Deutsche Bank AG Acquires 17,165 Shares of WSFS Financial Co. (NASDAQ:WSFS)

Deutsche Bank AG boosted its position in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 49.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,747 shares of the bank's stock after buying an additional 17,165 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of WSFS Financial worth $2,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mariner LLC increased its position in WSFS Financial by 5.1% during the 4th quarter. Mariner LLC now owns 4,457 shares of the bank's stock valued at $237,000 after purchasing an additional 215 shares during the period. LPL Financial LLC lifted its stake in WSFS Financial by 1.2% during the 4th quarter. LPL Financial LLC now owns 21,060 shares of the bank's stock valued at $1,119,000 after acquiring an additional 257 shares during the period. HighTower Advisors LLC lifted its stake in WSFS Financial by 6.5% during the 4th quarter. HighTower Advisors LLC now owns 4,762 shares of the bank's stock valued at $253,000 after acquiring an additional 290 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of WSFS Financial by 1.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 31,725 shares of the bank's stock worth $1,686,000 after purchasing an additional 493 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of WSFS Financial by 3.1% in the 4th quarter. Stifel Financial Corp now owns 17,880 shares of the bank's stock worth $950,000 after purchasing an additional 546 shares during the period. 88.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

WSFS Financial Stock Down 3.1%

NASDAQ WSFS opened at $53.08 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.83 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $51.21 and a two-hundred day moving average of $53.97. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 12.01 and a beta of 0.86. WSFS Financial Co. has a 52 week low of $42.21 and a 52 week high of $62.75.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last issued its earnings results 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 firm had revenue of $256.11 million during the quarter, compared to analyst estimates of $235.44 million. WSFS Financial had a net margin of 18.77% and a return on equity of 10.30%. The business's revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 earnings per share. On average, analysts predict that WSFS Financial Co. will post 4.47 earnings per share for the current year.

WSFS Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.28%. This is a boost from WSFS Financial's previous quarterly dividend of $0.15. The ex-dividend date is Friday, May 9th. WSFS Financial's dividend payout ratio is presently 15.28%.

Insiders Place Their Bets

In other news, CEO Rodger Levenson sold 7,199 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.20, for a total value of $397,384.80. Following the sale, the chief executive officer now directly owns 142,780 shares in the company, valued at approximately $7,881,456. This trade represents a 4.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.21% of the stock is owned by company insiders.

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.

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