Stephens Inc. AR Makes New $209,000 Investment in WSFS Financial Co. (NASDAQ:WSFS)

Stephens Inc. AR bought a new position in shares of WSFS Financial Co. (NASDAQ:WSFS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 4,101 shares of the bank’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WSFS. Jupiter Asset Management Ltd. bought a new stake in WSFS Financial in the 1st quarter valued at about $1,253,000. Wedge Capital Management L L P NC increased its position in WSFS Financial by 29.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank’s stock valued at $3,871,000 after buying an additional 18,636 shares in the last quarter. BNP Paribas Financial Markets increased its position in WSFS Financial by 51.4% in the 1st quarter. BNP Paribas Financial Markets now owns 30,156 shares of the bank’s stock valued at $1,361,000 after buying an additional 10,234 shares in the last quarter. Vanguard Group Inc. increased its position in WSFS Financial by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 7,338,200 shares of the bank’s stock valued at $331,246,000 after buying an additional 372,402 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its position in WSFS Financial by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 52,982 shares of the bank’s stock valued at $2,392,000 after buying an additional 518 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stephens boosted their price objective on WSFS Financial from $54.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Piper Sandler boosted their price objective on WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. DA Davidson boosted their price objective on WSFS Financial from $59.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $54.00 price objective (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $59.75.

WSFS Financial Stock Performance

WSFS stock opened at $55.96 on Friday. WSFS Financial Co. has a 12-month low of $35.09 and a 12-month high of $59.26. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $51.18 and a 200-day moving average of $49.16. The firm has a market cap of $3.32 billion, a PE ratio of 12.78 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The business had revenue of $267.61 million for the quarter, compared to the consensus estimate of $260.35 million. During the same quarter in the prior year, the business earned $1.23 earnings per share. WSFS Financial’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts expect that WSFS Financial Co. will post 4.27 earnings per share for the current year.

WSFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 1.07%. WSFS Financial’s payout ratio is 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.