Eagle Asset Management Inc. Acquires 3,861 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Eagle Asset Management Inc. lifted its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 1.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 255,452 shares of the bank’s stock after acquiring an additional 3,861 shares during the period. Eagle Asset Management Inc. owned approximately 0.43% of WSFS Financial worth $14,295,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after purchasing an additional 900 shares during the period. GAMMA Investing LLC boosted 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 valued at $48,000 after buying an additional 295 shares in the last quarter. Innealta Capital LLC bought a new stake in WSFS Financial in the second quarter valued at $114,000. SG Americas Securities LLC acquired a new position in WSFS Financial during the third quarter worth $127,000. Finally, CIBC Asset Management Inc bought a new position in shares of WSFS Financial during the third quarter valued at $202,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Stock Up 3.0 %

NASDAQ:WSFS opened at $60.48 on Friday. The stock’s fifty day moving average price is $52.42 and its two-hundred day moving average price is $50.12. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 13.81 and a beta of 1.02. WSFS Financial Co. has a 52-week low of $37.09 and a 52-week high of $60.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results 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 company had revenue of $267.61 million for 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 company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS. On average, analysts anticipate that WSFS Financial Co. will post 4.27 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, November 8th. WSFS Financial’s payout ratio is 13.70%.

Analyst Upgrades and Downgrades

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

WSFS Financial Company 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.