Savant Capital LLC Buys New Position in WSFS Financial Corporation $WSFS

Savant Capital LLC purchased a new position in WSFS Financial Corporation (NASDAQ:WSFS) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,357 shares of the bank’s stock, valued at approximately $240,000.

Several other hedge funds also recently modified their holdings of the business. CWM LLC increased its position in WSFS Financial by 72.7% during the first quarter. CWM LLC now owns 701 shares of the bank’s stock worth $36,000 after acquiring an additional 295 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of WSFS Financial by 618.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,250 shares of the bank’s stock worth $69,000 after purchasing an additional 1,076 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of WSFS Financial during the second quarter valued at about $82,000. United Services Automobile Association bought a new stake in shares of WSFS Financial in the first quarter valued at about $204,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of WSFS Financial in the second quarter valued at about $227,000. 88.49% of the stock is owned by institutional investors.

WSFS Financial Price Performance

WSFS Financial stock opened at $54.04 on Thursday. The business has a 50 day simple moving average of $53.85 and a 200 day simple moving average of $54.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market capitalization of $2.95 billion, a PE ratio of 11.14 and a beta of 0.93. WSFS Financial Corporation has a one year low of $42.44 and a one year high of $62.75.

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

WSFS Financial Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WSFS. TD Cowen assumed coverage on WSFS Financial in a research note on Thursday, September 25th. They set 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 report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of WSFS Financial in a research report on Tuesday, October 28th. Finally, DA Davidson lowered shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, WSFS Financial presently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

WSFS Financial Company 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.