Ethos Financial Group LLC Purchases New Position in WSFS Financial Corporation $WSFS

Ethos Financial Group LLC acquired a new position in shares of WSFS Financial Corporation (NASDAQ:WSFS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,225 shares of the bank’s stock, valued at approximately $287,000.

A number of other large investors have also modified their holdings of WSFS. CWM LLC raised its holdings in shares of WSFS Financial by 72.7% during the 1st quarter. CWM LLC now owns 701 shares of the bank’s stock valued at $36,000 after buying an additional 295 shares during the period. Farther Finance Advisors LLC raised its stake in shares of WSFS Financial by 618.4% during the second quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock valued at $69,000 after purchasing an additional 1,076 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of WSFS Financial during the second quarter valued at approximately $82,000. United Services Automobile Association acquired a new position in shares of WSFS Financial during the first quarter worth $204,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of WSFS Financial in the second quarter valued at $227,000. 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. DA Davidson lowered shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. TD Cowen initiated coverage on WSFS Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $67.00 price target on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday, October 8th. Finally, Cowen restated a “buy” rating on shares of WSFS Financial in a report on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

WSFS Financial Stock Performance

Shares of WSFS stock opened at $54.37 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.83 and a current ratio of 0.84. WSFS Financial Corporation has a one year low of $42.44 and a one year high of $62.75. The company’s 50-day simple moving average is $54.40 and its 200-day simple moving average is $54.67. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 11.21 and a beta of 0.93.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Tuesday, May 3rd. The bank reported $1.39 earnings per share for the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%.The firm had revenue of $161.68 million during the quarter. Equities analysts anticipate that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 7th. WSFS Financial’s payout ratio is 14.02%.

WSFS Financial Profile

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.