International Assets Investment Management LLC Boosts Holdings in WSFS Financial Co. (NASDAQ:WSFS)

International Assets Investment Management LLC boosted its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 5,000.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 918 shares of the bank’s stock after buying an additional 900 shares during the period. International Assets Investment Management LLC’s holdings in WSFS Financial were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of WSFS Financial by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 7,338,200 shares of the bank’s stock worth $331,246,000 after purchasing an additional 372,402 shares during the period. Dimensional Fund Advisors LP grew its position in WSFS Financial by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,903,255 shares of the bank’s stock worth $183,450,000 after buying an additional 110,279 shares during the period. Champlain Investment Partners LLC lifted its position in shares of WSFS Financial by 14.1% during the 1st quarter. Champlain Investment Partners LLC now owns 1,293,281 shares of the bank’s stock valued at $58,379,000 after acquiring an additional 160,090 shares during the period. American Century Companies Inc. boosted its stake in shares of WSFS Financial by 27.9% during the 2nd quarter. American Century Companies Inc. now owns 877,467 shares of the bank’s stock worth $41,241,000 after acquiring an additional 191,566 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of WSFS Financial by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 201,985 shares of the bank’s stock worth $9,119,000 after acquiring an additional 53,292 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WSFS shares. Stephens increased their price objective on shares of WSFS Financial from $54.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. DA Davidson increased their price target on shares of WSFS Financial from $59.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Finally, Piper Sandler increased their price target on WSFS Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.75.

WSFS Financial Stock Down 4.6 %

WSFS Financial stock opened at $55.99 on Friday. The company’s 50-day moving average price is $51.16 and its two-hundred day moving average price is $49.08. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 12.78 and a beta of 1.02. WSFS Financial Co. has a 52 week low of $35.09 and a 52 week high of $59.26.

WSFS Financial (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The firm had revenue of $267.61 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 earnings per share. On average, analysts expect that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.70%.

WSFS Financial 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.