Geode Capital Management LLC Has $77.89 Million Holdings in WSFS Financial Corporation $WSFS

Geode Capital Management LLC trimmed its position in WSFS Financial Corporation (NASDAQ:WSFS) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,415,940 shares of the bank’s stock after selling 18,841 shares during the quarter. Geode Capital Management LLC owned 2.53% of WSFS Financial worth $77,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WSFS. Boston Partners boosted its stake in WSFS Financial by 2.0% during the second quarter. Boston Partners now owns 350,327 shares of the bank’s stock worth $19,240,000 after buying an additional 6,755 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of WSFS Financial during the 2nd quarter valued at about $220,000. Campbell & CO Investment Adviser LLC bought a new stake in WSFS Financial in the second quarter valued at about $825,000. Parkside Financial Bank & Trust raised its position in WSFS Financial by 17.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,437 shares of the bank’s stock worth $79,000 after purchasing an additional 212 shares in the last quarter. Finally, Savant Capital LLC bought a new position in WSFS Financial during the second quarter worth about $240,000. 88.49% of the stock is owned by institutional investors.

WSFS Financial Price Performance

WSFS Financial stock opened at $55.65 on Friday. The business’s fifty day moving average is $53.79 and its two-hundred day moving average is $54.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $3.04 billion, a P/E ratio of 11.47 and a beta of 0.93. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS) last announced its earnings results on Tuesday, May 3rd. The bank reported $1.39 earnings per share for the quarter. The company had revenue of $161.68 million during the quarter. WSFS Financial had a return on equity of 10.60% and a net margin of 20.44%. Equities research analysts forecast that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 7th. WSFS Financial’s dividend payout ratio is 14.02%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WSFS shares. TD Cowen started coverage on WSFS Financial in a report on Thursday, September 25th. They issued a “buy” rating and a $67.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of WSFS Financial in a research report on Wednesday, October 8th. DA Davidson cut WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Cowen restated a “buy” rating on shares of WSFS Financial in a research note on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

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.