WSFS Financial Co. (NASDAQ:WSFS) Shares Acquired by Champlain Investment Partners LLC

Champlain Investment Partners LLC raised its stake in shares of WSFS Financial Co. (NASDAQ:WSFS) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,299,998 shares of the bank’s stock after purchasing an additional 14,792 shares during the period. Champlain Investment Partners LLC owned 2.21% of WSFS Financial worth $66,287,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its position in 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 acquiring an additional 900 shares during the period. GAMMA Investing LLC increased its position 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 purchasing an additional 295 shares in the last quarter. Innealta Capital LLC purchased a new position in WSFS Financial in the second quarter valued at approximately $114,000. SG Americas Securities LLC acquired a new position in WSFS Financial during the third quarter valued at approximately $127,000. Finally, CIBC Asset Management Inc purchased a new stake in WSFS Financial during the third quarter worth approximately $202,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

WSFS Financial Trading Up 3.0 %

Shares of WSFS opened at $60.48 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. WSFS Financial Co. has a one year low of $37.09 and a one year high of $60.60. The stock has a 50-day moving average price of $52.25 and a 200 day moving average price of $50.02. The company has a market capitalization of $3.56 billion, a P/E ratio of 13.81 and a beta of 1.02.

WSFS Financial (NASDAQ:WSFS) last released 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. The business had revenue of $267.61 million during the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. Sell-side analysts forecast that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.

WSFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. WSFS Financial’s dividend payout ratio (DPR) is presently 13.70%.

Analyst Ratings Changes

Several research firms recently weighed in on WSFS. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a report on Monday, October 28th. DA Davidson upped their target price on WSFS Financial from $59.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $54.00 target price (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Piper Sandler upped their price target on WSFS Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, Stephens lifted their price objective 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $59.75.

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.