Deutsche Bank AG Has $2.75 Million Holdings in WSFS Financial Co. (NASDAQ:WSFS)

Deutsche Bank AG lifted its holdings in WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 49.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,747 shares of the bank's stock after purchasing an additional 17,165 shares during the period. Deutsche Bank AG owned 0.09% of WSFS Financial worth $2,749,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WSFS. Principal Financial Group Inc. boosted its position in shares of WSFS Financial by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 317,254 shares of the bank's stock valued at $16,856,000 after acquiring an additional 10,915 shares during the period. Sei Investments Co. raised its stake in WSFS Financial by 58.4% during the 4th quarter. Sei Investments Co. now owns 56,359 shares of the bank's stock valued at $2,994,000 after purchasing an additional 20,784 shares during the last quarter. Raymond James Financial Inc. bought a new stake in WSFS Financial in the 4th quarter valued at $18,167,000. AlphaQuest LLC acquired a new stake in WSFS Financial in the 4th quarter worth $84,000. Finally, Norges Bank bought a new position in shares of WSFS Financial during the 4th quarter worth about $32,775,000. Institutional investors and hedge funds own 88.49% of the company's stock.

WSFS Financial Price Performance

Shares of WSFS Financial stock traded up $1.27 during trading on Tuesday, hitting $54.03. 196,372 shares of the company's stock traded hands, compared to its average volume of 303,213. The company has a market cap of $3.07 billion, a PE ratio of 12.22 and a beta of 0.86. The firm's fifty day moving average price is $51.29 and its 200 day moving average price is $53.94. WSFS Financial Co. has a twelve month low of $42.21 and a twelve month high of $62.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.83 and a quick ratio of 0.86.

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 for the quarter, beating analysts' consensus estimates of $1.04 by $0.09. WSFS Financial had a return on equity of 10.30% and a net margin of 18.77%. The company had revenue of $256.11 million for the quarter, compared to the consensus estimate of $235.44 million. During the same period in the previous year, the business earned $1.11 earnings per share. The company's quarterly revenue was up 1.7% on a year-over-year basis. Analysts forecast that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 9th. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.26%. WSFS Financial's dividend payout ratio (DPR) is presently 15.28%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WSFS shares. Stephens reaffirmed an "overweight" rating and set a $64.00 price objective on shares of WSFS Financial in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced their price objective on WSFS Financial from $66.00 to $64.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, WSFS Financial has an average rating of "Hold" and a consensus price target of $62.75.

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.