32,935 Shares in WSFS Financial Co. (NASDAQ:WSFS) Acquired by Private Advisor Group LLC

Private Advisor Group LLC acquired a new stake in WSFS Financial Co. (NASDAQ:WSFS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 32,935 shares of the bank’s stock, valued at approximately $1,239,000. Private Advisor Group LLC owned about 0.05% of WSFS Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in WSFS Financial by 34.8% in the first quarter. BlackRock Inc. now owns 9,464,621 shares of the bank’s stock valued at $441,240,000 after buying an additional 2,442,621 shares during the last quarter. Vanguard Group Inc. lifted its stake in WSFS Financial by 16.2% in the first quarter. Vanguard Group Inc. now owns 7,112,476 shares of the bank’s stock valued at $331,584,000 after buying an additional 992,425 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in WSFS Financial by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,702,704 shares of the bank’s stock valued at $167,883,000 after buying an additional 14,039 shares during the last quarter. State Street Corp lifted its stake in WSFS Financial by 29.1% in the first quarter. State Street Corp now owns 2,878,509 shares of the bank’s stock valued at $134,196,000 after buying an additional 648,867 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in WSFS Financial by 7.0% in the first quarter. Invesco Ltd. now owns 1,369,339 shares of the bank’s stock valued at $63,838,000 after buying an additional 89,948 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

WSFS Financial Trading Down 3.4 %

Shares of WSFS stock opened at $38.20 on Monday. The business’s fifty day moving average price is $40.35 and its 200 day moving average price is $39.63. WSFS Financial Co. has a 1-year low of $29.59 and a 1-year high of $51.77. The firm has a market capitalization of $2.33 billion, a PE ratio of 8.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.81 and a quick ratio of 0.81.

WSFS Financial (NASDAQ:WSFS) last announced its quarterly earnings data on Monday, July 24th. The bank reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.06. WSFS Financial had a return on equity of 13.33% and a net margin of 25.67%. The firm had revenue of $248.70 million for the quarter, compared to analyst estimates of $241.79 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. WSFS Financial’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts forecast that WSFS Financial Co. will post 4.17 EPS for the current fiscal year.

WSFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, August 3rd. WSFS Financial’s dividend payout ratio (DPR) is 12.88%.

Analysts Set New Price Targets

WSFS has been the subject of a number of research reports. Piper Sandler boosted their price objective on WSFS Financial from $37.00 to $39.00 in a research note on Wednesday, July 26th. Stephens upped their price target on WSFS Financial from $44.00 to $48.00 in a research note on Wednesday, July 26th. StockNews.com began coverage on WSFS Financial in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, DA Davidson upgraded WSFS Financial from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Monday, June 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, WSFS Financial has a consensus rating of “Moderate Buy” and an average target price of $47.40.

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.