Fisher Asset Management LLC Raises Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

Fisher Asset Management LLC boosted its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 20.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,000 shares of the bank's stock after buying an additional 36,798 shares during the quarter. Fisher Asset Management LLC owned approximately 0.37% of WSFS Financial worth $11,218,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of WSFS Financial by 5,000.0% during 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 increased its position in shares of WSFS Financial by 40.5% during the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank's stock worth $48,000 after purchasing an additional 295 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of WSFS Financial during the 2nd quarter valued at $114,000. SG Americas Securities LLC acquired a new stake in shares of WSFS Financial in the 3rd quarter worth $127,000. Finally, Ascent Group LLC purchased a new position in WSFS Financial during the 2nd quarter worth $201,000. Institutional investors own 88.49% of the company's stock.

Analyst Ratings Changes

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

WSFS Financial Stock Performance

NASDAQ WSFS traded up $0.29 on Thursday, reaching $60.43. 320,581 shares of the company's stock traded hands, compared to its average volume of 312,022. WSFS Financial Co. has a fifty-two week low of $37.09 and a fifty-two week high of $62.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 13.80 and a beta of 1.02. The stock has a 50 day moving average price of $52.90 and a 200-day moving average price of $50.45.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $267.61 million during 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 was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Equities research analysts predict that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. WSFS Financial's dividend payout ratio (DPR) is presently 13.70%.

About WSFS Financial

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.