5,225 Shares in WSFS Financial Corporation $WSFS Purchased by Ethos Financial Group LLC

Ethos Financial Group LLC acquired a new stake in WSFS Financial Corporation (NASDAQ:WSFS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,225 shares of the bank’s stock, valued at approximately $287,000.

Several other institutional investors have also recently modified their holdings of the stock. Natixis Advisors LLC increased its position in WSFS Financial by 1.5% during the first quarter. Natixis Advisors LLC now owns 14,088 shares of the bank’s stock worth $731,000 after buying an additional 204 shares in the last quarter. Xponance Inc. lifted its holdings in WSFS Financial by 4.9% in the 1st quarter. Xponance Inc. now owns 4,439 shares of the bank’s stock valued at $230,000 after purchasing an additional 209 shares in the last quarter. CWM LLC grew its holdings in shares of WSFS Financial by 31.2% during the second quarter. CWM LLC now owns 920 shares of the bank’s stock worth $51,000 after buying an additional 219 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of WSFS Financial by 10.8% during the first quarter. HighTower Advisors LLC now owns 5,278 shares of the bank’s stock valued at $274,000 after buying an additional 516 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in WSFS Financial by 3.0% during the first quarter. PNC Financial Services Group Inc. now owns 23,133 shares of the bank’s stock worth $1,200,000 after acquiring an additional 665 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

WSFS Financial Trading Up 1.1%

Shares of WSFS opened at $54.37 on Friday. WSFS Financial Corporation has a twelve month low of $42.44 and a twelve month high of $62.75. The firm has a market capitalization of $3.04 billion, a P/E ratio of 11.21 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $54.40 and its 200 day simple moving average is $54.67.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Tuesday, May 3rd. The bank reported $1.39 EPS for the quarter. The company had revenue of $161.68 million during the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%. On average, equities research analysts forecast that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be issued a $0.17 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.68 annualized dividend and a yield of 1.3%. WSFS Financial’s dividend payout ratio (DPR) is presently 14.02%.

WSFS Financial Company 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.