Louisiana State Employees Retirement System Sells 200 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Louisiana State Employees Retirement System lessened its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,500 shares of the bank’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in WSFS Financial were worth $1,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WSFS. Wilmington Savings Fund Society FSB lifted its position in WSFS Financial by 2.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 59,136 shares of the bank’s stock worth $3,142,000 after purchasing an additional 1,578 shares during the period. KBC Group NV lifted its holdings in shares of WSFS Financial by 68.4% during the fourth quarter. KBC Group NV now owns 2,885 shares of the bank’s stock valued at $153,000 after acquiring an additional 1,172 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of WSFS Financial in the fourth quarter valued at about $207,000. Assenagon Asset Management S.A. increased its position in WSFS Financial by 819.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank’s stock worth $13,528,000 after purchasing an additional 226,933 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of WSFS Financial by 100.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,879 shares of the bank’s stock worth $657,000 after buying an additional 6,466 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on WSFS. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Keefe, Bruyette & Woods increased their target price on WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Finally, Stephens reiterated an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.75.

WSFS Financial Stock Down 0.8 %

WSFS stock opened at $56.04 on Monday. The stock’s fifty day simple moving average is $54.95 and its two-hundred day simple moving average is $53.71. 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 1-year low of $40.99 and a 1-year high of $62.75. The stock has a market cap of $3.30 billion, a P/E ratio of 12.68 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. Analysts expect that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.07%. WSFS Financial’s dividend payout ratio (DPR) 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.