19,448 Shares in WSFS Financial Co. (NASDAQ:WSFS) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in WSFS Financial Co. (NASDAQ:WSFS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 19,448 shares of the bank’s stock, valued at approximately $1,033,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WSFS. Farther Finance Advisors LLC raised its stake in shares of WSFS Financial by 2,500.0% during the 4th quarter. Farther Finance Advisors LLC now owns 572 shares of the bank’s stock valued at $30,000 after buying an additional 550 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of WSFS Financial during the 4th quarter valued at about $32,000. VSM Wealth Advisory LLC acquired a new stake in shares of WSFS Financial during the 4th quarter valued at about $40,000. AlphaQuest LLC acquired a new stake in shares of WSFS Financial during the 4th quarter valued at about $84,000. Finally, Sterling Capital Management LLC grew its position in shares of WSFS Financial by 804.4% during the 4th quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank’s stock valued at $99,000 after acquiring an additional 1,657 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WSFS. Stephens restated 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 dropped their target price on WSFS Financial from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, WSFS Financial presently has an average rating of “Hold” and a consensus target price of $62.75.

Insider Transactions at WSFS Financial

In other news, CEO Rodger Levenson sold 7,199 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $55.20, for a total transaction of $397,384.80. Following the transaction, the chief executive officer now directly owns 142,780 shares in the company, valued at $7,881,456. The trade was a 4.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

WSFS Financial Trading Up 0.3%

WSFS stock opened at $55.09 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. WSFS Financial Co. has a 12-month low of $42.21 and a 12-month high of $62.75. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 12.46 and a beta of 0.86. The business’s 50-day moving average is $50.76 and its 200 day moving average is $53.79.

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

WSFS Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.17 per share. This is a boost from WSFS Financial’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, May 9th. WSFS Financial’s payout ratio is currently 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.