Wilmington Savings Fund Society FSB Has $4.84 Million Stock Holdings in WSFS Financial Corporation $WSFS

Wilmington Savings Fund Society FSB grew its position in WSFS Financial Corporation (NASDAQ:WSFS) by 46.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,669 shares of the bank’s stock after buying an additional 28,471 shares during the quarter. Wilmington Savings Fund Society FSB owned approximately 0.16% of WSFS Financial worth $4,836,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WSFS. AQR Capital Management LLC lifted its position in WSFS Financial by 102.6% during the 1st quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock worth $537,000 after buying an additional 5,240 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in WSFS Financial by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock worth $1,807,000 after purchasing an additional 1,176 shares during the last quarter. Millennium Management LLC lifted its holdings in WSFS Financial by 230.4% during the 1st quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock worth $3,772,000 after buying an additional 50,717 shares in the last quarter. United Services Automobile Association bought a new position in WSFS Financial in the 1st quarter valued at $204,000. Finally, Jane Street Group LLC increased its stake in shares of WSFS Financial by 579.0% in the 1st quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock valued at $6,093,000 after buying an additional 100,171 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on WSFS shares. TD Cowen boosted their price objective on WSFS Financial from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Piper Sandler set a $62.00 price target on shares of WSFS Financial and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a report on Wednesday, January 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday, October 8th. Finally, DA Davidson lowered WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.40.

WSFS Financial Trading Down 1.0%

Shares of WSFS Financial stock opened at $56.62 on Friday. The company has a market capitalization of $3.10 billion, a P/E ratio of 11.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day moving average price of $56.06 and a 200 day moving average price of $55.70. WSFS Financial Corporation has a 1 year low of $42.44 and a 1 year high of $59.67.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings results on Thursday, October 23rd. The bank reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.13. The firm had revenue of $271.98 million for the quarter, compared to analysts’ expectations of $269.04 million. WSFS Financial had a net margin of 20.44% and a return on equity of 10.60%. WSFS Financial’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. Sell-side analysts anticipate that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. WSFS Financial’s dividend payout ratio (DPR) is 14.02%.

WSFS Financial Company Profile

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.