Mutual of America Capital Management LLC holds $440,000 stake in WSFS Financial Co. (NASDAQ: WSFS)

Mutual of America Capital Management LLC increased its stake in WSFS Financial Co. (NASDAQ: WSFS – Get Rating) by 45.2% in the first quarter, Holdings Channel.com reports. The institutional investor held 9,435 shares of the bank after purchasing an additional 2,936 shares during the quarter. Mutual of America Capital Management LLC’s holdings in WSFS Financial were worth $440,000 when it last filed with the SEC.

A number of other institutional investors and hedge funds have also recently changed their positions in the stock. The New York State Teachers’ Retirement System increased its stake in WSFS Financial shares by 19.2% in the fourth quarter. The New York State Teachers’ Retirement System now owns 28,840 shares of the bank worth $1,445,000 after purchasing an additional 4,637 shares during the period. Allspring Global Investments Holdings LLC purchased a new stock position in WSFS Financial in the fourth quarter for a value of approximately $979,000. Yousif Capital Management LLC bought a new stock position in WSFS Financial in the fourth quarter for a value of approximately $3,022,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in WSFS Financial shares by 45.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,898 shares of the bank worth $346,000 after purchasing an additional 2,149 shares during the period. Finally, Cim Investment Management Inc. increased its stake in WSFS Financial shares by 100.0% in the fourth quarter. Cim Investment Management Inc. now owns 8,172 shares of the bank worth $415,000 after purchasing an additional 4,086 shares during the period. Institutional investors and hedge funds hold 70.92% of the company’s shares.

Analyst upgrades and downgrades

A number of stock analysts have recently commented on WSFS shares. DA Davidson reiterated a “neutral” rating on WSFS Financial shares in a Wednesday July 27 research note. Stephens lowered his price target on WSFS Financial from $53.00 to $52.00 and set an “equal weight” rating on the stock in a Monday, April 25 research note. Piper Sandler raised her price target on WSFS Financial to $58.00 and gave the company an “outperform” rating in a Wednesday, July 27 research note. Finally, StockNews.com upgraded WSFS Financial from a “sell” rating to a “hold” rating in a research note on Friday. Six research analysts rated the stock with a hold rating and one gave the stock a buy rating. According to data from MarketBeat, WSFS Financial has a consensus rating of “Hold” and a consensus price target of $55.00.

WSFS Financial Trading up 1.2%

WSFS stock opened at $47.72 on Monday. WSFS Financial Co. has a 1-year low of $37.03 and a 1-year high of $56.30. The company has a market capitalization of $3.02 billion, a P/E ratio of 14.37 and a beta of 1.07. The company’s 50-day moving average is $41.49 and its 200-day moving average is $45.32. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt ratio of 0.15.

WSFS Financial (NASDAQ:WSFS – Get Rating) last released its quarterly earnings data on Monday, July 25. The bank reported earnings per share of $1.02 for the quarter, beating the consensus estimate of $0.92 by $0.10. WSFS Financial had a return on equity of 10.14% and a net margin of 23.44%. During the same period last year, the company posted EPS of $2.00. Stock analysts expect WSFS Financial Co. to post earnings per share of 4.07 for the current fiscal year.

WSFS Financial increases its dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 19. Shareholders of record on Friday, August 5 will receive a dividend of $0.15. This is a positive change from WSFS Financial’s previous quarterly dividend of $0.13. This represents an annualized dividend of $0.60 and a dividend yield of 1.26%. The ex-date of this dividend is Thursday, August 4. WSFS Financial’s dividend payout ratio is currently 15.66%.

WSFS Financial Profile

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WSFS Financial Corporation operates as a savings and loan holding company for the Wilmington Savings Fund Society, FSB, which 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 jumbo certificates of deposit from individuals, d businesses and municipalities.

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