Charles Schwab Investment Management Inc. Sells 1,158 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Charles Schwab Investment Management Inc. decreased its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 720,934 shares of the bank’s stock after selling 1,158 shares during the period. Charles Schwab Investment Management Inc.’s holdings in WSFS Financial were worth $36,760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC increased its position in WSFS Financial by 40.5% during the second 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. Diversified Trust Co boosted its stake in shares of WSFS Financial by 2.0% during the 2nd quarter. Diversified Trust Co now owns 11,382 shares of the bank’s stock worth $535,000 after acquiring an additional 225 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of WSFS Financial by 29.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 82,371 shares of the bank’s stock valued at $3,871,000 after acquiring an additional 18,636 shares during the last quarter. AlphaMark Advisors LLC bought a new position in shares of WSFS Financial in the 2nd quarter valued at approximately $329,000. Finally, Louisiana State Employees Retirement System lifted its holdings in WSFS Financial by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank’s stock worth $1,419,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

WSFS Financial Stock Down 0.3 %

Shares of WSFS stock opened at $59.83 on Tuesday. WSFS Financial Co. has a 12 month low of $39.99 and a 12 month high of $62.75. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. The firm has a market cap of $3.52 billion, a PE ratio of 13.66 and a beta of 1.02. The stock has a 50 day moving average of $53.35 and a 200-day moving average of $50.77.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) 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 analyst estimates of $260.35 million. During the same quarter in the previous year, the firm posted $1.23 earnings per share. WSFS Financial’s revenue was up .6% compared to the same quarter last year. On average, equities analysts predict that WSFS Financial Co. will post 4.27 EPS for the current year.

WSFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, November 8th. WSFS Financial’s payout ratio is presently 13.70%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WSFS. Janney Montgomery Scott reissued a “neutral” rating on shares of WSFS Financial in a research report on Monday, October 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $54.00 target price (down previously from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently 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.