WSFS Financial Corporation $WSFS Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its holdings in WSFS Financial Corporation by 1.6%, now owning 969,476 shares valued at approximately $50.3 million.
• WSFS Financial reported **earnings per share (EPS)** of $1.27 for the last quarter, surpassing analysts' expectations of $1.13, and achieved a **revenue of $267.5 million** compared to estimates of $221.93 million.
• The company recently announced a quarterly dividend of **$0.17**, equating to an annualized dividend of $0.68 and reflecting a yield of **1.2%**.

Invesco Ltd. lifted its position in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 969,476 shares of the bank's stock after acquiring an additional 15,281 shares during the period. Invesco Ltd. owned 1.71% of WSFS Financial worth $50,287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WSFS. Versant Capital Management Inc increased its holdings in shares of WSFS Financial by 90.0% in the 1st quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock worth $28,000 after purchasing an additional 252 shares in the last quarter. CWM LLC increased its holdings in shares of WSFS Financial by 72.7% in the 1st quarter. CWM LLC now owns 701 shares of the bank's stock worth $36,000 after purchasing an additional 295 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of WSFS Financial by 804.4% in the 4th quarter. Sterling Capital Management LLC now owns 1,863 shares of the bank's stock worth $99,000 after purchasing an additional 1,657 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of WSFS Financial by 37.0% in the 1st quarter. GAMMA Investing LLC now owns 2,038 shares of the bank's stock worth $106,000 after purchasing an additional 550 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of WSFS Financial by 6.8% in 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 during the period. Institutional investors own 88.49% of the company's stock.

Wall Street Analyst Weigh In

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 report on Friday, May 30th. Stephens restated an "overweight" rating and issued a $64.00 price objective on shares of WSFS Financial in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced 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. Finally, DA Davidson lifted their target price on WSFS Financial from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $66.00.

WSFS Financial Stock Up 4.3%

WSFS Financial stock traded up $2.3850 during mid-day trading on Friday, reaching $58.0650. 72,502 shares of the company were exchanged, compared to its average volume of 330,000. The business has a fifty day moving average of $55.69 and a 200 day moving average of $53.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market cap of $3.25 billion, a P/E ratio of 12.72 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.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. The company had revenue of $267.50 million during the quarter, compared to analyst estimates of $221.93 million. WSFS Financial had a return on equity of 10.15% and a net margin of 19.29%.WSFS Financial's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. Research analysts anticipate that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend

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