SG Americas Securities LLC bought a new position in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,798 shares of the bank's stock, valued at approximately $456,000.
A number of other large investors have also recently made changes to their positions in WSFS. Versant Capital Management Inc increased its holdings in 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 acquiring an additional 252 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock worth $30,000 after purchasing an additional 550 shares during the period. Crowley Wealth Management Inc. bought a new stake in WSFS Financial during the fourth quarter valued at $32,000. VSM Wealth Advisory LLC purchased a new position in WSFS Financial during the fourth quarter worth about $40,000. Finally, AlphaQuest LLC bought a new position in WSFS Financial in the 4th quarter worth about $84,000. 88.49% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Wall Street Zen downgraded WSFS Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Stephens reiterated an "overweight" rating and set a $64.00 target price on shares of WSFS Financial in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods cut their price target on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $62.75.
Check Out Our Latest Stock Report on WSFS
WSFS Financial Price Performance
Shares of WSFS Financial stock traded down $0.02 during trading on Wednesday, hitting $54.35. 273,239 shares of the stock traded hands, compared to its average volume of 309,892. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 12.21 and a beta of 0.87. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $62.75. The firm's fifty day moving average is $52.64 and its 200-day moving average is $53.04.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. The business had revenue of $256.11 million for the quarter, compared to analysts' expectations of $235.44 million. WSFS Financial had a net margin of 18.86% and a return on equity of 10.06%. The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $1.11 earnings per share. Research analysts expect that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.
WSFS Financial Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, May 9th. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. WSFS Financial's dividend payout ratio (DPR) is presently 15.28%.
About WSFS Financial
(
Free Report)
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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