WSFS Financial Co. (NASDAQ:WSFS) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lifted its holdings in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 18.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,558 shares of the bank's stock after purchasing an additional 8,763 shares during the quarter. Wilmington Savings Fund Society FSB owned 0.10% of WSFS Financial worth $2,935,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WSFS. Sanctuary Advisors LLC boosted its stake in WSFS Financial by 100.8% during the third quarter. Sanctuary Advisors LLC now owns 12,879 shares of the bank's stock worth $657,000 after buying an additional 6,466 shares during the period. Barclays PLC raised its position in WSFS Financial by 110.8% in the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank's stock worth $6,139,000 after purchasing an additional 63,284 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of WSFS Financial during the third quarter valued at approximately $235,000. Jane Street Group LLC grew its stake in shares of WSFS Financial by 47.9% during the third quarter. Jane Street Group LLC now owns 114,154 shares of the bank's stock valued at $5,821,000 after buying an additional 36,990 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of WSFS Financial during the 3rd quarter worth approximately $932,000. Institutional investors own 88.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $54.00 price target (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Janney Montgomery Scott restated a "neutral" rating on shares of WSFS Financial in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $59.75.

WSFS Financial Stock Down 0.1 %

Shares of WSFS Financial stock traded down $0.07 during trading on Friday, hitting $58.13. 211,014 shares of the stock traded hands, compared to its average volume of 270,277. 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 stock's fifty day simple moving average is $55.05 and its 200 day simple moving average is $51.57. The firm has a market cap of $3.42 billion, a P/E ratio of 13.27 and a beta of 1.06. WSFS Financial Co. has a 52-week low of $40.19 and a 52-week high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.02. The business had revenue of $267.61 million for the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. On average, equities analysts predict that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, November 8th. WSFS Financial's dividend payout ratio (DPR) is currently 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.