Dimensional Fund Advisors LP Buys 110,279 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Dimensional Fund Advisors LP boosted its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 2.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,903,255 shares of the bank’s stock after purchasing an additional 110,279 shares during the quarter. Dimensional Fund Advisors LP owned about 6.59% of WSFS Financial worth $183,450,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new stake in WSFS Financial during the first quarter worth approximately $45,000. GAMMA Investing LLC boosted its position in WSFS Financial by 40.5% during the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after purchasing an additional 295 shares during the period. TFO Wealth Partners LLC boosted its position in WSFS Financial by 115,450.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,311 shares of the bank’s stock worth $106,000 after purchasing an additional 2,309 shares during the period. Innealta Capital LLC bought a new stake in WSFS Financial during the second quarter worth approximately $114,000. Finally, SG Americas Securities LLC bought a new stake in shares of WSFS Financial in the first quarter valued at approximately $298,000. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Performance

Shares of NASDAQ WSFS opened at $53.48 on Friday. The business has a fifty day simple moving average of $52.85 and a 200 day simple moving average of $47.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 11.94 and a beta of 1.02. WSFS Financial Co. has a one year low of $33.12 and a one year high of $58.59.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Thursday, July 25th. The bank reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The business had revenue of $266.00 million during the quarter, compared to analyst estimates of $254.48 million. WSFS Financial had a return on equity of 11.47% and a net margin of 20.04%. WSFS Financial’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. Sell-side analysts expect that WSFS Financial Co. will post 4.33 EPS for the current year.

WSFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 9th. This represents a $0.60 annualized dividend and a yield of 1.12%. WSFS Financial’s dividend payout ratio is currently 13.39%.

Insiders Place Their Bets

In other WSFS Financial news, EVP Stephen P. Clark sold 12,663 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $56.52, for a total transaction of $715,712.76. Following the completion of the transaction, the executive vice president now directly owns 25,671 shares in the company, valued at $1,450,924.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WSFS shares. DA Davidson increased their price objective on WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Stephens increased their price objective on WSFS Financial from $54.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Piper Sandler increased their price objective on WSFS Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods increased their price objective on WSFS Financial from $53.00 to $61.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.50.

About WSFS Financial

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.