Several hedge funds and institutional investors recently traded shares of WSFS Financial. Jupiter Asset Management bought a new stake worth approximately $1.25 million. Wedge Capital Management increased its holdings by 29.2% during the second quarter, now owning 82,371 shares valued at about $3.87 million. BNP Paribas Financial raised its stake by 51.4%, now holding 30,156 shares valued at $1.36 million. Vanguard Group Inc. increased its position by 5.3%, owning 7.33 million shares valued at $331.25 million. Texas Permanent School Fund also slightly raised its stake to 52,982 shares worth $2.39 million. Overall, 88.49% of the shares are owned by institutional investors.
New Price Targets from Analysts
Recent brokerage reports have updated their price targets for WSFS Financial. Stephens raised its target from $54.00 to $62.00 with an “overweight” rating. DA Davidson increased its price target from $59.00 to $68.00, rating it as “buy.” Keefe, Bruyette & Woods lifted their target from $53.00 to $61.00, rating it “market perform.” Piper Sandler raised theirs from $48.00 to $55.00, giving it a “neutral” rating.
View Our Latest Stock Report on WSFS Financial
WSFS Financial Stock Performance
WSFS stock opened at $51.97. The average prices over the last 50 and 200 days are $51.43 and $48.33, respectively. The market cap is $3.12 billion, with a P/E ratio of 11.60 and beta of 1.01. Its stock has a low of $33.12 and a high of $58.59 in the past year. The quick and current ratios are both 0.86, and the debt-to-equity ratio is 0.46.
WSFS Financial recently reported earnings of $1.08 per share, beating estimates of $1.04. The quarter’s revenue was $266 million, exceeding the expected $254.48 million. WSFS Financial saw a 7.0% revenue increase from last year, expecting to post earnings of 4.31 per share for the current fiscal year.
Dividend Announcement
The company declared a quarterly dividend of $0.15 per share, paid on August 23rd to shareholders recorded on August 9th. This totals an annual dividend of $0.60 with a yield of 1.15%. WSFS Financial’s dividend payout ratio is 13.39%.
Insider Transactions
On July 30th, EVP Stephen P. Clark sold 12,663 shares at an average price of $56.52, totaling approximately $715,712. Following this sale, he now owns 25,671 shares valued at around $1.45 million. Insiders currently own 1.29% of the stock.
Company Overview
WSFS Financial Corporation is a savings and loan holding company for Wilmington Savings Fund Society, offering various banking services in the U.S. Its segments include WSFS Bank, Cash Connect, and Wealth Management, providing diverse deposit products.
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