Jane Street Group LLC Reduces Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Jane Street Group LLC lessened its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 84.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,301 shares of the bank’s stock after selling 96,853 shares during the quarter. Jane Street Group LLC’s holdings in WSFS Financial were worth $919,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Mariner LLC lifted its holdings in shares of 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 buying an additional 215 shares during the period. LPL Financial LLC lifted its holdings in shares of WSFS Financial by 1.2% in the 4th quarter. LPL Financial LLC now owns 21,060 shares of the bank’s stock valued at $1,119,000 after buying an additional 257 shares during the period. HighTower Advisors LLC lifted its holdings in shares of WSFS Financial by 6.5% in the 4th quarter. HighTower Advisors LLC now owns 4,762 shares of the bank’s stock valued at $253,000 after buying an additional 290 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of WSFS Financial by 1.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank’s stock valued at $1,686,000 after buying an additional 493 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of WSFS Financial by 3.1% in the 4th quarter. Stifel Financial Corp now owns 17,880 shares of the bank’s stock valued at $950,000 after buying an additional 546 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WSFS shares. Stephens reissued an “overweight” rating and issued a $64.00 price objective on shares of WSFS Financial in a report on Monday, April 28th. Keefe, Bruyette & Woods reduced their price target on WSFS Financial from $66.00 to $64.00 and set a “market perform” rating for the company in a report 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.75.

WSFS Financial Stock Performance

NASDAQ WSFS opened at $52.76 on Friday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 11.94 and a beta of 0.86. WSFS Financial Co. has a twelve month low of $42.21 and a twelve 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 stock has a 50-day moving average of $51.24 and a 200 day moving average of $54.01.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The company had revenue of $256.11 million during the quarter, compared to analysts’ expectations of $235.44 million. During the same quarter in the prior year, the firm posted $1.11 EPS. WSFS Financial’s quarterly revenue was up 1.7% compared to the same quarter last year. Sell-side analysts anticipate that WSFS Financial Co. will post 4.47 EPS for the current fiscal year.

WSFS Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, May 9th. 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. WSFS Financial’s dividend payout ratio is presently 15.28%.

WSFS Financial Company 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.