State of New Jersey Common Pension Fund D Sells 3,199 Shares of WSFS Financial Co. (NASDAQ:WSFS)

State of New Jersey Common Pension Fund D lowered its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,507 shares of the bank’s stock after selling 3,199 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of WSFS Financial worth $1,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted 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 last quarter. State Street Corp boosted its stake in WSFS Financial by 3.0% in the third quarter. State Street Corp now owns 3,030,372 shares of the bank’s stock valued at $154,519,000 after acquiring an additional 87,781 shares during the last quarter. Barclays PLC raised its holdings in shares of WSFS Financial by 110.8% in the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank’s stock worth $6,139,000 after purchasing an additional 63,284 shares during the period. Royce & Associates LP grew its holdings in WSFS Financial by 247.4% during the third quarter. Royce & Associates LP now owns 78,168 shares of the bank’s stock valued at $3,986,000 after purchasing an additional 55,668 shares during the period. Finally, Edgestream Partners L.P. bought a new position in WSFS Financial during the third quarter valued at $2,290,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Finally, Stephens reissued an “overweight” rating and set a $68.00 price objective on shares of WSFS Financial in a report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $64.75.

WSFS Financial Trading Down 2.0 %

WSFS opened at $53.54 on Tuesday. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 12.11 and a beta of 1.08. WSFS Financial Co. has a one year low of $40.99 and a one year high of $62.75. The business has a 50 day simple moving average of $54.59 and a two-hundred day simple moving average of $53.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86.

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

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. WSFS Financial’s payout ratio is currently 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.