Vise Technologies Inc. Invests $220,000 in WSFS Financial Corporation $WSFS

Vise Technologies Inc. acquired a new position in shares of WSFS Financial Corporation (NASDAQ:WSFS) in the second quarter, HoldingsChannel reports. The fund acquired 4,008 shares of the bank’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC bought a new position in WSFS Financial during the second quarter worth about $825,000. Parkside Financial Bank & Trust raised its holdings in WSFS Financial by 17.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after purchasing an additional 212 shares during the period. Savant Capital LLC bought a new position in shares of WSFS Financial during the second quarter worth $240,000. Ethos Financial Group LLC acquired a new position in shares of WSFS Financial in the 2nd quarter valued at $287,000. Finally, Planning Directions Inc. acquired a new position in shares of WSFS Financial in the 2nd quarter valued at $339,000. Institutional investors own 88.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on WSFS. TD Cowen assumed coverage on WSFS Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $67.00 price objective on the stock. Cowen restated a “buy” rating on shares of WSFS Financial in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a report on Wednesday, October 8th. Finally, DA Davidson lowered WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.25.

WSFS Financial Stock Down 4.2%

WSFS stock opened at $52.26 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $2.86 billion, a P/E ratio of 10.78 and a beta of 0.93. WSFS Financial Corporation has a fifty-two week low of $42.44 and a fifty-two week high of $62.75. The business has a 50-day moving average of $53.97 and a 200-day moving average of $54.83.

WSFS Financial (NASDAQ:WSFS) last released its earnings results on Tuesday, May 3rd. The bank reported $1.39 EPS for the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%.The firm had revenue of $161.68 million for the quarter. On average, sell-side analysts anticipate that WSFS Financial Corporation 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, November 21st. Stockholders of record on Friday, November 7th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 7th. WSFS Financial’s payout ratio is currently 14.02%.

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.