WSFS Financial Co. (NASDAQ:WSFS) Short Interest Update

WSFS Financial Co. (NASDAQ:WSFS) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,520,000 shares, an increase of 27.7% from the November 30th total of 1,190,000 shares. Based on an average daily trading volume, of 295,400 shares, the days-to-cover ratio is currently 5.1 days.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS opened at $53.39 on Monday. The company has a market cap of $3.14 billion, a P/E ratio of 12.19 and a beta of 1.06. The company’s fifty day moving average is $55.76 and its two-hundred day moving average is $52.45. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. WSFS Financial has a 12-month low of $40.19 and a 12-month high of $62.75.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. The firm had revenue of $267.61 million during the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a return on equity of 10.56% and a net margin of 18.78%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. Equities analysts expect that WSFS Financial will post 4.27 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Friday, November 8th. WSFS Financial’s dividend payout ratio (DPR) is currently 13.70%.

Hedge Funds Weigh In On WSFS Financial

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC raised its stake in shares of WSFS Financial by 5,000.0% during the 3rd quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after purchasing an additional 900 shares in the last quarter. GAMMA Investing LLC lifted its stake in WSFS Financial by 41.8% in the third quarter. GAMMA Investing LLC now owns 1,451 shares of the bank’s stock valued at $74,000 after acquiring an additional 428 shares during the last quarter. SG Americas Securities LLC bought a new stake in WSFS Financial in the third quarter worth approximately $127,000. Ascent Group LLC acquired a new position in shares of WSFS Financial during the 2nd quarter worth $201,000. Finally, CIBC Asset Management Inc bought a new stake in WSFS Financial in the third quarter worth $202,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WSFS shares. Keefe, Bruyette & Woods restated a “market perform” rating and set 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 report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.