Aberdeen Group plc Has $27.22 Million Stake in WSFS Financial Corporation $WSFS

Key Points

• Aberdeen Group plc increased its stake in WSFS Financial Corporation by 2.6%, owning about 524,841 shares valued at $27.22 million after purchasing additional shares in the first quarter.
• WSFS Financial reported an EPS of $1.27 for the last quarter, exceeding estimates, and had a year-over-year revenue increase of 0.6%.
• The company announced a $0.17 quarterly dividend, translating to an annual yield of 1.2%, with ex-dividend date on August 8th.

Aberdeen Group plc raised its position in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 524,841 shares of the bank's stock after buying an additional 13,549 shares during the period. Aberdeen Group plc owned about 0.92% of WSFS Financial worth $27,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its position in WSFS Financial by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,313,175 shares of the bank's stock valued at $122,899,000 after purchasing an additional 19,895 shares during the last quarter. Invesco Ltd. increased its stake in shares of WSFS Financial by 1.6% in the 1st quarter. Invesco Ltd. now owns 969,476 shares of the bank's stock valued at $50,287,000 after buying an additional 15,281 shares during the period. Cooke & Bieler LP raised its position in shares of WSFS Financial by 14.0% during the first quarter. Cooke & Bieler LP now owns 892,286 shares of the bank's stock worth $46,283,000 after acquiring an additional 109,519 shares during the last quarter. Northern Trust Corp boosted its holdings in WSFS Financial by 1.2% in the fourth quarter. Northern Trust Corp now owns 809,334 shares of the bank's stock valued at $43,000,000 after acquiring an additional 9,542 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in WSFS Financial by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 748,085 shares of the bank's stock worth $38,803,000 after purchasing an additional 7,501 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

WSFS Financial Stock Performance

NASDAQ:WSFS traded up $2.2380 during mid-day trading on Friday, hitting $57.9180. The stock had a trading volume of 95,570 shares, compared to its average volume of 330,186. WSFS Financial Corporation has a twelve month low of $42.44 and a twelve month high of $62.75. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 12.78 and a beta of 0.89. The company's 50 day simple moving average is $55.69 and its 200 day simple moving average is $53.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%.The business had revenue of $267.50 million for the quarter, compared to analyst estimates of $221.93 million. During the same period in the previous year, the firm earned $1.08 EPS. The firm's revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. WSFS Financial's dividend payout ratio (DPR) is 14.91%.

Analysts Set New Price Targets

WSFS has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Keefe, Bruyette & Woods reduced their price objective on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Stephens reaffirmed an "overweight" rating and set a $64.00 price objective on shares of WSFS Financial in a research note on Monday, April 28th. Finally, DA Davidson increased their target price on WSFS Financial from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.00.

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.