Jane Street Group LLC Has $5.82 Million Stock Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Jane Street Group LLC lifted its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 47.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,154 shares of the bank’s stock after buying an additional 36,990 shares during the quarter. Jane Street Group LLC owned about 0.19% of WSFS Financial worth $5,821,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after acquiring an additional 900 shares during the period. GAMMA Investing LLC increased its holdings in shares of WSFS Financial by 41.8% during the third quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock worth $74,000 after purchasing an additional 428 shares during the period. Innealta Capital LLC acquired a new stake in shares of WSFS Financial in the second quarter valued at approximately $114,000. SG Americas Securities LLC bought a new stake in shares of WSFS Financial in the third quarter valued at approximately $127,000. Finally, Ascent Group LLC bought a new stake in shares of WSFS Financial in the second quarter valued at approximately $201,000. Institutional investors own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

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

WSFS Financial Stock Performance

Shares of NASDAQ:WSFS opened at $58.13 on Monday. The company’s 50 day simple moving average is $55.05 and its 200 day simple moving average is $51.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. WSFS Financial Co. has a 1 year low of $40.19 and a 1 year high of $62.75. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 13.27 and a beta of 1.06.

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

WSFS Financial Dividend Announcement

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

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.