233,080 Shares in WSFS Financial Corporation $WSFS Purchased by Nuveen LLC

Key Points

• Nuveen LLC has made a new investment in WSFS Financial Corporation, acquiring 233,080 shares valued at approximately $12.09 million, representing about 0.41% ownership of the company.
• WSFS Financial recently announced a quarterly dividend of $0.17 per share, with an annualized yield of 1.2%, to be paid on August 22nd.
• Analysts have a mixed outlook on WSFS Financial, with ratings ranging from "buy" to "sell," and an average price target of $66.00.

Nuveen LLC purchased a new position in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 233,080 shares of the bank's stock, valued at approximately $12,090,000. Nuveen LLC owned about 0.41% of WSFS Financial at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WSFS. Cooke & Bieler LP grew its holdings in WSFS Financial by 14.0% during the 1st quarter. Cooke & Bieler LP now owns 892,286 shares of the bank's stock worth $46,283,000 after acquiring an additional 109,519 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of WSFS Financial by 7,004.2% during the first quarter. GAMMA Investing LLC now owns 105,711 shares of the bank's stock worth $5,483,000 after purchasing an additional 104,223 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in WSFS Financial in the first quarter worth about $3,290,000. Frontier Capital Management Co. LLC increased its holdings in WSFS Financial by 7.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 718,978 shares of the bank's stock valued at $38,199,000 after buying an additional 48,822 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in WSFS Financial by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,313,175 shares of the bank's stock worth $122,899,000 after purchasing an additional 19,895 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WSFS has been the topic of a number of research reports. DA Davidson increased their target price on shares of WSFS Financial from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Wall Street Zen downgraded shares of WSFS Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $66.00.

WSFS Financial Stock Performance

Shares of NASDAQ:WSFS traded up $0.03 on Wednesday, hitting $58.30. The company's stock had a trading volume of 37,780 shares, compared to its average volume of 329,680. The stock's 50-day moving average is $56.08 and its two-hundred day moving average is $53.58. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 12.78 and a beta of 0.89. WSFS Financial Corporation has a 12 month low of $42.44 and a 12 month 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 data 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. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. The business had revenue of $267.50 million during the quarter, compared to analysts' expectations of $221.93 million. During the same period last year, the firm posted $1.08 earnings per share. The business's revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 8th. WSFS Financial's payout ratio is currently 14.91%.

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.