Dynamic Technology Lab Private Ltd Takes $792,000 Position in WSFS Financial Co. (NASDAQ:WSFS)

Dynamic Technology Lab Private Ltd bought a new position in shares of WSFS Financial Co. (NASDAQ:WSFS) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 15,525 shares of the bank’s stock, valued at approximately $792,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its stake in WSFS Financial by 5.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,103 shares of the bank’s stock worth $2,393,000 after acquiring an additional 2,708 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of WSFS Financial by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 201,985 shares of the bank’s stock worth $9,119,000 after purchasing an additional 53,292 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 last quarter. Diversified Trust Co lifted its holdings in shares of WSFS Financial by 2.0% in the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock valued at $535,000 after purchasing an additional 225 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of WSFS Financial by 29.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank’s stock valued at $3,871,000 after purchasing an additional 18,636 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Up 0.5 %

WSFS Financial stock opened at $60.43 on Thursday. The stock has a 50 day moving average of $52.75 and a two-hundred day moving average of $50.38. WSFS Financial Co. has a twelve month low of $37.09 and a twelve month high of $62.75. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 13.80 and a beta of 1.02. 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 earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. The business had revenue of $267.61 million for the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. As a group, research analysts expect that WSFS Financial Co. will post 4.27 earnings per share for the current year.

WSFS Financial Dividend Announcement

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

Wall Street Analyst Weigh In

WSFS has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $54.00 price objective (down previously from $58.00) on shares of WSFS Financial in a research note on Tuesday, October 29th. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, WSFS Financial presently has an average rating of “Hold” and a consensus price target 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.