KBC Group NV Has $153,000 Position in WSFS Financial Co. (NASDAQ:WSFS)

KBC Group NV raised its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 68.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,885 shares of the bank’s stock after acquiring an additional 1,172 shares during the quarter. KBC Group NV’s holdings in WSFS Financial were worth $153,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after purchasing an additional 900 shares during the period. GAMMA Investing LLC grew its stake in WSFS Financial by 41.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock valued at $74,000 after buying an additional 428 shares during the last quarter. SG Americas Securities LLC bought a new position in WSFS Financial in the 3rd quarter worth $127,000. CIBC Asset Management Inc acquired a new position in WSFS Financial during the 3rd quarter worth $202,000. Finally, Lansing Street Advisors bought a new stake in WSFS Financial during the third quarter valued at about $207,000. 88.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Keefe, Bruyette & Woods upped their price target on WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Stephens restated an “overweight” rating and issued a $68.00 price objective on shares of WSFS Financial in a research note on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, WSFS Financial presently has a consensus rating of “Hold” and an average price target of $64.75.

WSFS Financial Stock Performance

Shares of WSFS opened at $59.33 on Friday. The firm’s 50 day moving average price is $55.28 and its two-hundred day moving average price is $53.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. WSFS Financial Co. has a twelve month low of $40.19 and a twelve month high of $62.75. The firm has a market cap of $3.49 billion, a P/E ratio of 13.42 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Monday, January 27th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. On average, analysts forecast that WSFS Financial Co. will post 4.4 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, February 7th. WSFS Financial’s payout ratio is presently 13.57%.

About WSFS Financial

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.