Engineers Gate Manager LP increased its position in shares of WSFS Financial Co. (NASDAQ:WSFS) by 368.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 22,098 shares of the bank’s stock after buying an additional 17,377 shares during the quarter. Engineers Gate Manager LP’s holdings in WSFS Financial were worth $1,042,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Lenox Wealth Advisors LLC acquired a new position in WSFS Financial during the third quarter worth $157,000. Capital Fund Management S.A. acquired a new position in WSFS Financial during the second quarter worth $208,000. Tower Bridge Advisors acquired a new position in WSFS Financial during the second quarter worth $213,000. Amalgamated Bank acquired a new position in WSFS Financial during the second quarter worth $225,000. Finally, Advisors Asset Management Inc. increased its position in WSFS Financial by 136.4% during the second quarter. Advisors Asset Management Inc. now owns 10,595 shares of the bank’s stock worth $255,000 after buying an additional 6,113 shares during the last quarter. Institutional investors and hedge funds own 78.90% of the company’s stock.

WSFS has been the topic of several analyst reports. BidaskClub downgraded shares of WSFS Financial from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Boenning Scattergood reissued a “buy” rating on shares of WSFS Financial in a research report on Thursday, August 9th. Keefe, Bruyette & Woods raised shares of WSFS Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 10th. Zacks Investment Research downgraded shares of WSFS Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Sandler O’Neill reissued a “buy” rating and set a $63.00 target price on shares of WSFS Financial in a research report on Sunday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. WSFS Financial presently has a consensus rating of “Hold” and a consensus price target of $59.67.

In other WSFS Financial news, CFO Dominic C. Canuso purchased 4,245 shares of the stock in a transaction dated Thursday, August 30th. The shares were bought at an average cost of $48.95 per share, with a total value of $207,792.75. Following the completion of the transaction, the chief financial officer now owns 3,447 shares in the company, valued at approximately $168,730.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark A. Turner sold 42,000 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $48.72, for a total value of $2,046,240.00. Following the completion of the sale, the chief executive officer now directly owns 153,738 shares in the company, valued at $7,490,115.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,791 shares of company stock worth $4,049,304. 4.89% of the stock is currently owned by company insiders.

Shares of NASDAQ:WSFS opened at $43.20 on Friday. The stock has a market capitalization of $1.37 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. WSFS Financial Co. has a 52-week low of $40.04 and a 52-week high of $57.70. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.03 and a current ratio of 1.03.

WSFS Financial (NASDAQ:WSFS) last issued its quarterly earnings results on Monday, October 22nd. The bank reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.04. The company had revenue of $105.00 million for the quarter, compared to the consensus estimate of $100.42 million. WSFS Financial had a return on equity of 14.37% and a net margin of 23.83%. On average, sell-side analysts predict that WSFS Financial Co. will post 3.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, November 5th. WSFS Financial’s dividend payout ratio is currently 17.19%.

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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. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as jumbo certificates of deposit.

Further Reading: Bond

Want to see what other hedge funds are holding WSFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WSFS Financial Co. (NASDAQ:WSFS).

Institutional Ownership by Quarter for WSFS Financial (NASDAQ:WSFS)

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