15,525 Shares in WSFS Financial Co. (NASDAQ:WSFS) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,525 shares of the bank's stock, valued at approximately $792,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WSFS. Louisiana State Employees Retirement System grew its stake in shares of WSFS Financial by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank's stock valued at $1,419,000 after purchasing an additional 200 shares during the last quarter. Diversified Trust Co lifted its holdings in WSFS Financial by 2.0% during the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank's stock worth $535,000 after buying an additional 225 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of WSFS Financial by 40.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank's stock valued at $48,000 after buying an additional 295 shares during the period. Profund Advisors LLC increased its stake in shares of WSFS Financial by 9.4% in the 2nd quarter. Profund Advisors LLC now owns 5,273 shares of the bank's stock valued at $248,000 after buying an additional 452 shares during the period. Finally, International Assets Investment Management LLC raised its position 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 acquiring an additional 900 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

WSFS Financial Trading Up 0.5 %

NASDAQ WSFS traded up $0.29 on Thursday, reaching $60.43. The company had a trading volume of 320,581 shares, compared to its average volume of 312,022. WSFS Financial Co. has a 52 week low of $37.09 and a 52 week high of $62.75. The stock's 50 day moving average is $52.90 and its 200-day moving average is $50.45. 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 $3.56 billion, a price-to-earnings ratio of 13.80 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS - Get Free Report) 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. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The company had revenue of $267.61 million during the quarter, compared to analysts' expectations of $260.35 million. During the same period in the prior year, the business posted $1.23 EPS. WSFS Financial's revenue was up .6% on a year-over-year basis. Equities analysts predict that WSFS Financial Co. will post 4.27 earnings per share for the current year.

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. WSFS Financial's dividend payout ratio is 13.70%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WSFS. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $54.00 price objective (down 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 report 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.