WSFS Financial Co. (NASDAQ:WSFS) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 30.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 36,773 shares of the bank’s stock after acquiring an additional 8,617 shares during the quarter. Victory Capital Management Inc.’s holdings in WSFS Financial were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WSFS. International Assets Investment Management LLC grew its holdings in shares of WSFS Financial by 5,000.0% during the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after purchasing an additional 900 shares during the last quarter. GAMMA Investing LLC grew its stake in WSFS Financial by 40.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after buying an additional 295 shares during the last quarter. Innealta Capital LLC acquired a new stake in WSFS Financial in the second quarter worth $114,000. SG Americas Securities LLC bought a new stake in WSFS Financial in the third quarter valued at $127,000. Finally, Lansing Street Advisors acquired a new position in shares of WSFS Financial during the third quarter valued at $207,000. 88.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $54.00 price objective (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. Piper Sandler boosted their price objective on WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. DA Davidson raised their target price on WSFS Financial from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Stephens boosted their price target on WSFS Financial from $54.00 to $62.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.75.

WSFS Financial Trading Up 3.0 %

WSFS Financial stock opened at $60.48 on Monday. WSFS Financial Co. has a 12-month low of $37.09 and a 12-month high of $60.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $52.42 and a 200-day simple moving average of $50.17. The stock has a market capitalization of $3.56 billion, a PE ratio of 13.81 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results 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 firm had revenue of $267.61 million for the quarter, compared to analysts’ expectations of $260.35 million. During the same period in the previous year, the business earned $1.23 earnings per share. WSFS Financial’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities research analysts expect that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders 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 yield of 0.99%. WSFS Financial’s dividend payout ratio (DPR) is 13.70%.

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.