341,943 Shares in WSFS Financial Co. (NASDAQ:WSFS) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in WSFS Financial Co. (NASDAQ:WSFS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 341,943 shares of the bank’s stock, valued at approximately $18,167,000. Raymond James Financial Inc. owned approximately 0.58% of WSFS Financial as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in WSFS Financial by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank’s stock worth $16,856,000 after purchasing an additional 10,915 shares during the last quarter. Jane Street Group LLC boosted its position in WSFS Financial by 47.9% during the 3rd quarter. Jane Street Group LLC now owns 114,154 shares of the bank’s stock worth $5,821,000 after acquiring an additional 36,990 shares during the period. Victory Capital Management Inc. boosted its stake in WSFS Financial by 30.6% during the third quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank’s stock valued at $1,875,000 after buying an additional 8,617 shares in the last quarter. Barclays PLC boosted its stake in WSFS Financial by 110.8% during the third quarter. Barclays PLC now owns 120,397 shares of the bank’s stock valued at $6,139,000 after buying an additional 63,284 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of WSFS Financial by 21.4% during the fourth quarter. Fisher Asset Management LLC now owns 267,028 shares of the bank’s stock valued at $14,187,000 after purchasing an additional 47,028 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Rodger Levenson sold 7,199 shares of WSFS Financial stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the sale, the chief executive officer now owns 142,780 shares of the company’s stock, valued at approximately $7,881,456. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.29% of the company’s stock.

WSFS Financial Price Performance

Shares of NASDAQ WSFS opened at $52.06 on Tuesday. WSFS Financial Co. has a twelve month low of $41.33 and a twelve month high of $62.75. The business’s 50 day moving average price is $54.21 and its two-hundred day moving average price is $53.95. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.05 billion, a PE ratio of 11.78 and a beta of 1.06.

WSFS Financial (NASDAQ:WSFS) last issued 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 return on equity of 10.30% and a net margin of 18.77%. On average, analysts predict that WSFS Financial Co. will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. WSFS Financial’s payout ratio is currently 13.57%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on WSFS Financial from $64.00 to $68.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Stephens restated an “overweight” rating and set 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.75.

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.