and a beta of 1.08. The stock’s 50 day moving average price is $54.53 and its 200-day moving average price is $54.04. WSFS Financial Co. has a one year low of $40.99 and a one year 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.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. On average, equities analysts forecast that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. WSFS Financial’s dividend payout ratio is 13.57%.

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.