Loomis Sayles & Co. L P trimmed its holdings in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 37.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 150,091 shares of the bank's stock after selling 90,139 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.25% of WSFS Financial worth $7,653,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its stake in WSFS Financial by 5.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 53,103 shares of the bank's stock worth $2,393,000 after acquiring an additional 2,708 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of WSFS Financial by 35.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 201,985 shares of the bank's stock valued at $9,119,000 after purchasing an additional 53,292 shares during the period. GAMMA Investing LLC raised its position in WSFS Financial by 40.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank's stock worth $48,000 after buying an additional 295 shares during the last quarter. Diversified Trust Co raised its holdings in shares of WSFS Financial by 2.0% during the second quarter. Diversified Trust Co now owns 11,382 shares of the bank's stock worth $535,000 after purchasing an additional 225 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of WSFS Financial by 29.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank's stock valued at $3,871,000 after buying an additional 18,636 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.
WSFS Financial Trading Up 0.5 %
WSFS stock traded up $0.29 during trading on Thursday, reaching $60.43. 320,581 shares of the stock were exchanged, compared to its average volume of 312,022. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 13.80 and a beta of 1.02. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $52.90 and a 200-day moving average price of $50.45. WSFS Financial Co. has a 1 year low of $37.09 and a 1 year high of $62.75.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. The firm had revenue of $267.61 million for the quarter, compared to analyst estimates of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. WSFS Financial's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. On average, research 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 announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, November 8th. WSFS Financial's payout ratio is 13.70%.
Wall Street Analyst Weigh In
WSFS has been the subject of several analyst reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $54.00 target price (down from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of WSFS Financial in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, WSFS Financial has a consensus rating of "Hold" and a consensus target price of $59.75.
Check Out Our Latest Stock Report on WSFS Financial
WSFS Financial Company Profile
(
Free Report)
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.
Featured Articles
![Institutional Ownership by Quarter for WSFS Financial (NASDAQ:WSFS)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=WSFS)
Before you consider WSFS Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WSFS Financial wasn't on the list.
While WSFS Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.