Alliancebernstein L.P. Has $36.53 Million Stock Holdings in WSFS Financial Corporation $WSFS

Key Points

• Alliancebernstein L.P. reduced its stake in WSFS Financial Corporation by 10.9%, now owning approximately 704,315 shares worth $36.5 million as of the latest 13F filing.
• WSFS Financial recently reported an earnings per share of $1.27, surpassing analysts' expectations and showing a revenue increase of 0.6% year-over-year.
• The company's quarterly dividend was declared at $0.17 per share, resulting in an annualized yield of 1.2%.

Alliancebernstein L.P. lessened its stake in WSFS Financial Corporation (NASDAQ:WSFS - Free Report) by 10.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 704,315 shares of the bank's stock after selling 86,373 shares during the period. Alliancebernstein L.P. owned 1.24% of WSFS Financial worth $36,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in WSFS Financial by 90.0% in the 1st quarter. Versant Capital Management Inc now owns 532 shares of the bank's stock valued at $28,000 after buying an additional 252 shares in the last quarter. CWM LLC grew its position 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 buying an additional 295 shares in the last quarter. GAMMA Investing LLC grew its position in WSFS Financial by 37.0% in the 1st quarter. GAMMA Investing LLC now owns 2,038 shares of the bank's stock valued at $106,000 after buying an additional 550 shares in the last quarter. KBC Group NV grew its position in WSFS Financial by 6.8% in the 1st quarter. KBC Group NV now owns 3,081 shares of the bank's stock valued at $160,000 after buying an additional 196 shares in the last quarter. Finally, Xponance Inc. grew its position 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 buying an additional 209 shares in the last quarter. Institutional investors own 88.49% of the company's stock.

WSFS Financial Trading Down 1.3%

Shares of WSFS Financial stock traded down $0.71 during trading on Friday, hitting $55.93. The stock had a trading volume of 206,699 shares, compared to its average volume of 255,306. The stock has a 50 day simple moving average of $56.76 and a 200 day simple moving average of $53.75. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.13 billion, a PE ratio of 12.27 and a beta of 0.91. 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 posted its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. The business had revenue of $267.50 million during the quarter, compared to analysts' expectations of $221.93 million. WSFS Financial had a net margin of 19.29% and a return on equity of 10.15%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share. On average, research analysts expect that WSFS Financial Corporation will post 4.47 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 8th. WSFS Financial's dividend payout ratio (DPR) is presently 14.91%.

Wall Street Analyst Weigh In

WSFS has been the subject of a number of research analyst reports. DA Davidson upped their price target on shares of WSFS Financial from $68.00 to $70.00 and gave the company 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 report on Friday, May 30th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, WSFS Financial has a consensus rating of "Moderate Buy" and a consensus price target of $66.00.

WSFS Financial 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.