Invesco Ltd. Purchases 15,281 Shares of WSFS Financial Corporation $WSFS

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. raised its stake in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 969,476 shares of the bank's stock after buying an additional 15,281 shares during the quarter. Invesco Ltd. owned approximately 1.71% of WSFS Financial worth $50,287,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WSFS. KBC Group NV increased its holdings in shares of WSFS Financial by 6.8% during the first quarter. KBC Group NV now owns 3,081 shares of the bank's stock valued at $160,000 after purchasing an additional 196 shares during the period. Natixis Advisors LLC increased its holdings in shares of WSFS Financial by 1.5% during the first quarter. Natixis Advisors LLC now owns 14,088 shares of the bank's stock valued at $731,000 after purchasing an additional 204 shares during the period. Xponance Inc. increased its holdings in shares of WSFS Financial by 4.9% during the first quarter. Xponance Inc. now owns 4,439 shares of the bank's stock valued at $230,000 after purchasing an additional 209 shares during the period. Mariner LLC increased its holdings in shares of WSFS Financial by 5.1% during the fourth 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. Finally, Versant Capital Management Inc increased its holdings in shares of WSFS Financial by 90.0% during the first quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock valued at $28,000 after purchasing an additional 252 shares during the period. 88.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WSFS has been the topic of a number of research analyst reports. 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. Keefe, Bruyette & Woods decreased their price target 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. Stephens reiterated an "overweight" rating and issued a $64.00 price target on shares of WSFS Financial in a research report on Monday, April 28th. Finally, Wall Street Zen lowered WSFS Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.00.

WSFS Financial Stock Down 0.0%

NASDAQ WSFS traded down $0.02 during trading on Thursday, reaching $55.74. 67,344 shares of the company's stock were exchanged, compared to its average volume of 331,064. The firm has a market capitalization of $3.12 billion, a PE ratio of 12.22 and a beta of 0.89. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. WSFS Financial Corporation has a fifty-two week low of $42.44 and a fifty-two week high of $62.75. The company's fifty day simple moving average is $55.64 and its 200-day simple moving average is $53.61.

WSFS Financial (NASDAQ:WSFS - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The business 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 period in the previous year, the business posted $1.08 earnings per share. Sell-side analysts predict that WSFS Financial Corporation will post 4.47 EPS for the current year.

WSFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. 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.