Wealth Enhancement Advisory Services LLC Makes New Investment in WSFS Financial Corporation $WSFS

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of WSFS Financial Corporation (NASDAQ:WSFS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,850 shares of the bank’s stock, valued at approximately $227,000.

A number of other hedge funds also recently made changes to their positions in WSFS. GAMMA Investing LLC raised its holdings in shares of WSFS Financial by 37.0% during the first quarter. GAMMA Investing LLC now owns 2,038 shares of the bank’s stock valued at $106,000 after buying an additional 550 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of WSFS Financial during the first quarter valued at approximately $456,000. Handelsbanken Fonder AB raised its holdings in shares of WSFS Financial by 17.5% during the first quarter. Handelsbanken Fonder AB now owns 16,105 shares of the bank’s stock valued at $835,000 after buying an additional 2,400 shares during the last quarter. KBC Group NV raised its holdings in shares of WSFS Financial by 6.8% during the first quarter. KBC Group NV now owns 3,081 shares of the bank’s stock valued at $160,000 after buying an additional 196 shares during the last quarter. Finally, BLB&B Advisors LLC bought a new stake in shares of WSFS Financial during the first quarter valued at approximately $291,000. Institutional investors own 88.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on WSFS shares. TD Cowen started coverage on shares of WSFS Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $67.00 price objective on the stock. DA Davidson raised their price objective on shares of WSFS Financial from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

WSFS Financial Trading Down 3.4%

WSFS Financial stock opened at $51.60 on Friday. The company has a 50 day moving average price of $55.57 and a 200 day moving average price of $54.04. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $62.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 11.32 and a beta of 0.86.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings data on Tuesday, May 3rd. The bank reported $1.39 EPS for the quarter. The firm had revenue of $161.68 million during the quarter. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. Research analysts forecast that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

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

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.