WSFS Financial Co. (NASDAQ:WSFS) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 37.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 150,091 shares of the bank’s stock after selling 90,139 shares during the period. Loomis Sayles & Co. L P’s holdings in WSFS Financial were worth $7,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of WSFS Financial by 5,000.0% in the third quarter. International Assets Investment Management LLC now owns 918 shares of the bank’s stock worth $47,000 after acquiring an additional 900 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of WSFS Financial by 40.5% in the second quarter. GAMMA Investing LLC now owns 1,023 shares of the bank’s stock worth $48,000 after acquiring an additional 295 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of WSFS Financial in the second quarter worth $114,000. SG Americas Securities LLC acquired a new position in shares of WSFS Financial in the third quarter worth $127,000. Finally, Ascent Group LLC acquired a new position in shares of WSFS Financial in the second quarter worth $201,000. 88.49% of the stock is owned by institutional investors and hedge funds.

WSFS Financial Price Performance

Shares of NASDAQ:WSFS opened at $60.43 on Thursday. The company has a market cap of $3.56 billion, a P/E ratio of 13.80 and a beta of 1.02. 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 Co. has a 52 week low of $37.09 and a 52 week high of $62.75. The business has a fifty day simple moving average of $52.75 and a 200-day simple moving average of $50.38.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $1.08 EPS for the quarter, beating 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 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 quarter in the previous year, the business earned $1.23 earnings per share. Equities research analysts forecast that WSFS Financial Co. will post 4.27 EPS for the current year.

WSFS Financial Dividend Announcement

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

Analysts Set New Price Targets

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