Handelsbanken Fonder AB Increases Position in WSFS Financial Co. (NASDAQ:WSFS)

Handelsbanken Fonder AB boosted its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,705 shares of the bank’s stock after buying an additional 1,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in WSFS Financial were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of WSFS Financial by 5,000.0% during the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after acquiring an additional 900 shares in the last quarter. KBC Group NV increased its position in shares of WSFS Financial by 68.4% in the fourth quarter. KBC Group NV now owns 2,885 shares of the bank’s stock valued at $153,000 after buying an additional 1,172 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of WSFS Financial in the third quarter valued at $202,000. Lansing Street Advisors purchased a new position in shares of WSFS Financial in the third quarter valued at $207,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of WSFS Financial in the fourth quarter valued at $207,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WSFS has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their price objective on shares of WSFS Financial from $64.00 to $68.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.75.

Insider Transactions at WSFS Financial

In related news, CEO Rodger Levenson sold 7,199 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 142,780 shares in the company, valued at approximately $7,881,456. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.29% of the company’s stock.

WSFS Financial Price Performance

NASDAQ:WSFS opened at $54.29 on Friday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 12.28 and a beta of 1.08. WSFS Financial Co. has a 12-month low of $40.99 and a 12-month high of $62.75. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average is $54.56 and its two-hundred day moving average is $53.92.

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

WSFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, February 7th. WSFS Financial’s dividend payout ratio (DPR) 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.