Sanctuary Advisors LLC Acquires 6,466 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Sanctuary Advisors LLC increased its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS) by 100.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,879 shares of the bank’s stock after purchasing an additional 6,466 shares during the period. Sanctuary Advisors LLC’s holdings in WSFS Financial were worth $657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WSFS. Mill Creek Capital Advisors LLC bought a new position in WSFS Financial during the 3rd quarter worth about $718,000. Jane Street Group LLC grew its holdings in shares of WSFS Financial by 47.9% during the third quarter. Jane Street Group LLC now owns 114,154 shares of the bank’s stock worth $5,821,000 after buying an additional 36,990 shares in the last quarter. Victory Capital Management Inc. lifted its stake in WSFS Financial by 30.6% in the 3rd quarter. Victory Capital Management Inc. now owns 36,773 shares of the bank’s stock valued at $1,875,000 after acquiring an additional 8,617 shares in the last quarter. Squarepoint Ops LLC boosted its position in WSFS Financial by 265.1% during the 2nd quarter. Squarepoint Ops LLC now owns 23,763 shares of the bank’s stock worth $1,117,000 after acquiring an additional 17,254 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of WSFS Financial by 110.8% during the 3rd quarter. Barclays PLC now owns 120,397 shares of the bank’s stock worth $6,139,000 after acquiring an additional 63,284 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on WSFS shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $54.00 price objective (down previously from $58.00) on shares of WSFS Financial in a research report on Tuesday, October 29th. Janney Montgomery Scott restated a “neutral” rating on shares of WSFS Financial in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $59.75.

WSFS Financial Price Performance

NASDAQ:WSFS opened at $53.96 on Wednesday. The stock has a market capitalization of $3.18 billion, a PE ratio of 12.32 and a beta of 1.06. WSFS Financial Co. has a 1-year low of $40.19 and a 1-year high of $62.75. The firm has a fifty day simple moving average of $55.66 and a 200 day simple moving average of $52.23. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40.

WSFS Financial (NASDAQ:WSFS) last issued its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The company had revenue of $267.61 million for the quarter, compared to analysts’ expectations of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. WSFS Financial’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. On average, research analysts expect that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, November 8th. WSFS Financial’s payout ratio is presently 13.70%.

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.