Wilmington Savings Fund Society FSB Grows Stake in WSFS Financial Co. (NASDAQ:WSFS)

Wilmington Savings Fund Society FSB lifted its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,136 shares of the bank’s stock after purchasing an additional 1,578 shares during the period. Wilmington Savings Fund Society FSB’s holdings in WSFS Financial were worth $3,142,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in shares of WSFS Financial during the 2nd quarter worth $275,000. SG Americas Securities LLC bought a new position in WSFS Financial during the third quarter worth about $127,000. Handelsbanken Fonder AB increased its stake in shares of WSFS Financial by 9.8% in the third quarter. Handelsbanken Fonder AB now owns 12,305 shares of the bank’s stock worth $627,000 after purchasing an additional 1,100 shares in the last quarter. GAMMA Investing LLC raised its position in shares of WSFS Financial by 41.8% in the third quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock valued at $74,000 after purchasing an additional 428 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of WSFS Financial by 5,000.0% in the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after purchasing an additional 900 shares during the period. Institutional investors own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

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

WSFS Financial Stock Performance

NASDAQ WSFS opened at $57.15 on Friday. The company’s 50 day simple moving average is $55.23 and its two-hundred day simple moving average is $53.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86. WSFS Financial Co. has a 1 year low of $40.19 and a 1 year high of $62.75. The stock has a market capitalization of $3.37 billion, a PE ratio of 12.93 and a beta of 1.08.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.13. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. Analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

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

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.