Intech Investment Management LLC Purchases Shares of 15,222 WSFS Financial Co. (NASDAQ:WSFS)

Intech Investment Management LLC purchased a new position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,222 shares of the bank's stock, valued at approximately $776,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in 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 grew its holdings in WSFS Financial by 40.5% during the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank's stock worth $48,000 after purchasing an additional 295 shares during the period. Innealta Capital LLC acquired a new stake in WSFS Financial during the second quarter worth approximately $114,000. SG Americas Securities LLC acquired a new stake in WSFS Financial during the third quarter worth approximately $127,000. Finally, Ascent Group LLC acquired a new stake in WSFS Financial during the second quarter worth approximately $201,000. Institutional investors own 88.49% of the company's stock.

Analyst Upgrades and Downgrades

WSFS has been the subject of several research reports. Keefe, Bruyette & Woods restated a "market perform" rating and set 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 restated a "neutral" rating on shares of WSFS Financial in a research report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, WSFS Financial presently has a consensus rating of "Hold" and a consensus price target of $59.75.

WSFS Financial Price Performance

Shares of NASDAQ WSFS traded down $0.41 during midday trading on Friday, reaching $60.02. The company's stock had a trading volume of 186,580 shares, compared to its average volume of 308,812. WSFS Financial Co. has a fifty-two week low of $37.09 and a fifty-two week high of $62.75. The business's 50 day moving average price is $53.19 and its two-hundred day moving average price is $50.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $3.54 billion, a P/E ratio of 13.70 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The company had revenue of $267.61 million during the quarter, compared to analyst estimates of $260.35 million. During the same quarter last year, the business posted $1.23 EPS. WSFS Financial's quarterly revenue was up .6% compared to the same quarter last year. On average, analysts forecast 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. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%. 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.