Tudor Investment Corp ET AL Buys Shares of 21,382 WSFS Financial Corporation $WSFS

Tudor Investment Corp ET AL purchased a new stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) in the third quarter, according to its most recent filing with the SEC. The firm purchased 21,382 shares of the bank’s stock, valued at approximately $1,153,000.

Several other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in WSFS Financial in the second quarter valued at $36,860,000. Edgestream Partners L.P. purchased a new position in shares of WSFS Financial in the second quarter valued at $8,834,000. Citadel Advisors LLC raised its stake in shares of WSFS Financial by 1,190.1% during the 3rd quarter. Citadel Advisors LLC now owns 153,234 shares of the bank’s stock worth $8,264,000 after buying an additional 141,356 shares during the last quarter. Cooke & Bieler LP boosted its position in shares of WSFS Financial by 15.5% in the 3rd quarter. Cooke & Bieler LP now owns 1,031,956 shares of the bank’s stock worth $55,653,000 after buying an additional 138,220 shares in the last quarter. Finally, Pzena Investment Management LLC grew its stake in WSFS Financial by 14.5% in the 3rd quarter. Pzena Investment Management LLC now owns 928,413 shares of the bank’s stock valued at $50,069,000 after acquiring an additional 117,244 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Insider Buying and Selling

In other WSFS Financial news, EVP Shari Kruzinski sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $70.10, for a total transaction of $70,100.00. Following the transaction, the executive vice president owned 14,740 shares of the company’s stock, valued at $1,033,274. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James J. Wechsler sold 450 shares of WSFS Financial stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $69.89, for a total transaction of $31,450.50. Following the completion of the transaction, the executive vice president owned 5,777 shares in the company, valued at approximately $403,754.53. This trade represents a 7.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,455 shares of company stock valued at $242,923. Insiders own 1.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WSFS shares. Brean Capital began coverage on shares of WSFS Financial in a report on Tuesday, March 10th. They set a “buy” rating and a $74.50 target price for the company. Zacks Research upgraded shares of WSFS Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. DA Davidson assumed coverage on shares of WSFS Financial in a research note on Wednesday, February 25th. They set a “neutral” rating and a $74.00 price objective for the company. Keefe, Bruyette & Woods lifted their price objective on WSFS Financial from $63.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Finally, Stephens reaffirmed an “overweight” rating and issued a $71.00 target price (up from $66.00) on shares of WSFS Financial in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.58.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS opened at $63.46 on Monday. The company has a market cap of $3.35 billion, a P/E ratio of 12.44 and a beta of 0.76. The business has a fifty day simple moving average of $64.38 and a 200-day simple moving average of $58.32. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $71.32. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 26th. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The firm had revenue of $90.08 million for the quarter, compared to the consensus estimate of $267.36 million. During the same period in the prior year, the business posted $1.11 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts forecast that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. WSFS Financial’s dividend payout ratio (DPR) is currently 13.33%.

WSFS Financial Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.