Assenagon Asset Management S.A. bought a new stake in WSFS Financial Co. (NASDAQ:WSFS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,683 shares of the bank's stock, valued at approximately $1,412,000.
A number of other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in WSFS Financial by 51.4% in the 1st quarter. BNP Paribas Financial Markets now owns 30,156 shares of the bank's stock valued at $1,361,000 after acquiring an additional 10,234 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of WSFS Financial during the 1st quarter valued at approximately $45,000. Texas Permanent School Fund Corp boosted its holdings in WSFS Financial by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 52,982 shares of the bank's stock worth $2,392,000 after buying an additional 518 shares during the period. SG Americas Securities LLC purchased a new position in WSFS Financial in the 1st quarter valued at approximately $298,000. Finally, ProShare Advisors LLC lifted its position in shares of WSFS Financial by 6.0% during the first quarter. ProShare Advisors LLC now owns 12,182 shares of the bank's stock worth $550,000 after acquiring an additional 693 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.
WSFS Financial Price Performance
WSFS traded up $0.47 on Friday, reaching $49.64. The company had a trading volume of 212,035 shares, compared to its average volume of 246,096. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. WSFS Financial Co. has a 52-week low of $35.09 and a 52-week high of $58.59. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 11.33 and a beta of 1.02. The business has a 50 day simple moving average of $51.18 and a 200 day simple moving average of $48.76.
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. The firm had revenue of $267.61 million during the quarter, compared to analyst estimates of $260.35 million. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The company's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 earnings per share. As a group, sell-side analysts anticipate that WSFS Financial Co. will post 4.27 EPS for the current year.
WSFS Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, November 8th. WSFS Financial's dividend payout ratio (DPR) is presently 13.70%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on WSFS shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $54.00 price target (down from $58.00) on shares of WSFS Financial in a research report on Tuesday. Stephens increased their price target on shares of WSFS Financial from $54.00 to $62.00 and gave the stock an "overweight" rating in a report on Monday, July 29th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of WSFS Financial in a research note on Monday, October 28th. Piper Sandler increased their target price on shares of WSFS Financial from $48.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 30th. Finally, DA Davidson boosted their price target on shares of WSFS Financial from $59.00 to $68.00 and gave the company a "buy" rating in a research report on Monday, July 29th. 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, WSFS Financial currently has an average rating of "Hold" and a consensus price target of $59.75.
Get Our Latest Stock Report on WSFS
About WSFS Financial
(
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.
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