Cooke & Bieler LP Has $46.28 Million Stake in WSFS Financial Corporation (NASDAQ:WSFS)

Cooke & Bieler LP lifted its stake in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 892,286 shares of the bank's stock after purchasing an additional 109,519 shares during the period. Cooke & Bieler LP owned about 1.54% of WSFS Financial worth $46,283,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc raised its stake in 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 during the period. Farther Finance Advisors LLC increased its stake in shares of WSFS Financial by 2,500.0% in the fourth quarter. Farther Finance Advisors LLC now owns 572 shares of the bank's stock valued at $30,000 after purchasing an additional 550 shares during the period. Crowley Wealth Management Inc. acquired a new stake in shares of WSFS Financial in the fourth quarter valued at approximately $32,000. CWM LLC increased its stake in shares of WSFS Financial by 72.7% in the first quarter. CWM LLC now owns 701 shares of the bank's stock valued at $36,000 after purchasing an additional 295 shares during the period. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of WSFS Financial in the fourth quarter valued at approximately $40,000. Institutional investors own 88.49% of the company's stock.

WSFS Financial Stock Performance

WSFS traded down $0.52 during trading on Friday, hitting $58.17. The stock had a trading volume of 299,841 shares, compared to its average volume of 309,735. The firm has a market cap of $3.30 billion, a PE ratio of 13.07 and a beta of 0.87. WSFS Financial Corporation has a 12 month low of $42.44 and a 12 month high of $62.75. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $54.76 and a 200-day simple moving average of $53.32.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. The business had revenue of $256.11 million for the quarter, compared to analysts' expectations of $235.44 million. WSFS Financial had a return on equity of 10.06% and a net margin of 18.86%. WSFS Financial's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. Analysts expect that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Friday, May 9th. This is an increase from WSFS Financial's previous quarterly dividend of $0.15. WSFS Financial's payout ratio is currently 15.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Stephens reiterated an "overweight" rating and set a $64.00 price objective on shares of WSFS Financial in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods lowered 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $62.75.

WSFS Financial 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.