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

Eagle Asset Management Inc. boosted its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 1.5% in the third quarter, Holdings Channel.com reports. 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.’s holdings in WSFS Financial were worth $14,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of WSFS Financial by 5.3% during the first quarter. Vanguard Group Inc. now owns 7,338,200 shares of the bank’s stock worth $331,246,000 after buying an additional 372,402 shares in the last quarter. Dimensional Fund Advisors LP raised its position in WSFS Financial by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,903,255 shares of the bank’s stock worth $183,450,000 after acquiring an additional 110,279 shares in the last quarter. American Century Companies Inc. lifted its stake in WSFS Financial by 27.9% in the second quarter. American Century Companies Inc. now owns 877,467 shares of the bank’s stock valued at $41,241,000 after acquiring an additional 191,566 shares during the last quarter. abrdn plc grew its position in shares of WSFS Financial by 1.0% in the 3rd quarter. abrdn plc now owns 620,808 shares of the bank’s stock valued at $31,655,000 after acquiring an additional 6,380 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of WSFS Financial by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 201,985 shares of the bank’s stock valued at $9,119,000 after purchasing an additional 53,292 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

WSFS has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on 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 reissued a “market perform” rating and set a $54.00 target price (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. DA Davidson lifted their price objective on shares of WSFS Financial from $59.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Stephens increased their price objective on shares of 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 reaffirmed a “neutral” rating on shares of WSFS Financial in a 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.75.

WSFS Financial Trading Up 3.0 %

WSFS opened at $60.48 on Friday. 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 twelve month low of $37.09 and a twelve month high of $60.60. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 13.81 and a beta of 1.02. The company has a 50-day simple moving average of $52.42 and a 200 day simple moving average of $50.12.

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

WSFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. WSFS Financial’s 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.