Deutsche Bank AG boosted its stake in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 29.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 66,880 shares of the bank's stock after purchasing an additional 15,133 shares during the period. Deutsche Bank AG owned about 0.12% of WSFS Financial worth $3,469,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in WSFS Financial by 90.0% in the 1st quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock valued at $28,000 after purchasing an additional 252 shares during the last quarter. CWM LLC grew 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 worth $36,000 after acquiring an additional 295 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of WSFS Financial by 804.4% in the fourth quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank's stock worth $99,000 after acquiring an additional 1,657 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of WSFS Financial by 37.0% in the first quarter. GAMMA Investing LLC now owns 2,038 shares of the bank's stock worth $106,000 after acquiring an additional 550 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of WSFS Financial by 6.8% in the first quarter. KBC Group NV now owns 3,081 shares of the bank's stock worth $160,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.
WSFS Financial Stock Up 3.9%
Shares of WSFS stock traded up $2.16 on Friday, reaching $57.84. 472,775 shares of the stock were exchanged, compared to its average volume of 341,985. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The business's 50 day moving average price is $55.81 and its 200 day moving average price is $53.58. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 12.68 and a beta of 0.89. WSFS Financial Corporation has a twelve month low of $42.44 and a twelve month high of $62.75.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. The firm had revenue of $267.50 million during the quarter, compared to the consensus estimate of $221.93 million. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. The company's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 earnings per share. As a group, sell-side analysts expect that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.
WSFS Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. WSFS Financial's payout ratio is presently 14.91%.
Analyst Ratings Changes
Several equities analysts have commented on WSFS shares. Wall Street Zen downgraded shares of WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. DA Davidson boosted their price target on shares of WSFS Financial from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Stephens restated an "overweight" rating and issued a $64.00 price target on shares of WSFS Financial in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Two equities research 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.00.
Check Out Our Latest Report on WSFS
WSFS Financial Company Profile
(
Free Report)
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.
Read More
Before you consider WSFS Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WSFS Financial wasn't on the list.
While WSFS Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
