Sanctuary Advisors LLC Acquires 6,466 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Sanctuary Advisors LLC lifted its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 100.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,879 shares of the bank’s stock after buying an additional 6,466 shares during the quarter. Sanctuary Advisors LLC’s holdings in WSFS Financial were worth $657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WSFS. FMR LLC increased its position in WSFS Financial by 5.9% in the 3rd quarter. FMR LLC now owns 4,283 shares of the bank’s stock valued at $218,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC raised its position in WSFS Financial by 41.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock worth $74,000 after purchasing an additional 428 shares during the last quarter. Profund Advisors LLC lifted its holdings in WSFS Financial by 9.4% during the 2nd quarter. Profund Advisors LLC now owns 5,273 shares of the bank’s stock worth $248,000 after buying an additional 452 shares in the last quarter. International Assets Investment Management LLC boosted its position in WSFS Financial by 5,000.0% in the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after buying an additional 900 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of WSFS Financial by 3.9% in the 2nd quarter. Victory Capital Management Inc. now owns 28,156 shares of the bank’s stock valued at $1,323,000 after buying an additional 1,056 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WSFS. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $54.00 target price (down previously 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.75.

WSFS Financial Stock Up 0.5 %

Shares of WSFS Financial stock opened at $53.96 on Wednesday. WSFS Financial Co. has a 12 month low of $40.19 and a 12 month high of $62.75. The business has a fifty day simple moving average of $55.66 and a 200 day simple moving average of $52.23. 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 stock has a market cap of $3.18 billion, a PE ratio of 12.32 and a beta of 1.06.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 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 return on equity of 10.56% and a net margin of 18.78%. WSFS Financial’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. Research analysts predict that WSFS Financial Co. will post 4.27 EPS for the current year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, November 8th. WSFS Financial’s payout ratio is presently 13.70%.

About WSFS Financial

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.