WSFS Financial Corporation $WSFS Shares Acquired by UBS Group AG

UBS Group AG increased its stake in WSFS Financial Corporation (NASDAQ:WSFSFree Report) by 31.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 214,753 shares of the bank’s stock after acquiring an additional 51,234 shares during the quarter. UBS Group AG’s holdings in WSFS Financial were worth $11,863,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WSFS. AQR Capital Management LLC grew its holdings in shares of WSFS Financial by 102.6% in the 1st quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock worth $537,000 after acquiring an additional 5,240 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of WSFS Financial by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock worth $1,807,000 after acquiring an additional 1,176 shares during the last quarter. Millennium Management LLC grew its holdings in shares of WSFS Financial by 230.4% in the 1st quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock worth $3,772,000 after acquiring an additional 50,717 shares during the last quarter. United Services Automobile Association acquired a new position in shares of WSFS Financial in the 1st quarter worth $204,000. Finally, Jane Street Group LLC grew its holdings in shares of WSFS Financial by 579.0% in the 1st quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock worth $6,093,000 after acquiring an additional 100,171 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Stock Performance

Shares of WSFS stock opened at $69.89 on Friday. WSFS Financial Corporation has a 1-year low of $49.92 and a 1-year high of $73.22. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 12.44 and a beta of 0.77. The stock’s fifty day simple moving average is $67.49 and its 200-day simple moving average is $61.89.

WSFS Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. This is an increase from WSFS Financial’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 8th. WSFS Financial’s dividend payout ratio is presently 14.23%.

Analysts Set New Price Targets

WSFS has been the topic of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and set a $80.00 price target (up from $72.00) on shares of WSFS Financial in a report on Wednesday, May 6th. Keefe, Bruyette & Woods lifted their price target on WSFS Financial from $63.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, January 21st. Zacks Research downgraded WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Stephens reiterated an “overweight” rating and set a $81.00 price target (up from $79.00) on shares of WSFS Financial in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, WSFS Financial has a consensus rating of “Moderate Buy” and a consensus target price of $77.07.

Get Our Latest Report on WSFS

WSFS Financial Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for WSFS Financial (NASDAQ:WSFS)

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