Charles Schwab Investment Management Inc. Buys 7,501 Shares of WSFS Financial Corporation $WSFS

Charles Schwab Investment Management Inc. lifted its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 748,085 shares of the bank's stock after purchasing an additional 7,501 shares during the period. Charles Schwab Investment Management Inc. owned 1.29% of WSFS Financial worth $38,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of WSFS Financial by 90.0% during the 1st quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock worth $28,000 after purchasing an additional 252 shares in the last quarter. CWM LLC raised its stake in shares of WSFS Financial by 72.7% during the 1st quarter. CWM LLC now owns 701 shares of the bank's stock worth $36,000 after purchasing an additional 295 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of WSFS Financial by 804.4% during the 4th quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank's stock worth $99,000 after purchasing an additional 1,657 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of WSFS Financial by 37.0% during the 1st quarter. GAMMA Investing LLC now owns 2,038 shares of the bank's stock worth $106,000 after purchasing an additional 550 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of WSFS Financial by 6.8% during the 1st quarter. KBC Group NV now owns 3,081 shares of the bank's stock worth $160,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 88.49% of the company's stock.

WSFS Financial Stock Performance

Shares of NASDAQ WSFS opened at $55.13 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The stock's fifty day moving average price is $55.52 and its two-hundred day moving average price is $53.59. WSFS Financial Corporation has a one year low of $42.44 and a one year high of $62.75. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 12.09 and a beta of 0.89.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%. The firm had revenue of $267.50 million for the quarter, compared to analyst estimates of $221.93 million. During the same period in the prior year, the firm posted $1.08 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts forecast that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 8th. WSFS Financial's dividend payout ratio is currently 14.91%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. DA Davidson increased their price target on WSFS Financial from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Stephens restated an "overweight" rating and issued a $64.00 price target on shares of WSFS Financial in a research note on Monday, April 28th. Keefe, Bruyette & Woods dropped their price target on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Finally, Wall Street Zen cut WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $66.00.

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.

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