Barclays PLC increased its position in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 110.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,397 shares of the bank's stock after purchasing an additional 63,284 shares during the quarter. Barclays PLC owned approximately 0.20% of WSFS Financial worth $6,139,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of WSFS Financial by 5,000.0% during the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank's stock worth $47,000 after buying an additional 900 shares in the last quarter. GAMMA Investing LLC grew its holdings in WSFS Financial by 41.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,451 shares of the bank's stock worth $74,000 after acquiring an additional 428 shares in the last quarter. Innealta Capital LLC purchased a new position in WSFS Financial during the 2nd quarter valued at about $114,000. SG Americas Securities LLC bought a new stake in shares of WSFS Financial in the 3rd quarter valued at about $127,000. Finally, Ascent Group LLC purchased a new stake in shares of WSFS Financial in the 2nd quarter worth approximately $201,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $54.00 price objective (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Janney Montgomery Scott reissued a "neutral" rating on shares of WSFS Financial in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $59.75.
View Our Latest Research Report on WSFS Financial
NASDAQ:WSFS opened at $52.61 on Friday. The firm has a 50 day moving average of $55.52 and a 200 day moving average of $51.89. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. WSFS Financial Co. has a 52 week low of $40.19 and a 52 week high of $62.75. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 12.01 and a beta of 1.06.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued 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. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The firm had revenue of $267.61 million during the quarter, compared to analyst estimates of $260.35 million. During the same quarter in the prior year, the business posted $1.23 EPS. The business's revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. WSFS Financial's payout ratio is 13.70%.
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.
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