WSFS Financial Corporation $WSFS Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) by 618.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,250 shares of the bank’s stock after purchasing an additional 1,076 shares during the period. Farther Finance Advisors LLC’s holdings in WSFS Financial were worth $69,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. raised its position in shares of WSFS Financial by 0.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,320,766 shares of the bank’s stock worth $120,379,000 after purchasing an additional 7,591 shares during the last quarter. Invesco Ltd. lifted its stake in shares of WSFS Financial by 1.6% during the 1st quarter. Invesco Ltd. now owns 969,476 shares of the bank’s stock worth $50,287,000 after purchasing an additional 15,281 shares during the period. Cooke & Bieler LP lifted its stake in shares of WSFS Financial by 14.0% during the 1st quarter. Cooke & Bieler LP now owns 892,286 shares of the bank’s stock worth $46,283,000 after purchasing an additional 109,519 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of WSFS Financial by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 748,085 shares of the bank’s stock worth $38,803,000 after purchasing an additional 7,501 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of WSFS Financial by 0.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 597,649 shares of the bank’s stock worth $31,000,000 after purchasing an additional 4,913 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

WSFS Financial Stock Performance

NASDAQ:WSFS opened at $53.94 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a 50-day moving average of $55.78 and a two-hundred day moving average of $54.04. The stock has a market cap of $3.02 billion, a P/E ratio of 11.83 and a beta of 0.86. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $62.75.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. The company had revenue of $267.50 million during the quarter, compared to analysts’ expectations of $221.93 million. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. On average, research analysts expect that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 8th. WSFS Financial’s dividend payout ratio is presently 14.91%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of WSFS Financial in a research note on Saturday, September 27th. DA Davidson increased their price target on WSFS Financial from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, WSFS Financial currently has an average rating of “Moderate Buy” and an average target price 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.