WSFS Financial Co. (NASDAQ:WSFS) Stake Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC increased its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 20.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,000 shares of the bank’s stock after acquiring an additional 36,798 shares during the period. Fisher Asset Management LLC owned about 0.37% of WSFS Financial worth $11,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WSFS. CANADA LIFE ASSURANCE Co lifted its holdings in shares of WSFS Financial by 5.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,103 shares of the bank’s stock valued at $2,393,000 after buying an additional 2,708 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in WSFS Financial by 35.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 201,985 shares of the bank’s stock valued at $9,119,000 after acquiring an additional 53,292 shares during the last quarter. GAMMA Investing LLC grew its position in WSFS Financial by 40.5% in the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after acquiring an additional 295 shares in the last quarter. Diversified Trust Co increased its stake in shares of WSFS Financial by 2.0% during the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock worth $535,000 after purchasing an additional 225 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of WSFS Financial by 29.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank’s stock valued at $3,871,000 after purchasing an additional 18,636 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $54.00 price objective (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.75.

WSFS Financial Stock Up 0.5 %

WSFS Financial stock opened at $60.43 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. WSFS Financial Co. has a fifty-two week low of $37.09 and a fifty-two week high of $62.75. The firm has a fifty day moving average price of $52.75 and a two-hundred day moving average price of $50.38. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 13.80 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.02. The business had revenue of $267.61 million during the quarter, compared to analysts’ expectations of $260.35 million. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. As a group, analysts forecast that WSFS Financial Co. will post 4.27 earnings per share for the current year.

WSFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. WSFS Financial’s payout ratio is 13.70%.

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.