WSFS Financial Co. (NASDAQ:WSFS) Stock Holdings Lessened by Amalgamated Bank

Amalgamated Bank lowered its stake in WSFS Financial Co. (NASDAQ:WSFS) by 5.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,417 shares of the bank’s stock after selling 931 shares during the period. Amalgamated Bank’s holdings in WSFS Financial were worth $888,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in shares of WSFS Financial by 5,000.0% in the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock valued at $47,000 after buying an additional 900 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of WSFS Financial by 40.5% in the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock valued at $48,000 after buying an additional 295 shares in the last quarter. Innealta Capital LLC bought a new position in shares of WSFS Financial in the second quarter valued at $114,000. SG Americas Securities LLC bought a new position in shares of WSFS Financial in the third quarter valued at $127,000. Finally, Ascent Group LLC bought a new position in shares of WSFS Financial in the second quarter valued at $201,000. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Trading Down 1.7 %

NASDAQ WSFS opened at $57.52 on Friday. WSFS Financial Co. has a 1-year low of $37.09 and a 1-year high of $60.54. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3.39 billion, a PE ratio of 13.13 and a beta of 1.02. The firm’s fifty day simple moving average is $51.55 and its 200-day simple moving average is $49.54.

WSFS Financial (NASDAQ:WSFS) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The business had revenue of $267.61 million for the quarter, compared to the consensus estimate of $260.35 million. During the same period in the prior year, the business posted $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, sell-side analysts anticipate that WSFS Financial Co. will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, November 8th. WSFS Financial’s dividend payout ratio (DPR) is presently 13.70%.

Analyst Ratings Changes

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

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.