WSFS Financial Co. (NASDAQ:WSFS) Stock Holdings Lifted by Pathstone Holdings LLC

Pathstone Holdings LLC raised its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 6.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,648 shares of the bank’s stock after purchasing an additional 1,884 shares during the period. Pathstone Holdings LLC owned 0.06% of WSFS Financial worth $1,665,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in WSFS. International Assets Investment Management LLC increased its holdings 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 valued at $47,000 after acquiring an additional 900 shares during the last quarter. GAMMA Investing LLC boosted its position in 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 period. Innealta Capital LLC acquired a new position in WSFS Financial during the second quarter valued at approximately $114,000. SG Americas Securities LLC bought a new position in shares of WSFS Financial in the third quarter valued at approximately $127,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of WSFS Financial in the third quarter worth $202,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $60.43 on Thursday. 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 firm has a 50-day moving average price of $52.75 and a 200 day moving average price of $50.38. The firm has a market capitalization of $3.56 billion, a PE ratio of 13.80 and a beta of 1.02. WSFS Financial Co. has a 12-month low of $37.09 and a 12-month high of $62.75.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.02. The company 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 company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. Research analysts anticipate that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WSFS shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $54.00 price objective (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Janney Montgomery Scott reiterated a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, WSFS Financial has a consensus 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.