Campbell & CO Investment Adviser LLC Invests $825,000 in WSFS Financial Corporation $WSFS

Campbell & CO Investment Adviser 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 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,009 shares of the bank’s stock, valued at approximately $825,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WSFS. CWM LLC raised its stake in 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 purchasing an additional 295 shares during the period. Farther Finance Advisors LLC grew its holdings 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 buying an additional 1,076 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of WSFS Financial by 17.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock valued at $79,000 after buying an additional 212 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in WSFS Financial during the second quarter valued at $82,000. Finally, United Services Automobile Association purchased a new stake in WSFS Financial in the 1st quarter worth about $204,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

WSFS Financial Stock Performance

WSFS stock opened at $54.36 on Friday. The firm has a 50 day moving average of $54.16 and a two-hundred day moving average of $54.77. WSFS Financial Corporation has a 12 month low of $42.44 and a 12 month high of $62.75. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 11.21 and a beta of 0.93. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.09.

WSFS Financial (NASDAQ:WSFS) last posted its earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share for the quarter. The company had revenue of $161.68 million for the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%. As a group, equities analysts anticipate that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WSFS shares. DA Davidson cut WSFS Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. TD Cowen initiated coverage on shares of WSFS Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $67.00 price objective on the stock. Cowen reiterated a “buy” rating on shares of WSFS Financial in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, WSFS Financial presently has a consensus rating of “Moderate Buy” and an average price target of $66.25.

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.