WSFS Financial Co. (NASDAQ:WSFS) Stake Boosted by Champlain Investment Partners LLC

Champlain Investment Partners LLC raised its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 1.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,299,998 shares of the bank’s stock after purchasing an additional 14,792 shares during the quarter. Champlain Investment Partners LLC’s holdings in WSFS Financial were worth $66,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of WSFS. Vanguard Group Inc. grew its position in shares of 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 buying an additional 372,402 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of WSFS Financial by 16.5% during the first quarter. Bessemer Group Inc. now owns 17,354 shares of the bank’s stock valued at $784,000 after purchasing an additional 2,460 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of WSFS Financial by 5.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,103 shares of the bank’s stock worth $2,393,000 after purchasing an additional 2,708 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of WSFS Financial by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 201,985 shares of the bank’s stock worth $9,119,000 after purchasing an additional 53,292 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of WSFS Financial by 40.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after purchasing an additional 295 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WSFS has been the topic of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $54.00 target price (down from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Stephens increased their price objective on shares of WSFS Financial from $54.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Piper Sandler boosted their target price on shares of WSFS Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. DA Davidson raised their price target on shares of WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Three 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.com, WSFS Financial has a consensus rating of “Hold” and a consensus target price of $59.75.

WSFS Financial Stock Performance

Shares of WSFS opened at $60.48 on Friday. WSFS Financial Co. has a 52-week low of $37.09 and a 52-week high of $60.60. The firm has a market capitalization of $3.56 billion, a PE ratio of 13.81 and a beta of 1.02. The firm has a 50-day moving average price of $52.25 and a 200 day moving average price of $50.02. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40.

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

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, November 8th. WSFS Financial’s dividend payout ratio is presently 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.