Hantz Financial Services Inc. Reduces Stake in WSFS Financial Co. (NASDAQ:WSFS)

Hantz Financial Services Inc. trimmed its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,788 shares of the bank’s stock after selling 3,187 shares during the quarter. Hantz Financial Services Inc.’s holdings in WSFS Financial were worth $2,751,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its position in shares of WSFS Financial by 5.9% in the 3rd quarter. FMR LLC now owns 4,283 shares of the bank’s stock worth $218,000 after buying an additional 239 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of WSFS Financial by 41.8% in the third quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock valued at $74,000 after purchasing an additional 428 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of WSFS Financial by 5,000.0% in the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after purchasing an additional 900 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of WSFS Financial by 9.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 12,305 shares of the bank’s stock worth $627,000 after purchasing an additional 1,100 shares in the last quarter. Finally, KBC Group NV raised 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 worth $153,000 after purchasing an additional 1,172 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Stock Performance

WSFS Financial stock opened at $55.60 on Friday. The stock has a fifty day moving average price of $55.60 and a 200 day moving average price of $53.63. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. WSFS Financial Co. has a 52 week low of $40.19 and a 52 week high of $62.75. The firm has a market capitalization of $3.27 billion, a P/E ratio of 12.69 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.13. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. Equities research analysts anticipate that WSFS Financial Co. will post 4.26 earnings per share for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.08%. WSFS Financial’s payout ratio is 13.70%.

Analyst Upgrades and Downgrades

WSFS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Finally, Stephens restated an “overweight” rating and issued a $68.00 target price on shares of WSFS Financial in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.25.

WSFS Financial 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.