Aberdeen Group plc Has $27.22 Million Stock Position 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 increased 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 524,841 shares of the bank's stock after acquiring 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of WSFS Financial by 90.0% during the first quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock worth $28,000 after acquiring an additional 252 shares in the last quarter. CWM LLC raised its holdings in WSFS Financial by 72.7% during the first quarter. CWM LLC now owns 701 shares of the bank's stock valued at $36,000 after buying an additional 295 shares in the last quarter. Sterling Capital Management LLC raised its holdings in WSFS Financial by 804.4% during the fourth quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank's stock valued at $99,000 after buying an additional 1,657 shares in the last quarter. GAMMA Investing LLC raised its holdings in WSFS Financial by 37.0% during the first quarter. GAMMA Investing LLC now owns 2,038 shares of the bank's stock valued at $106,000 after buying an additional 550 shares in the last quarter. Finally, KBC Group NV raised its holdings in WSFS Financial by 6.8% during the first quarter. KBC Group NV now owns 3,081 shares of the bank's stock valued at $160,000 after buying an additional 196 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on WSFS shares. DA Davidson raised their target price on WSFS Financial from $68.00 to $70.00 and gave the company a "buy" rating in a report on Monday, July 28th. Keefe, Bruyette & Woods cut their target price on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Stephens restated an "overweight" rating and set a $64.00 target price on shares of WSFS Financial in a report on Monday, April 28th. Finally, Wall Street Zen lowered WSFS Financial from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, WSFS Financial currently has an average rating of "Moderate Buy" and an average target price of $66.00.

WSFS Financial Stock Performance

Shares of NASDAQ:WSFS traded up $0.46 during midday trading on Wednesday, hitting $55.76. The company's stock had a trading volume of 263,164 shares, compared to its average volume of 332,770. WSFS Financial Corporation has a fifty-two week low of $42.44 and a fifty-two week high of $62.75. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.23 and a beta of 0.89. The stock's 50 day simple moving average is $55.59 and its 200 day simple moving average is $53.60. 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 released 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 the consensus estimate of $221.93 million. During the same period last year, the business earned $1.08 earnings per share. The firm's revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts anticipate that WSFS Financial Corporation will post 4.47 earnings per share for the current year.

WSFS Financial Dividend Announcement

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

WSFS Financial Company Profile

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.