WSFS Financial Co. (NASDAQ:WSFS) Short Interest Update

WSFS Financial Co. (NASDAQ:WSFS - Get Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,320,000 shares, a decrease of 13.2% from the December 31st total of 1,520,000 shares. Based on an average daily volume of 291,100 shares, the short-interest ratio is presently 4.5 days.

Wall Street Analyst Weigh In

WSFS has been the topic of a number of research reports. Stephens reiterated an "overweight" rating and issued a $68.00 price target on shares of WSFS Financial in a research note on Tuesday, January 28th. Janney Montgomery Scott reissued a "neutral" rating on shares of WSFS Financial in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods upped their price objective on WSFS Financial from $64.00 to $68.00 and gave the stock a "market perform" rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, WSFS Financial has an average rating of "Hold" and a consensus price target of $64.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of WSFS Financial by 5,000.0% in the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank's stock worth $47,000 after acquiring an additional 900 shares in the last quarter. GAMMA Investing LLC boosted its position in WSFS Financial by 41.8% in the third quarter. GAMMA Investing LLC now owns 1,451 shares of the bank's stock worth $74,000 after purchasing an additional 428 shares during the last quarter. SG Americas Securities LLC bought a new position in WSFS Financial in the 3rd quarter worth $127,000. KBC Group NV lifted its holdings in WSFS Financial by 68.4% during the fourth quarter. KBC Group NV now owns 2,885 shares of the bank's stock valued at $153,000 after purchasing an additional 1,172 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in WSFS Financial in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 88.49% of the company's stock.

WSFS Financial Stock Performance

Shares of NASDAQ:WSFS traded up $1.72 during midday trading on Tuesday, reaching $57.22. The company had a trading volume of 185,402 shares, compared to its average volume of 268,823. The company's 50 day moving average price is $55.34 and its 200 day moving average price is $53.67. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. WSFS Financial has a 52-week low of $40.19 and a 52-week high of $62.75. The stock has a market cap of $3.37 billion, a P/E ratio of 12.95 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Monday, January 27th. The bank reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. As a group, sell-side analysts anticipate that WSFS Financial will post 4.4 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $0.15 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.60 annualized dividend and a yield of 1.05%. WSFS Financial's payout ratio is currently 13.57%.

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.