Edgestream Partners L.P. Buys Shares of 44,914 WSFS Financial Co. (NASDAQ:WSFS)

Edgestream Partners L.P. acquired a new stake in WSFS Financial Co. (NASDAQ:WSFS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 44,914 shares of the bank's stock, valued at approximately $2,290,000. Edgestream Partners L.P. owned about 0.08% of WSFS Financial at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WSFS. American Century Companies Inc. lifted its holdings in WSFS Financial by 27.9% during the 2nd quarter. American Century Companies Inc. now owns 877,467 shares of the bank's stock worth $41,241,000 after purchasing an additional 191,566 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of WSFS Financial by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,903,255 shares of the bank's stock worth $183,450,000 after buying an additional 110,279 shares in the last quarter. Denali Advisors LLC bought a new stake in shares of WSFS Financial in the second quarter valued at about $3,436,000. Hantz Financial Services Inc. acquired a new position in shares of WSFS Financial in the second quarter valued at about $2,664,000. Finally, Royce & Associates LP increased its position in WSFS Financial by 247.4% during the third quarter. Royce & Associates LP now owns 78,168 shares of the bank's stock worth $3,986,000 after acquiring an additional 55,668 shares during the period. 88.49% of the stock is owned by institutional investors.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS traded down $0.79 during midday trading on Tuesday, hitting $59.04. The stock had a trading volume of 299,400 shares, compared to its average volume of 274,336. The company's 50-day moving average price is $53.53 and its 200-day moving average price is $50.85. WSFS Financial Co. has a fifty-two week low of $39.99 and a fifty-two week high of $62.75. 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 company has a market capitalization of $3.48 billion, a P/E ratio of 13.48 and a beta of 1.06.

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

WSFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date was Friday, November 8th. WSFS Financial's dividend payout ratio (DPR) is presently 13.70%.

Analyst Ratings Changes

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

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.