Victory Capital Management Inc. grew its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 30.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,773 shares of the bank's stock after purchasing an additional 8,617 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of WSFS Financial worth $1,875,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in WSFS Financial by 5,000.0% during the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank's stock valued at $47,000 after buying an additional 900 shares during the last quarter. GAMMA Investing LLC grew its position in WSFS Financial by 40.5% during the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank's stock valued at $48,000 after acquiring an additional 295 shares during the period. Innealta Capital LLC acquired a new position in shares of WSFS Financial in the 2nd quarter valued at about $114,000. SG Americas Securities LLC purchased a new stake in WSFS Financial during the third quarter worth approximately $127,000. Finally, Ascent Group LLC purchased a new stake in WSFS Financial during the 2nd quarter worth $201,000. 88.49% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WSFS has been the subject of a number of recent analyst reports. Stephens raised their price objective on WSFS Financial from $54.00 to $62.00 and gave the company an "overweight" rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $54.00 price objective (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Piper Sandler lifted their target price on WSFS Financial from $48.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. Janney Montgomery Scott reissued a "neutral" rating on shares of WSFS Financial in a report on Monday, October 28th. Finally, DA Davidson raised their target price on WSFS Financial from $59.00 to $68.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $59.75.
Check Out Our Latest Research Report on WSFS Financial
WSFS Financial Stock Up 1.0 %
WSFS traded up $0.61 during midday trading on Monday, hitting $61.09. 428,898 shares of the company's stock traded hands, compared to its average volume of 274,381. The stock's fifty day simple moving average is $52.42 and its 200-day simple moving average is $50.17. The company has a market cap of $3.60 billion, a PE ratio of 13.95 and a beta of 1.02. 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 Co. has a one year low of $37.09 and a one year high of $62.75.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, topping 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 company had revenue of $267.61 million for the quarter, compared to analyst estimates of $260.35 million. During the same period in the prior year, the firm earned $1.23 earnings per share. WSFS Financial's revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts anticipate that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.
WSFS Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders 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 dividend yield of 0.98%. WSFS Financial's payout ratio is currently 13.70%.
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.
Further Reading
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