WSFS Financial Co. (NASDAQ:WSFS) Shares Purchased by Royce & Associates LP

Royce & Associates LP grew its position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 247.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,168 shares of the bank's stock after purchasing an additional 55,668 shares during the quarter. Royce & Associates LP owned approximately 0.13% of WSFS Financial worth $3,986,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in WSFS Financial by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 7,338,200 shares of the bank's stock valued at $331,246,000 after acquiring an additional 372,402 shares during the last quarter. American Century Companies Inc. raised its stake in shares of WSFS Financial by 27.9% during the second 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 purchasing an additional 110,279 shares during the period. Denali Advisors LLC purchased a new position in WSFS Financial in the 2nd quarter valued at $3,436,000. Finally, Hantz Financial Services Inc. acquired a new position in WSFS Financial in the 2nd quarter valued at $2,664,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WSFS. DA Davidson lifted their target price on shares of WSFS Financial from $59.00 to $68.00 and gave the company a "buy" rating in a report on Monday, July 29th. Stephens lifted their price objective on WSFS Financial from $54.00 to $62.00 and gave the company an "overweight" rating in a report on Monday, July 29th. Keefe, Bruyette & Woods reissued a "market perform" rating and set 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 restated a "neutral" rating on shares of WSFS Financial in a research note on Monday, October 28th. Finally, Piper Sandler increased their price objective on WSFS Financial from $48.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, WSFS Financial presently has an average rating of "Hold" and a consensus price target of $59.75.

WSFS Financial Price Performance

WSFS traded down $0.41 during midday trading on Tuesday, reaching $57.50. 308,714 shares of the company's stock were exchanged, compared to its average volume of 273,938. The business's 50-day moving average price is $51.94 and its 200 day moving average price is $49.90. The stock has a market capitalization of $3.39 billion, a PE ratio of 13.13 and a beta of 1.02. WSFS Financial Co. has a 1-year low of $37.09 and a 1-year high of $60.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share (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 firm had revenue of $267.61 million for the quarter, compared to analyst estimates of $260.35 million. During the same quarter in the prior year, the company earned $1.23 EPS. WSFS Financial's revenue was up .6% on a year-over-year basis. As a group, equities analysts anticipate that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, November 8th. WSFS Financial's payout ratio is 13.70%.

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.