Edgestream Partners L.P. Invests $2.29 Million in WSFS Financial Co. (NASDAQ:WSFS)

Edgestream Partners L.P. purchased a new stake in WSFS Financial Co. (NASDAQ:WSFS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 44,914 shares of the bank’s stock, valued at approximately $2,290,000. Edgestream Partners L.P. owned about 0.08% of WSFS Financial at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WSFS. GAMMA Investing LLC boosted its holdings in shares of WSFS Financial by 40.5% in the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock valued at $48,000 after acquiring an additional 295 shares in the last quarter. Diversified Trust Co increased its position in WSFS Financial by 2.0% during the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock worth $535,000 after purchasing an additional 225 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of WSFS Financial by 29.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank’s stock worth $3,871,000 after buying an additional 18,636 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of WSFS Financial in the 2nd quarter valued at approximately $329,000. Finally, Louisiana State Employees Retirement System boosted its stake in shares of WSFS Financial by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank’s stock valued at $1,419,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Stock Performance

Shares of WSFS stock opened at $59.83 on Tuesday. The stock has a fifty day moving average price of $53.35 and a 200 day moving average price of $50.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $3.52 billion, a PE ratio of 13.66 and a beta of 1.06. WSFS Financial Co. has a 1 year low of $39.99 and a 1 year high of $62.75.

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

WSFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. WSFS Financial’s dividend payout ratio is presently 13.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WSFS shares. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. 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. Three 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, the company presently has a consensus rating of “Hold” and a consensus target price 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.