Victory Capital Management Inc. boosted its holdings in WSFS Financial Co. (NASDAQ:WSFS) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,966 shares of the bank’s stock after acquiring an additional 1,350 shares during the quarter. Victory Capital Management Inc.’s holdings in WSFS Financial were worth $614,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of WSFS. Haverford Trust Co. acquired a new stake in WSFS Financial in the 2nd quarter valued at approximately $29,000. Strs Ohio increased its position in WSFS Financial by 3,700.0% in the 3rd quarter. Strs Ohio now owns 3,800 shares of the bank’s stock valued at $194,000 after acquiring an additional 3,700 shares during the period. Stephens Inc. AR acquired a new stake in WSFS Financial in the 3rd quarter valued at approximately $210,000. Crossmark Global Holdings Inc. acquired a new stake in WSFS Financial in the 3rd quarter valued at approximately $218,000. Finally, Trexquant Investment LP acquired a new stake in WSFS Financial in the 2nd quarter valued at approximately $233,000. Hedge funds and other institutional investors own 90.09% of the company’s stock.
A number of equities analysts have issued reports on the company. DA Davidson increased their price target on WSFS Financial from $48.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 25th. Zacks Investment Research lowered WSFS Financial from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods lowered WSFS Financial from an “outperform” rating to a “market perform” rating and set a $56.00 price target for the company. in a research note on Sunday, October 24th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.40.
WSFS opened at $56.06 on Friday. The firm has a market cap of $2.67 billion, a PE ratio of 9.82 and a beta of 1.15. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $52.08 and a 200-day simple moving average of $49.05. WSFS Financial Co. has a fifty-two week low of $40.64 and a fifty-two week high of $56.13.
WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Wednesday, October 20th. The bank reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.31. The business had revenue of $147.10 million during the quarter, compared to analyst estimates of $154.39 million. WSFS Financial had a return on equity of 15.04% and a net margin of 41.60%. During the same period last year, the company posted $1.00 EPS. On average, equities research analysts anticipate that WSFS Financial Co. will post 5.15 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 18th. Stockholders of record on Thursday, November 4th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, November 3rd. WSFS Financial’s dividend payout ratio is presently 9.11%.
WSFS Financial Company Profile
WSFS Financial Corp. is a savings and loan holding company, which engages in the provision of banking and financial services. It operates through the following business segments: WSFS Bank, Cash Connect, and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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