Deutsche Bank AG Buys 15,133 Shares of WSFS Financial Corporation $WSFS

Key Points

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Deutsche Bank AG increased its holdings in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 29.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,880 shares of the bank's stock after acquiring 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 reporting period.

Several other institutional investors have also made changes to their positions in the business. Xponance Inc. raised its stake in WSFS Financial by 4.9% during the first quarter. Xponance Inc. now owns 4,439 shares of the bank's stock worth $230,000 after acquiring an additional 209 shares in the last quarter. GAMMA Investing LLC raised its stake in WSFS Financial by 37.0% during 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. Principal Financial Group Inc. raised its stake in WSFS Financial by 2.2% during the first quarter. Principal Financial Group Inc. now owns 324,266 shares of the bank's stock worth $16,820,000 after acquiring an additional 7,012 shares in the last quarter. KBC Group NV raised its stake in WSFS Financial by 6.8% during 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. Finally, Cerity Partners LLC acquired a new position in WSFS Financial during the first quarter worth $661,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WSFS. Wall Street Zen lowered WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Stephens reiterated an "overweight" rating and issued a $64.00 price objective on shares of WSFS Financial in a research report on Monday, April 28th. DA Davidson boosted their price objective on WSFS Financial from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Keefe, Bruyette & Woods decreased 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. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.00.

WSFS Financial Trading Up 0.8%

WSFS traded up $0.46 during mid-day trading on Wednesday, reaching $55.76. The stock had a trading volume of 263,164 shares, compared to its average volume of 348,894. The firm's fifty day simple moving average is $55.64 and its two-hundred day simple moving average is $53.61. The stock has a market capitalization of $3.12 billion, a P/E ratio of 12.23 and a beta of 0.89. WSFS Financial Corporation has a 52 week low of $42.44 and a 52 week high of $62.75. 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 quarterly earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.14. The business had revenue of $267.50 million for the quarter, compared to analysts' expectations of $221.93 million. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%.The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. On average, equities analysts predict that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

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