Wilmington Savings Fund Society FSB Has $3.37 Million Holdings in WSFS Financial Corporation $WSFS

Wilmington Savings Fund Society FSB cut its holdings in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 3.4% in the second quarter, Holdings Channel reports. The institutional investor owned 61,198 shares of the bank’s stock after selling 2,173 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in WSFS Financial were worth $3,366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of WSFS. GAMMA Investing LLC lifted its holdings in shares of WSFS Financial by 37.0% during the first quarter. GAMMA Investing LLC now owns 2,038 shares of the bank’s stock worth $106,000 after buying an additional 550 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of WSFS Financial during the first quarter worth approximately $456,000. KBC Group NV lifted its holdings in shares of WSFS Financial by 6.8% during the first quarter. KBC Group NV now owns 3,081 shares of the bank’s stock worth $160,000 after buying an additional 196 shares during the last quarter. BLB&B Advisors LLC acquired a new position in shares of WSFS Financial during the first quarter worth approximately $291,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of WSFS Financial by 2.2% during the first quarter. Principal Financial Group Inc. now owns 324,266 shares of the bank’s stock worth $16,820,000 after buying an additional 7,012 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WSFS. TD Cowen began coverage on WSFS Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $67.00 price objective on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. Finally, DA Davidson boosted their price objective on WSFS Financial from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.25.

WSFS Financial Stock Performance

Shares of NASDAQ:WSFS opened at $54.43 on Wednesday. The business’s fifty day moving average price is $55.54 and its two-hundred day moving average price is $54.07. WSFS Financial Corporation has a fifty-two week low of $42.44 and a fifty-two week high of $62.75. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 11.94 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share for the quarter. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%.The firm had revenue of $161.68 million for the quarter. As a group, analysts predict that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 8th. WSFS Financial’s dividend payout ratio is 14.91%.

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.