WSFS Financial Corporation $WSFS Shares Bought by Cooke & Bieler LP

Cooke & Bieler LP raised its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,055,902 shares of the bank’s stock after purchasing an additional 23,946 shares during the quarter. Cooke & Bieler LP’s holdings in WSFS Financial were worth $58,328,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC grew its holdings in shares of WSFS Financial by 102.6% during the first quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock valued at $537,000 after buying an additional 5,240 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in WSFS Financial by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock worth $1,807,000 after acquiring an additional 1,176 shares during the period. Millennium Management LLC grew its stake in WSFS Financial by 230.4% during the 1st quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock valued at $3,772,000 after purchasing an additional 50,717 shares during the last quarter. United Services Automobile Association acquired a new position in shares of WSFS Financial in the first quarter valued at about $204,000. Finally, Jane Street Group LLC raised its stake in shares of WSFS Financial by 579.0% in the first quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock worth $6,093,000 after purchasing an additional 100,171 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Price Performance

Shares of NASDAQ WSFS opened at $71.69 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 12.76 and a beta of 0.77. The firm’s 50 day simple moving average is $68.47 and its 200-day simple moving average is $62.73. WSFS Financial Corporation has a 12 month low of $49.92 and a 12 month high of $73.22.

WSFS Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. WSFS Financial’s dividend payout ratio is presently 14.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WSFS shares. TD Cowen reiterated a “buy” rating and issued a $82.00 target price (up from $77.00) on shares of WSFS Financial in a research report on Wednesday, April 29th. Stephens restated an “overweight” rating and set a $81.00 price objective (up from $79.00) on shares of WSFS Financial in a research note on Monday, April 27th. Brean Capital assumed coverage on shares of WSFS Financial in a report on Tuesday, March 10th. They issued a “buy” rating and a $74.50 price objective on the stock. Piper Sandler reiterated a “neutral” rating and issued a $80.00 price objective (up from $72.00) on shares of WSFS Financial in a research note on Wednesday, May 6th. Finally, DA Davidson raised their target price on shares of WSFS Financial from $70.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.07.

WSFS Financial Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.