Jane Street Group LLC Acquires 36,990 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Jane Street Group LLC boosted its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 47.9% during the third quarter, HoldingsChannel reports. The fund owned 114,154 shares of the bank’s stock after purchasing an additional 36,990 shares during the quarter. Jane Street Group LLC’s holdings in WSFS Financial were worth $5,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its stake in shares of WSFS Financial by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank’s stock worth $1,419,000 after purchasing an additional 200 shares during the last quarter. Innealta Capital LLC bought a new position in shares of WSFS Financial during the second quarter worth about $114,000. Hantz Financial Services Inc. acquired a new position in shares of WSFS Financial in the second quarter worth approximately $2,664,000. Victory Capital Management Inc. boosted its holdings in WSFS Financial by 3.9% in the second quarter. Victory Capital Management Inc. now owns 28,156 shares of the bank’s stock valued at $1,323,000 after acquiring an additional 1,056 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its position in WSFS Financial by 7.0% during the 2nd quarter. Great Lakes Advisors LLC now owns 60,595 shares of the bank’s stock valued at $2,848,000 after purchasing an additional 3,942 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Price Performance

Shares of WSFS opened at $58.13 on Monday. The firm has a market cap of $3.42 billion, a PE ratio of 13.27 and a beta of 1.06. WSFS Financial Co. has a 52-week low of $40.19 and a 52-week high of $62.75. The business’s 50 day moving average price is $55.05 and its two-hundred day moving average price is $51.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The company had revenue of $267.61 million for the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. WSFS Financial’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 EPS. On average, equities analysts anticipate that WSFS Financial Co. will post 4.27 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. WSFS Financial’s dividend payout ratio is presently 13.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, WSFS Financial currently has an average rating of “Hold” and an average price target of $59.75.

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.