Charles Schwab Investment Management Inc. Boosts Holdings in 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% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 748,085 shares of the bank's stock after buying an additional 7,501 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.29% of WSFS Financial worth $38,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WSFS. Raymond James Financial Inc. acquired a new position in WSFS Financial during the fourth quarter valued at $18,167,000. Cooke & Bieler LP lifted its position in WSFS Financial by 14.0% during the first quarter. Cooke & Bieler LP now owns 892,286 shares of the bank's stock valued at $46,283,000 after purchasing an additional 109,519 shares during the period. GAMMA Investing LLC lifted its position in WSFS Financial by 7,004.2% during the first quarter. GAMMA Investing LLC now owns 105,711 shares of the bank's stock valued at $5,483,000 after purchasing an additional 104,223 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in WSFS Financial during the first quarter valued at $3,290,000. Finally, Frontier Capital Management Co. LLC lifted its position in WSFS Financial by 7.3% during the fourth quarter. Frontier Capital Management Co. LLC now owns 718,978 shares of the bank's stock valued at $38,199,000 after purchasing an additional 48,822 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Price Performance

Shares of WSFS stock traded up $2.2310 on Friday, reaching $57.9110. 56,061 shares of the company were exchanged, compared to its average volume of 329,962. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 12.70 and a beta of 0.89. The business has a 50-day moving average price of $55.69 and a 200 day moving average price of $53.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. WSFS Financial Corporation has a 1 year low of $42.44 and a 1 year high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. The business had revenue of $267.50 million during the quarter, compared to analysts' expectations of $221.93 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. The company's quarterly revenue was up .6% on a year-over-year basis. Equities research analysts forecast 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, August 22nd. Investors of record on Friday, August 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend 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%.

Analysts Set New Price Targets

A number of research firms recently issued reports on WSFS. Stephens restated an "overweight" rating and set a $64.00 target price on shares of WSFS Financial in a research report on Monday, April 28th. Wall Street Zen downgraded shares of WSFS Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. DA Davidson upped their price objective on shares of WSFS Financial from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" 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.