BNP Paribas Financial Markets Purchases 11,660 Shares of WSFS Financial Co. (NASDAQ:WSFS)

BNP Paribas Financial Markets grew its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 95.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,926 shares of the bank’s stock after acquiring an additional 11,660 shares during the quarter. BNP Paribas Financial Markets’ holdings in WSFS Financial were worth $1,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WSFS. Diversified Trust Co boosted its holdings in WSFS Financial by 2.0% in the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock valued at $535,000 after purchasing an additional 225 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of WSFS Financial by 29.2% in the second 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 during the period. AlphaMark Advisors LLC acquired a new stake in WSFS Financial during the second quarter worth approximately $329,000. Louisiana State Employees Retirement System raised its holdings in WSFS Financial by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank’s stock valued at $1,419,000 after acquiring an additional 200 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in WSFS Financial in the 2nd quarter valued at $114,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

WSFS Financial Trading Down 0.6 %

Shares of WSFS opened at $59.17 on Tuesday. The business’s fifty day moving average is $54.28 and its 200-day moving average is $51.27. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 13.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. WSFS Financial Co. has a 52-week low of $40.19 and a 52-week high of $62.75.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The firm had revenue of $267.61 million for the quarter, compared to analysts’ expectations of $260.35 million. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 earnings per share. Equities analysts anticipate that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, November 8th. WSFS Financial’s dividend payout ratio is 13.70%.

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.