New York State Common Retirement Fund Purchases 7,293 Shares of WSFS Financial Co. (NASDAQ:WSFS)

New York State Common Retirement Fund raised its position in WSFS Financial Co. (NASDAQ:WSFS) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,058 shares of the bank’s stock after acquiring an additional 7,293 shares during the period. New York State Common Retirement Fund’s holdings in WSFS Financial were worth $13,286,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in WSFS Financial by 5,000.0% in 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. SG Americas Securities LLC acquired a new position in shares of WSFS Financial in the 3rd quarter valued at $127,000. KBC Group NV boosted its position in shares of WSFS Financial by 68.4% during the 4th 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 in the last quarter. Crossmark Global Holdings Inc. bought a new stake in WSFS Financial in the fourth quarter valued at about $207,000. Finally, CIBC Asset Management Inc acquired a new position in WSFS Financial in the third quarter worth about $202,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Price Performance

Shares of WSFS stock opened at $54.64 on Monday. WSFS Financial Co. has a 52 week low of $40.99 and a 52 week high of $62.75. The stock has a market capitalization of $3.22 billion, a PE ratio of 12.36 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.83. The stock’s fifty day moving average is $54.68 and its 200-day moving average is $53.88.

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

WSFS Financial Dividend Announcement

The company also recently disclosed 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 was Friday, February 7th. This represents a $0.60 annualized dividend and a yield of 1.10%. WSFS Financial’s dividend payout ratio is currently 13.57%.

Wall Street Analyst Weigh In

WSFS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on WSFS Financial from $64.00 to $68.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Stephens reiterated an “overweight” rating and set a $68.00 price objective on shares of WSFS Financial in a research note on Tuesday, January 28th. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.