Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of WSFS Financial Corporation (NASDAQ:WSFS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 63,428 shares of the bank's stock, valued at approximately $3,290,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of WSFS Financial at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Cooke & Bieler LP increased its stake in WSFS Financial by 14.0% in the 1st quarter. Cooke & Bieler LP now owns 892,286 shares of the bank's stock valued at $46,283,000 after purchasing an additional 109,519 shares in the last quarter. CWM LLC increased its stake in WSFS Financial by 72.7% in the 1st quarter. CWM LLC now owns 701 shares of the bank's stock valued at $36,000 after purchasing an additional 295 shares in the last quarter. Xponance Inc. increased its stake in WSFS Financial by 4.9% in the 1st quarter. Xponance Inc. now owns 4,439 shares of the bank's stock valued at $230,000 after purchasing an additional 209 shares in the last quarter. Cerity Partners LLC purchased a new position in WSFS Financial in the 1st quarter valued at approximately $661,000. Finally, Alps Advisors Inc. purchased a new position in WSFS Financial in the 1st quarter valued at approximately $358,000. 88.49% of the stock is owned by hedge funds and other institutional investors.
WSFS Financial Price Performance
NASDAQ:WSFS traded down $1.31 during trading hours on Friday, reaching $53.54. 119,768 shares of the company traded hands, compared to its average volume of 331,502. The firm's 50-day moving average is $55.15 and its 200-day moving average is $53.58. The stock has a market cap of $3.04 billion, a P/E ratio of 11.73 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.83 and a quick ratio of 0.83. WSFS Financial Corporation has a 1-year low of $42.44 and a 1-year high of $62.75.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last announced its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The firm 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%. WSFS Financial's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. Equities research analysts expect that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.
WSFS Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 8th. WSFS Financial's dividend payout ratio is 14.91%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on WSFS shares. Wall Street Zen downgraded WSFS Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Keefe, Bruyette & Woods dropped their price objective on 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. DA Davidson raised their price objective on WSFS Financial from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Monday. Finally, Stephens reaffirmed an "overweight" rating and issued a $64.00 price objective on shares of WSFS Financial in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, WSFS Financial has a consensus rating of "Hold" and a consensus target price of $66.00.
View Our Latest Analysis on WSFS Financial
WSFS Financial 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.
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