HighTower Advisors LLC Has $229,000 Position in WSFS Financial Co. (NASDAQ:WSFS)

HighTower Advisors LLC decreased its stake in WSFS Financial Co. (NASDAQ:WSFS) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,472 shares of the bank’s stock after selling 508 shares during the quarter. HighTower Advisors LLC’s holdings in WSFS Financial were worth $229,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FMR LLC increased its holdings in shares of WSFS Financial by 5.9% in the third quarter. FMR LLC now owns 4,283 shares of the bank’s stock valued at $218,000 after purchasing an additional 239 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of WSFS Financial by 41.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock valued at $74,000 after buying an additional 428 shares during the period. Profund Advisors LLC raised its position in shares of WSFS Financial by 9.4% during the second quarter. Profund Advisors LLC now owns 5,273 shares of the bank’s stock worth $248,000 after acquiring an additional 452 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after acquiring an additional 900 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in WSFS Financial by 3.9% in the second quarter. Victory Capital Management Inc. now owns 28,156 shares of the bank’s stock valued at $1,323,000 after acquiring an additional 1,056 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Price Performance

Shares of WSFS opened at $53.96 on Wednesday. The stock’s 50-day moving average price is $55.66 and its two-hundred day moving average price is $52.23. WSFS Financial Co. has a 1 year low of $40.19 and a 1 year high of $62.75. The stock has a market cap of $3.18 billion, a P/E ratio of 12.32 and a beta of 1.06. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40.

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

WSFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Friday, November 8th. WSFS Financial’s dividend payout ratio is presently 13.70%.

Wall Street Analysts Forecast Growth

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

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.