Wilmington Savings Fund Society FSB Has $3.14 Million Stock Position in WSFS Financial Co. (NASDAQ:WSFS)

Wilmington Savings Fund Society FSB increased its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,136 shares of the bank’s stock after buying an additional 1,578 shares during the quarter. Wilmington Savings Fund Society FSB owned 0.10% of WSFS Financial worth $3,142,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in WSFS Financial by 819.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 254,616 shares of the bank’s stock valued at $13,528,000 after purchasing an additional 226,933 shares during the last quarter. State Street Corp increased its holdings in shares of WSFS Financial by 3.0% during the third quarter. State Street Corp now owns 3,030,372 shares of the bank’s stock worth $154,519,000 after buying an additional 87,781 shares in the last quarter. Barclays PLC lifted its stake in shares of WSFS Financial by 110.8% in the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank’s stock valued at $6,139,000 after acquiring an additional 63,284 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of WSFS Financial by 247.4% during the 3rd quarter. Royce & Associates LP now owns 78,168 shares of the bank’s stock valued at $3,986,000 after acquiring an additional 55,668 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in WSFS Financial during the 3rd quarter worth $2,290,000. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Stock Down 3.7 %

WSFS Financial stock opened at $57.15 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $55.23 and its two-hundred day moving average price is $53.75. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 12.93 and a beta of 1.08. WSFS Financial Co. has a 1-year low of $40.19 and a 1-year high of $62.75.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) 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%. On average, equities research analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 7th. This represents a $0.60 annualized dividend and a yield of 1.05%. WSFS Financial’s dividend payout ratio (DPR) is currently 13.57%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on WSFS Financial from $64.00 to $68.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Finally, Stephens reiterated an “overweight” rating and set a $68.00 price target on shares of WSFS Financial in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, WSFS Financial has an average rating of “Hold” and a consensus price target of $64.75.

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.