WSFS Financial Co. (NASDAQ:WSFS) Shares Purchased by Fmr LLC

Fmr LLC boosted its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 5.9% in the third quarter, Holdings Channel reports. The fund owned 4,283 shares of the bank’s stock after purchasing an additional 239 shares during the period. Fmr LLC’s holdings in WSFS Financial were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of WSFS. International Assets Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 900 shares during the period. GAMMA Investing LLC increased its stake in WSFS Financial by 41.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock valued at $74,000 after buying an additional 428 shares during the period. Innealta Capital LLC purchased a new position in WSFS Financial during the 2nd quarter worth $114,000. SG Americas Securities LLC acquired a new stake in shares of WSFS Financial in the 3rd quarter worth $127,000. Finally, Ascent Group LLC purchased a new stake in shares of WSFS Financial in the second quarter valued at about $201,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

WSFS Financial Stock Performance

Shares of WSFS opened at $52.90 on Friday. The company has a quick ratio of 0.86, a current 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 company has a 50-day simple moving average of $55.56 and a 200-day simple moving average of $52.02. The company has a market capitalization of $3.12 billion, a PE ratio of 12.08 and a beta of 1.06.

WSFS Financial (NASDAQ:WSFS) last issued 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 company had revenue of $267.61 million during the quarter, compared to analysts’ expectations of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. Equities research analysts predict that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 1.13%. WSFS Financial’s dividend payout ratio is presently 13.70%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $54.00 target price (down from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $59.75.

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.