Intech Investment Management LLC Purchases Shares of 15,222 WSFS Financial Co. (NASDAQ:WSFS)

Intech Investment Management LLC purchased a new position in shares of WSFS Financial Co. (NASDAQ:WSFS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,222 shares of the bank’s stock, valued at approximately $776,000.

Several other institutional investors have also recently made changes to their positions in WSFS. International Assets Investment Management LLC increased its stake in shares of WSFS Financial by 5,000.0% in the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after purchasing an additional 900 shares in the last quarter. GAMMA Investing LLC lifted its stake in WSFS Financial by 40.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after purchasing an additional 295 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of WSFS Financial during the 2nd quarter worth approximately $114,000. SG Americas Securities LLC purchased a new stake in shares of WSFS Financial in the third quarter valued at approximately $127,000. Finally, Ascent Group LLC purchased a new stake in WSFS Financial in the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

WSFS Financial Trading Down 0.7 %

WSFS opened at $60.02 on Friday. The firm has a market cap of $3.54 billion, a P/E ratio of 13.70 and a beta of 1.02. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $53.04 and a 200-day simple moving average of $50.52. WSFS Financial Co. has a 52 week low of $37.09 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 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 net margin of 18.78% and a return on equity of 10.56%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. On average, equities analysts expect that WSFS Financial Co. will post 4.27 earnings per share for the current year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 1.00%. WSFS Financial’s dividend payout ratio is presently 13.70%.

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.